Dias Mukushev, CPM, is a deputy director for Global Development LLP in Kazakhstan.
property initially imagined a shopping mall that would include
mass-market tenants alongside luxury retail when they took
over the property. However, mixing two different market segments in one project did not pan out. Within the first two years
of operation, the mall lost all of the mass-market retailers. Presently, part of the mall has been redesigned into office space, but
it has not met expectations.
The real estate market in Kazakhstan is still struggling to
develop professional expertise in many ways, but as these examples show, there is a new generation of managers willing
to take on economic volatility and find the best solution for
any property. With the support of new associations and a focus
on green development, the future of property management in
Kazakhstan is bright.
With the support of new associations
and a focus on green development,
the future of property management
in Kazakhstan is bright.