CMS Cameron McKenna in Kyiv has announced that it advised PJSC Alfa-Bank (Ukraine) on the restructuring of a multimillion dollar financing of PJSC Toronto-Kyiv, which owns and operates a mixed-use real estate property called the Toronto-Kyiv Complex, located in downtown Kyiv. Alfa-Bank Ukraine acquired the original loan from Bank of Cyprus in the course of its exit from the Ukrainian market.
The Toronto-Kyiv business center, located at 79 Antonovich Street in Kyiv, covers 83,890 square meters, and was completed in 2013. It consists of four blocks, two of which are oriented on the inner area of the complex from the street, and it contains parking spaces for 499 cars on five underground floors of the building.
Daniel Bilak, Managing Partner of CMS Cameron McKenna, Kyiv said: “We are very pleased that our financial institutions practice was able to provide long term support to the banks involved in such transactions in a volatile market.”
CMS did not reply to our inquiry about counsel for PJSC Toronto-Kyiv.