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Eurasia RED

Sector: Residential • Location: Kazakhstan

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_Eurasia Real Estate Development Ltd (ERED or the company) is a leading Kazakh commercial property development company which develops and leases high quality shopping malls and business centers throughout Kazakhstan. ERED currently owns an operational class B+ business center on the Manas-Satpayev street intersection in Almaty.The company’s near term plans include building two shopping cente

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The project “Eurasia RED” is an infrastructure initiative in the Residential sector, located in Kazakhstan. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

_x000C_Eurasia Real Estate Development Ltd (ERED or the company) is a leading Kazakh commercial property development company which develops and leases high quality shopping malls and business centers throughout Kazakhstan. ERED currently owns an operational class B+ business center on the Manas-Satpayev street intersection in Almaty.The company’s near term plans include building two shopping centers located in Almaty for a cost estimated at approximately $185 million. The shopping centers will also offer cultural as well as entertainment services. The project will consist of:- a 55,000 m2 shopping center on Raimbek Avenue, Almaty; and - a 100,000 m2 shopping center on Kulja Avenue, Almaty. These two developments will be implemented in a phased manner. The shopping center on Raimbek Avenue was about 60% completed as of September 1, 2008 and is expected to open in February 2009. The company is planning a 45,000 m2 extension of the shopping center on Raimbek Avenue project depending on the level of demand for retail space.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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