Verny Capital to invest $300 million in the construction of Talan Towers in Astana, Kazakhstan (KZ)

Verny Capital announced that it will invest $300 million (approx. €224 million) into the construction of Kazakhstan’s first environmentally sustainable building complex, meeting LEED standards.

Designed by Skidmore, Owings & Merrill LLP (SOM), the building will feature two towers; one of which will house Kazakhstan’s first Ritz Carlton Hotel and residential apartments. The two towers will be connected by a bridge featuring three stories of luxury retail space, a spa and fitness center. Construction is expected to be completed in 2016.

Erlan Ospanov, CEO of Verny Capital Group said: “This building will elevate the standard for construction in the city of Astana. We hope that Talan Towers will serve as an example for all commercial and residential development projects in Kazakhstan going forward.

“I’m confident that we will see some of the world’s leading companies take advantage of the premier office space the building has to offer. The Ritz Carlton Hotel is known throughout the world for its exceptional quality, and our residential space will follow suit.

“The entire project team wishes to extend thanks to Astana’s local authority for the opportunity to construct such an inspiring building.”

Imangali Tasmagambetov, Governor of Astana said: “I believe Astana is home to some of the world’s most interesting modern architecture. The construction of Talan Towers will add to an already impressive cityscape that Astana offers.

“Sustainability is fast becoming an incredibly important part of our lives, and I hope to see more buildings in our great city incorporate energy efficiency and focus on becoming more environmentally friendly. This is of particular relevance to us as a nation, as we look forward to hosting the Expo in 2017, focusing on ‘Green Technologies’ ”

Source: Verny Capital

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