Returned Assets Management Company Initiates Auction for Office Previously Owned by Bolat Nazarbayev

The "Returned Assets Management Company" put up an office space in the center of Almaty for auction. Previously, it belonged to Bolat Nazarbayev, Nursultan Nazarbayev's brother, who passed away. 

The building, which has an area of 1700 square meters and a plot of land of 0.4 hectares, is located in the city center in the Bostandyq district. It was built in 1953 and completely renovated in 1997.

The location of the property is very advantageous, as it is in the very heart of Almaty, in its immediate administrative, commercial and cultural center, which in turn makes this property even more attractive and advantageous. Elite and cultural universities of the country are located practically within walking distance to the property, the property appraisal report says. 

The cost of a two-story office building is 1.8 billion tenge. The territory has a garage, parking, trees, and a lawn. 

The interior design features monograms and patterns engraved on the walls and ceilings, marble floors, gilded stair railings, and massive chandeliers. 

Documents specify that BN Invest Capital LLP, created in 2019  and founded and directed by Bolat Nazarbayev, bought this building in the same year. 

The company still exists today but not by name. In February 2023, a certain Kuat Akhmetov became the sole stakeholder (founder) of the LLP. Having become the new owner, he renamed the LLP to DBS-Trade Company and seven months later sold (or transferred) the company to a new founder - Ferman Asratov. 

The company advises clients on commercial activities and management. Public sources indicate that the LLP is registered in this building.

The upward bidding starts today. The starting price is 1.8 billion tenge.

Original Author: Ilya Astakhov