14 February 2006
Specialists from Egorov Puginsky Afanasiev & Partners Law Offices provided legal support to “ST New Holland Ltd.” – the winner of the tender for the reconstruction of New Holland Island, in St. Petersburg

The results of the investment-architectural tender for the development of New Holland Island, in St. Petersburg were made public today. The winner, “ST New Holland Ltd.” – a joint venture that brings together one of Russia’s largest developers, the company “ST Group” and a leading British architect, Lord Norman Foster – was especially created to work on this project. Legal support for “ST New Holland’s” participation in the tender was provided by the Law Offices of “Egorov, Puginsky, Afanasiev and Partners”.

The Law Offices of “Egorov, Puginsky, Afanasiev and Partners” would like to congratulate their partner – “ST New Holland” – on a victory won through complex pre-project work and fierce competition.

“We sincerely believed in the success of the project prepared by “ST New Holland” and we responsibly fulfilled the tasks that had been entrusted to us. Together with our client we are proud of this victory and we are certain that the realization of “ST New Holland’s” project will help strengthen St. Petersburg’s status as one of the worlds largest centers of culture and international communication,” – declared Dmitry Afanasiev – the member of the Partners’ Committee for the Law Offices of “Egorov, Puginsky, Afanasiev and Partners”.

Specialists from the law firm of “Egorov, Puginsky, Afanasiev and Partners” provided legal support for “ST New Holland Ltd.’s” participation in all stages of the tender: from the registration of the bid to the preparation of all documentation for the tender.

The winner of the tender, “ST New Holland”, intends to invest more than $300m. in the reconstruction of the island. The cosmetic reconstruction of all the island’s historical sites is set to take place over the course of four years. A festival center will appear in the very heart of New Holland – a first-class modern international complex with a concert hall and an open amphitheater. Also planned for the island is the construction of three hotels and spacious two-level underground parking facilities, as well as eight new bridges, which will link the island to the rest of the city.