Support of development greenfield and brownfield projects
The law prohibits the location of production in residential buildings. Therefore, a manufacturing company needs to competently approach the selection of real estate for the location of a new production. DTK Partners specialists will help you comply with legal regulations and find the right premises.
What are greenfield and brownfield projects
A greenfield development project is the purchase of a new building plot to accommodate production.
Legal support for a greenfield project includes:
- choice of region (based on a favorable investment climate);
- legal review of the site;
- resolving issues related to the creation of a legal entity and hiring personnel;
- support of the transaction for the purchase of a site;
- verification of design documentation;
- registration of ownership of the constructed object;
- post-investment legal support (environmental issues, insurance, dispute resolution).
In contrast, a brownfield development project is a process of purchasing an existing industrial premises for conversion into its own production.
The implementation of a brownfield project requires the following legal support:
- checking the legal purity of the object (absence of encumbrances, rights of third parties);
- checking the possibility of re-registration of the object taking into account the customer’s ideas;
- support of the transaction for the purchase of premises;
- risk analysis when implementing the idea;
- settlement of land legal relations (lease, redemption, re-registration of land under the object).
- Features of greenfield and brownfield projects
The choice of the type of project remains with the customer. But first you need to consider:
- Amount of financial costs. Construction of a new facility will not always cost more than refurbishment of a ready-made one. However, this issue needs to be studied individually and analyzed.
- Time costs. It is difficult to say in advance what will take more time: searching for a suitable ready-made industrial site or building from scratch.
- Legal purity of the transaction. Ownership of a finished object may not be obtained through legal means. As was customary in the Russian Federation in the 90s of the last century. But a new plot of land may also have a number of legal problems.
- Risks associated with downtime. In old industrial zones, as a rule, there is no single manager who is responsible for maintaining utility networks. Therefore, in the event of a breakdown, downtime may occur. When constructing a new facility, problems may arise due to mistakes made.
Assistance from DTK Partners in support of development projects
Thus, there is no single solution to choose a greenfield or brownfield project. Each situation must be considered individually.
In Moscow and beyond, the legal agency DTK Partners will come to your aid.
The cost of services is set depending on the volume of services. Our specialists do not impose unnecessary services, so you pay only for the necessary work.
