Park Palace business centre in Almaty
Park Palace is a seven-storey Class B+ office building on the corner of 41 Kazybek Bi Street and 26 Zenkov Street, in the historic central part of Almaty. The total area is 15,649 sq m and the lettable area 15,210 sq m. Its tenants include Citibank Kazakhstan and the European Bank for Reconstruction and Development. Below is what makes this address different for a tenant, where its strengths lie and where its limitations are, and what to check before signing a lease.
Other languages: Русский, Қазақша, 中文
Building details
- Building class: B+
- Address: улица Казыбек би, 41 / улица Зенкова, 26
- District: Медеуский
- City: Алматы
- Floors: 7
- Rent rate: 18 000 ₸/м²/мес, замер 2026-08-19
- Total area: 15 649 м²
- Rentable area: 15 210 м²
Notable tenants
- Ситибанк Казахстан
- Европейский банк реконструкции и развития
- ресторан Friuli
On-site amenities
- ресторан Friuli в здании
- кафе
- фитнес-клуб
- медицинский центр
- аптека
- магазины
- парк
- отель рядом
Similarly named building: По адресу Казыбек би, 41 в каталогах числятся сразу три объекта: работающий Park Palace (7 этажей, класс B+), строящийся БЦ «Hilton 5*» (14 этажей, класс A, ввод заявлен на 2026–2027) и обезличенная карточка «Казыбек би, 41». Park Palace — существующее здание, Hilton — новая башня на том же участке; это разные объекты с разной ставкой и разным сроком.
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There are no open listings for this building right now: owners do not publish every block.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.
- Помещение 400 кв.м. — 400 м², Алматы, 4 248 000 ₸
- трёхуровневый офис 590 кв.м. 3 500 000 тг — 590 м², Бостандыкский район , 3 500 000 ₸
- Офис 150 м2, 1400000 — 150 м², Бостандыкский, 1 400 000 ₸
- Офис 135 м2, 1300 000 — 135 м², Бостандыкский, 1 300 000 ₸
- Офис 90 м2 , 94500000 — 90 м², Бостандыкский, 94 500 000 ₸
- Офис 90 м2 , 650 000 — 90 м², Бостандыкский, 650 000 ₸
Other business centres nearby
See also: the Almaty business centre directory, Nurly Tau business centre, office rent in Almaty.
What the building is
The most notable characteristic of the property is the ratio of total to lettable area: 15,649 sq m against 15,210 sq m, that is, about 97% of the building is given over to letting. Losses to common areas are minimal. For a tenant this means paying almost only for what is actually used — unlike high-rise properties, where lift lobbies, plant floors and passages take a noticeable share of the chargeable area. All else being equal, such a ratio makes the actual price per square metre of working space lower than it looks on the price list.
On the number of floors there are no discrepancies — every description of the property gives seven floors. The brick wall construction and the nine parking spaces immediately by the building are noted separately. That last figure looks symbolic for a property of 15 thousand square metres: the building has no car park of its own, and this is the main practical drawback of the address. The centre, dense historic development, nowhere to leave a car — the parking question here is settled by city means and by arrangements rather than by the resource of the building itself.
The tenant mix is a strength of the property. Working in the building are Citibank Kazakhstan and the European Bank for Reconstruction and Development, and on the ground level the Friuli restaurant. The presence of the EBRD representative office and an international bank means that checks on security, power supply and access arrangements have been passed: such organisations do not move into a building that fails to meet their internal standards. Formally, however, the property is classified as B+ rather than A — a gap between the class of the building and the standing of its residents that is characteristic of Almaty and worth understanding when assessing the rent.
A separate difficulty of the address is a triple homonymy. Three different properties are registered at 41 Kazybek Bi: Park Palace itself, with seven floors and Class B+; the 14-storey “Hilton 5*” tower under construction, Class A, with a total area of 39,025 sq m, a rent of 22,500 ₸ and completion announced for 2026–2027; and an anonymous entry with no name. When searching for offers by address they are easy to mix up, and their terms are different. Before comparing rents, check the name of the property, the number of floors and the class — otherwise the parameters of a building you cannot yet move into will end up in the comparison table.
Infrastructure and engineering
The infrastructure around the address is dense and varied: the Friuli restaurant operates in the building itself, with cafés, a fitness club, a medical centre, a pharmacy and shops nearby, and a park and a hotel close at hand. For the central part of the city this is standard, but here the picture is unusually even: lunch, a business meeting outside the boardroom, accommodation for visiting partners and the everyday errands of staff are all settled within a short walk. The restaurant on the ground level is a working tool for a company that often receives clients.
The engineering is modest and described honestly: natural ventilation, central and local air conditioning, lifts, seismic resistance of 9 points. Natural ventilation for Class B+ is a substantial limitation, and it is the main technical question about the property. In the hot months the air quality deep inside the floor will depend on the local split systems rather than on an air handling unit. It is worth coming to a viewing precisely on a warm day and in the afternoon, assessing the air in the zone furthest from the windows, seeing how the windows open and whether they face the busy side of the street, and finding out who services the split systems and how often.
- natural ventilation
- central air conditioning
- local air conditioning (split systems)
- lifts
- seismic resistance of 9 points
- brick wall construction
- Friuli restaurant in the building
- cafés, shops and a pharmacy nearby
- fitness club and medical centre close by
- park and hotel within walking distance
Location and transport
The building stands at the junction of Kazybek Bi and Zenkov streets — in the historic central part of the city, where government institutions, banks and representative offices are concentrated. For a company to which the address matters as an element of business reputation and which has many meetings in the centre, this is one of the strong positions in Almaty: a significant share of counterparties turns out to be within a walk rather than a drive across town.
Walking access to the metro here is of a quality rare for the Almaty office market: about 19 minutes to Almaly station and about 15 minutes to Zhibek Zholy, with the distance to both stations around 1.5 km. In other words, staff have a genuine option of getting here without a car, and along two lines of approach at once. This noticeably widens the hiring geography and reduces the dependence of the office on a parking resource the building has almost none of.
The car side of the question is weak. Nine spaces immediately by the building for 15,210 sq m of lettable area do not cover the need of even one large tenant, there is no car park of its own, and all around is dense central development with city parking. The practical conclusion: before signing a lease, find out whether the owner has arrangements with the nearest car parks, whether spaces can be allocated to a unit and on what terms, and how entry is arranged for guests. And drive the route on a weekday morning: the centre at peak hours adds more to journey time than the map shows.
Who it suits and what to check when choosing a unit
The profile of the building is set by its residents. This is an address for financial organisations, international representative offices, legal and consulting firms, audit and accounting practices — that is, for businesses where the address is part of the price of the service and where being next door to an international bank and a development institution works as an argument in negotiations. Companies with a strong client function get both a representative image and the convenience of meetings in the centre here. For a team tied to car logistics or to a warehousing element, the property is a poorer fit.
The space on offer is small — 147.4 and 152 sq m on the fifth and sixth floors. There are no large vacant units in the building, and this indirectly confirms high occupancy: good properties in the centre do not stand empty. For a tenant there are two conclusions from this. If you need a compact representative office, the option works and you have to move quickly. If you need a whole floor for a growing team, this address should not be counted on as the main scenario; instead it is worth joining the waiting list and looking at neighbouring buildings in parallel.
What to check at a viewing. The air and the temperature deep inside the floor on a warm day — because of the natural ventilation this is the key point. Lift traffic at the morning peak: with seven floors and high occupancy the bottleneck becomes not the shaft but the entrance group. Access arrangements and security: being next to banking organisations usually means a stricter pass regime, and you need to understand how that will affect the flow of your clients. Finally, what exactly is included in the rent and what is paid on top — cleaning, security, climate maintenance, electricity.
Talk through the contractual part before rather than after the viewing: the lease term and the indexation arrangements, the conditions and notice period for an early exit, the security deposit, who carries out the fit-out and what happens to it on departure, responsibility for maintaining the climate equipment. Parking is a separate point: any verbal promises about spaces in the centre must turn into written terms, otherwise in six months they will stop applying.
What to compare before deciding
The rent at the property is stated at 18,000 ₸ per sq m per month, that is, 216,000 ₸ per sq m per year, and the service charges are not disclosed separately. Comparing buildings by that figure alone is the most common mistake. Count the full cost of a workplace: rent plus service charges, plus parking, which here barely exists and will have to be bought elsewhere, plus one-off investment in fit-out spread across the term of the lease. The high share of lettable area plays in your favour, the shortage of parking against you.
The second comparison is with the tower on the same site. “Hilton 5*” is announced as a 14-storey Class A property with a total area of 39,025 sq m, a rent of 22,500 ₸ and completion in 2026–2027. This is a different product, a different price and, above all, a different timeframe: the choice here is not between two offices but between moving into a working building now and waiting for completion for the sake of a higher class. If the team has a hard deadline for going on site, the question settles itself.
The third is how ready the space is. A unit with completed fit-out is more expensive in rent but requires neither a refurbishment budget nor months of downtime; space in shell condition is cheaper but adds the design, the approval with the management company and the works themselves to the move-in date. With compact units such as 147.4 sq m the difference in timing usually outweighs the difference in rent — a small office is not refurbished proportionally faster.
The fourth is the engineering bar. If stable air quality is critical for your team — a high density of desks, meeting rooms without windows, working with people all day — compare this property with addresses where supply and exhaust ventilation is stated, and treat the difference in rent as payment for a specific technical property. Such a comparison is more honest than an argument about the class of the building.
Questions and answers
What class are the offices in Park Palace and what is the area of the building?
Class B+, seven floors. The total area is 15,649 sq m and the lettable area 15,210 sq m, that is, about 97% of the building is given over to letting. Losses to common areas are minimal, which for a tenant means a more favourable actual price for working space.
Where is Park Palace and is it far to the metro?
Almaty, the corner of 41 Kazybek Bi Street and 26 Zenkov Street, Medeu district, the historic central part of the city. Almaly station is about 19 minutes' walk away and Zhibek Zholy about 15 minutes, with the distance to both stations around 1.5 km.
Does the building have parking?
Nine parking spaces are noted immediately by the building, and there is no car park of its own. For a property of this size this is the main practical drawback of the address. The possibility of allocating spaces and the arrangements with the nearest city car parks are clarified with the owner.
Who rents offices in Park Palace?
Citibank Kazakhstan and the European Bank for Reconstruction and Development work in the building, and the Friuli restaurant is on the ground level. The presence of an international bank and a development institution means that checks on security, power supply and access arrangements have been passed.
How does Park Palace differ from the property under construction at the same address?
Three different properties are registered at 41 Kazybek Bi. Park Palace is a working building with seven floors and Class B+. “Hilton 5*” is a 14-storey Class A tower under construction with a total area of 39,025 sq m, a rent of 22,500 ₸ and completion announced for 2026–2027. The third entry is anonymous.
How can I find out current availability and terms?
Owners do not publish some units openly, and the vacant space in the building is small and goes quickly. Send a request and we will collect the current options in the building and comparable offers in the centre of Almaty.
See also
ТОО «Nurly Tau Realty (Нурлы Тау Реалти)», БИН 171040029589, 050000, г. Алматы, Бостандыкский район, пр. Аль-Фараби, дом 15, н.п. 21г. Тел. +7 702 444 89 98, info@nurlytau.kz.