ALUMNI Partners Advised WIM Savings on the Acquisition of FRAME From PIK Group

ALUMNI Partners advised WIM Realty closed-end mutual investment fund, managed by WIM Savings, on the acquisition from Forma, the PIK Group developer, of the FRAME Workplace, Class A business centre under construction near Belorussky Railway Station in Moscow.

The project is scheduled for completion in 2029. The total area of the complex will comprise 69,700 sq. m, including 60,900 sq. m ofe office space. According to media, the transaction value ranged from 27 to 45 billion rubles. Market participants describe it as one of the largest deals in the Moscow’s office real estate market and the first case of a closed mutual investment fund acquiring an entire business center of this scale at the construction stage.

ALUMNI Partners’ team provided comprehensive legal support for the transaction, structured as a purchase of a future asset, including drafting and negotiating transaction documents, in particular, the agreement of purchase of the future asset, and providing relevant security documents, negotiations with the seller’s team, advising on various aspects of the project, its specific features and related risks. The project was completed within an exceptionally short timeframe.

The key team members were Rustam Aliev, Partner and Dmitry Ilyin, Counsel.