Kaisar Plaza business centre in Almaty
Kaisar Plaza is a retail and office centre on the corner of Zheltoksan and Bogenbai Batyr streets, within the boundaries of the “golden square” of Almaty. The building is a young one, commissioned in 2017, but its present position is unusual: the property has been confiscated, transferred into state ownership and put up for auction three times in 2026, each time without result. For a tenant this is not an abstract news item but a factor that directly affects the planning horizon. Below is what is known about the building, where the sources disagree and what is worth asking about before signing a lease.
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Building details
- Building class: B+
- Address: улица Желтоксан, 115
- District: Алмалинский
- City: Алматы
- Year built: 2017
- Floors: 7
Available space
There are no open listings for this building right now: owners do not publish every block. We will put together options on request — send a request or browse offices in Almaty.
Offices nearby
These are office listings across Almaty, not units in this building.
- Офис 115 кв.м. — 115 м², Алматы, 1 050 000 ₸
- Офис 660 кв.м. — 660 м², Алматы, 9 900 000 ₸
- Офис на Аренду — 90 м², Алматы, 750 000 ₸
- Офис на аренду в самом престижном блоке Нурлы-Тау — 116 м², Алматы, 1 740 000 ₸
- Презентабельный офис в Аренду — 423 м², Алматы, 3 500 000 ₸
- Офис 107 м² в БЦ Nurly Tau: статус на проспекте Аль-Фараби — 107 м², Алматы, 1 100 000 ₸
Other business centres nearby
- NOMAD — Алмалинский district, class B
- Saba Plaza — Алмалинский district
- Карасай — Алмалинский district, class B
- Каратал — Алмалинский district, class B
See also: the Almaty business centre directory, Nurly Tau business centre, office rent in Almaty.
What the building is
The complex was commissioned in 2017 and stands on a corner plot of about 0.72 hectares, the lease rights to which are held until August 2030. The site is a conspicuous one: before the complex it was occupied by the 1954 building of the Gosplan of the Kazakh SSR, whose demolition once caused a public dispute between city campaigners and the developer. It is useful to know this, if only because part of the publications about the address relate not to the present building but to that conflict.
According to the developer’s materials the building is arranged as twelve levels: three underground floors are taken up by the car park, above them come eight above-ground floors and a ninth panoramic one. Hence the confusion over the number of floors in the catalogues — there is a separate section on that below. The façade is assembled on German energy-efficient SCHÜCO glazing systems, and the vertical transport is stated as twelve lifts and four escalators: for a retail-and-office format with a supermarket and public flows that is substantially more than in an ordinary office building of the same size.
Class B+ is stated consistently by the market descriptions and by the website of the construction contractor — Shatyr Leading LLP, which describes itself as the general contractor for the project. The building’s own site, kaisar-plaza.kz, could not be checked: it repeatedly returns a self-signed SSL certificate error both in the browser and when loaded programmatically.
Where the sources disagree: floors and area
For this building the discrepancies are large, and quoting only one figure would be dishonest. The number of floors: the market descriptions say seven, while a city directory and the state news agencies that published material on the auctions say nine. The developer’s materials, with their “eight above-ground plus a ninth panoramic”, are closer to the second version. The likely explanation is that the catalogues count only the office levels, without the retail and underground ones, but nowhere is this said outright.
The total area appears in three values: 56,402 sq m in the market descriptions, 56,140 sq m in the developer’s presentation materials and 63,920 sq m in the reports on the state auctions. The lettable area diverges even more sharply — 13,428 sq m against 29,926 sq m. A spread of almost two and a half times means that the sources are counting different things: most likely one of them counts only the office part and the other the whole commercial area together with the retail gallery.
The practical conclusion is simple: any figure for the area of a unit in this building has to be confirmed by a measurement and by a document, not by a listing. Discrepancies on this scale in the open data mean that the figures in individual offers will drift as well.
The building belongs to the state and has failed to sell three times
This is the main thing that sets Kaisar Plaza apart from its peers in the class, and it is worth understanding in advance. The property was confiscated from its former owner and in December 2022 transferred into state ownership as part of the asset recovery programme. The owner is the company that manages recovered assets; the building is under trust management, it continues to operate and its tenants are in place — according to several news agencies there are 53 of them.
In 2026 the property was put up for electronic auction three times, and all three times the auctions were declared void. In April the starting price was 61.5 bn tenge, in June it was cut to 54 bn and on 14 July to 47 bn tenge excluding VAT, with a deposit of more than 7.1 bn. Not a single bidder registered for any of the auctions. The independent valuation reported by the agencies came to about 44.5–44.7 bn tenge for the building itself plus some 2.8 bn for the land lease rights — that is, the market value turned out to be below the starting price. No more recent reports on the fate of the property after 15 July 2026 were found in open sources.
What this means for a tenant. While the building is under trust management, operations run as normal — that is confirmed both by the working tenants and by the occupied retail part. But the owner may change, and with it the policy on rents, access and the tenant mix. So in this building it makes particular sense to look closely at the term of the lease, the conditions for terminating it if the owner changes and the notice procedure. We deliberately do not give the names of private individuals or the details of the criminal case: a tenant does not need them in order to decide, whereas the fact that ownership has changed is needed.
Parking, engineering and what could not be confirmed
The car park is a strength of the property and at the same time another discrepancy between sources. The market descriptions give 296 underground spaces and 10 surface ones; the developer’s materials and the contractor’s website give 299 underground spaces over an area of more than 16 thousand sq m, which they call the largest car park in the “golden square”, plus 70 surface spaces. The order of magnitude is the same in both cases: for the city centre that really is a lot.
Of the engineering, seismic resistance of 9 points, central and local air conditioning, supply and exhaust ventilation and ceiling heights of 3–4 metres are confirmed. All these values come from one and the same body of market data, so they cannot be counted as confirmed twice.
Not found at all: the name of the architect or the design practice, the presence of a backup power supply, the typical floor plate area and any environmental certificates — neither LEED, nor BREEAM, nor the national OMIR is mentioned in the sources. If you have a server room or other equipment sensitive to outages, the question of backup power will have to be put directly to the operating service.
- underground car park for 296–299 cars, surface parking for 10–70
- central and local air conditioning
- supply and exhaust ventilation
- seismic resistance of 9 points
- ceiling height of 3–4 metres
- SCHÜCO glazing
- twelve lifts and four escalators
Who works here and what the building contains
The format is mixed, and the tenant mix shows it. The lower levels house a Magnum supermarket, a Costa Coffee coffee shop, the Basilika canteen-restaurant and the DAME jewellery shop. Among the office residents the sources name the company Transatlantik Almaty; the presence of large technology companies is also mentioned, but without names, so we do not reproduce them.
The figure of 53 tenants comes from the auction materials and is repeated in several publications. The city directories, meanwhile, show 38 entries at the address — the difference is a normal one: some tenants do not create a separate entry, and some entries belong to outlets in the retail gallery.
For a tenant the mixed format means two things at once. The plus: lunch, coffee, groceries and everyday services are inside the building and there is no need to go anywhere. The minus: outside flows in the common areas and the lifts are heavier than in a purely office building, and this is worth checking at lunchtime rather than at ten in the morning.
Location
The building stands in the “golden square” — historically the business district and the most expensive part of central Almaty. The nearest metro station, Almaly, is about 600 metres away, some eight minutes on foot; Zhibek Zholy is around fourteen minutes. The nearest surface transport stop is 86 metres from the entrance, at the junction of Zheltoksan and Tole Bi.
A location like this closes the question of accessibility for staff without a car and makes the address convenient for meetings: most of the banks, government bodies and business venues of the centre are a few minutes away. The flip side of the centre works here too — dense traffic at peak hours and a strained situation with visitor parking on the street.
A separate word about the address. Some catalogues list the property at 129 Bogenbai Batyr Street, while maps, directories and state publications use 115 Zheltoksan Street. It is one and the same corner building; when searching for listings it makes sense to check both variants, otherwise part of the offers will simply not appear in the results.
Strengths and weaknesses in day-to-day operation
The strengths of the building are the architecture and the interior, the Basilika canteen, which people call one of the best in the city, and the work of the administration. There are two weak points, and both hold up constantly: the difficulties with parking — you still have to catch a free space — and the sanitary condition of the lavatories. Some of the lifts, moreover, are periodically out of service. All three points can be checked at a viewing in half an hour, and they are worth checking.
The gap between a pleasant first impression and that list is typical here and is explained by the make-up of the flow: the complex is a mixed one, and a visitor to the retail part sees it differently from someone who spends a working day in the building. It is the second scenario that should guide you.
What to clarify before signing the lease
The list of questions for this building is longer than usual, and most of them are connected not with the quality of the property but with its legal status and with the discrepancies in the open data.
- who is currently acting as landlord and on what basis — trust management or another arrangement
- what happens to the lease if the owner of the building changes and how you will be notified
- the area of the unit by measurement and by document, not by listing
- how many parking spaces are allocated to the unit and how visitor passes are issued
- whether there is a backup power supply, if you have a server room or medical equipment
- the access regime in the evening and at weekends
- who services the lavatories and the common areas, and how often
Questions and answers
How many floors does Kaisar Plaza have?
The sources disagree. The market descriptions give seven floors, while a city directory and the publications about the state auctions give nine. The developer’s materials describe the structure as three underground parking levels, eight above-ground floors and a ninth panoramic one. The catalogues probably count only the office levels, but nowhere is this stated outright.
Who owns the building now?
The property was confiscated from its former owner and in December 2022 transferred into state ownership. The owner is the company that manages recovered assets; the building is under trust management and continues to operate as normal.
Is it true that there were attempts to sell the building?
Yes. In 2026 the property was put up for electronic auction three times: in April at a starting price of 61.5 bn tenge, in June at 54 bn and on 14 July at 47 bn tenge excluding VAT. All three times the auctions were declared void — not a single registered bidder. According to the agencies, the independent valuation came to about 44.5–44.7 bn tenge for the building and some 2.8 bn for the land lease rights, that is, below the starting price.
What parking does the building have?
An underground car park for 296 spaces according to the market descriptions, or for 299 spaces according to the materials of the developer and the contractor, plus surface parking for 10 or 70 spaces respectively. For central Almaty that is a large car park, but free spaces are regularly in short supply — the question of how many spaces are allocated to you is worth asking separately.
What amenities are there inside?
The building houses a Magnum supermarket, a Costa Coffee coffee shop, the Basilika canteen-restaurant and the DAME jewellery shop. In total, according to the auction data, the property has 53 tenants, while the city directories show 38 entries for organisations.
How can I find out available space and lease terms?
Rents for the building are not published in open sources, and the unit areas in the catalogues disagree with one another. Send a request and we will ask the operating organisation for current options and put together comparable offers in central Almaty. The search is free for tenants.
See also