• Location: Almaty, Kazakhstan
  • Client: BASE-MK
  • Destination: Almaty, Kazakhstan
  • Role: Involved in all aspects of the masterplanning, commercial planning and due diligence of BASE-MK's portfolio of sites, in preparation of a planned IPO

BASE-MK is the real estate development vehicle established specifically to optimise and develop an extraordinary and diverse portfolio of land and sites in and around Almaty, Kazakhstan. Fourth Street consultants were involved in all aspects of their masterplanning, commercial planning and due diligence, in preparation of a planned IPO.

"This Due Diligence document is the new standard to which all of our future IPO candidates will be held."
- Lead Analyst, Morgan Stanley

The BASE-MK portfolio in Kazakhstan, includes three large suburban residential sites, a number of prime sites in Almaty City Centre and a lakeside resort.  The client’s intention is to advance these projects through to planning consent and then finance delivery by means of a public Listing on a major stock exchange.

This involves the concurrent masterplanning of seven prominent sites by a design team of international pedigree, encompassing some 1.8 million square metres of gross development area. Among the sites is a 270k sqm mixed-use development adjacent to one of the main city squares; two commercial developments at the heart of the new financial district; two high end residential communities; and a large scale mid-market high density residential project with more than 5,000 units.   In parallel to this masterplanning work, three major investment banks accepted the invitation to act as joint bookrunners on the deal, each of which demanded the highest standard of Due Diligence.

Working directly to the company CEO, Dan Anderson co-ordinated all aspects of the project, including project management of the masterplans, business planning, procurement and procurement of specialist input (e.g. hotels, valuations, branding, etc.).  He also took responsibility for the whole Due Diligence process demanded by the bookrunners, producing detailed documentation on all aspects of the company, its portfolio, its strategy and the market.