Real Estate

OMNI is actively involved in all aspects of Azerbaijani real estate sector. We routinely advise investors, developers and lenders in connection with development projects, acquisitions, leases and security matters.

The representative list of the matters in this practice area includes:

● representing a major international hotel chain in connection with 2 hospitality projects in Azerbaijan;

● representing a foreign real estate investment firm in acquisition of a hospitality complex in Baku, including complex due diligence exercise;

● representing Caspian International Investment Company (an investment fund backed by Islamic Development bank and other Gulf investors) in relation to acquisition of a stake in a primary residential complex outside Baku, including limited due diligence checks, structuring of the transaction, drafting of acquisition documentation;

● representing a foreign fund in acquisition of land plots for subsequent development, including structuring and tax advice;

● representing a foreign buyer of a real estate holding company, including real estate due diligence checks and drafting sale and purchase documentation;

● representing an international financial institutions in financings of Azerbaijani enterprises, including taking mortgages over immovable assets;

● representing McDonald’s Azerbaijan in a real estate development project, involving construction of a shopping center and integration of the existing McDonald’s restaurant into the building of the center;

● representing McDonald’s Azerbaijan in expansion of its restaurant chain, including drafting and negotiation of commercial leases for new sites;

● representing a group of foreign investors in connection with construction of a hotel, including structuring of a purchase;

● representing a group of foreign investors in development of a residential area, including tax and structuring advice, buy-out of property for demolition purposes;

● representing a foreign company in purchase of the building and lease of the land plot in sensitive areas of the city (Old City);

● advising on numerous occasions on issues related to mortgages, lease and sale and purchases of real property in Azerbaijan.