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About the Company

Samruk-Kazyna Real Estate Fund JSC carries out its activity since 2009. Being created to implement the tasks of Kazakhstan’s real estate market stabilization, the Fund during its activity has been successfully acting as the operator of real estate state programs.

In 2018, Development strategy for 2018-2028 was approved, within this strategy the Real estate fund transfers from the functions of the state program operator to rendering services in construction and real estate management for the group of companies Samruk-Kazyna JSC.

As such, on March 1, 2019, state re-registration of Samruk-Kazyna Real Estate Fund JSC was performed: name, legal address was changed, types of activities were added. New name is Samruk-Kazyna Construction JSC (hereinafter – Company).

Implementation of rental housing specific Nurly Zher State Program

  • The Company entered into agreements of investments in construction of 22 objects in 12 regions.
  • Total area of the Company on these objects is 646.9 thousand sq.m.
  • In 2018, 144.9 thousand square meters were commissioned.
  • At the end of 2018, financing of objects in the amount of 91.4 billion tenge was carried out.

Implementation of commercial housing specific Nurly Zher State Program

  • The Company entered into agreements of funding on 11 objects for total amount of 95.1 billion tenge, including the Company’s share – 75.9 billion tenge.

Implementation of Green quarter project

In 2018, the Company completed construction of objects for Green quarter project. The project consists of 10 housing, 3 commercial blocks and Podium where surface parking is located. All the objects are divided into 4 stages of construction. In 2018, the last stage 4 was commissioned – A class T4 and T4 business centers and Podium.

Buildings of Green quarter object were certified for meeting LEED (Leadership in Energy and Environmental Design) standards of US Green Building Council. Total estimated cost of construction as per the state expert review was 68.467 billion tenge. Total area of apartments is 49.260 m2, total area of commercial premises is 73,200 m2. The number of apartments in housing complex is 620 units.

Headquarters of Samruk-Kazyna JSC and most of the subsidiary organizations thereof are located in T4 and T5 business centers.

The "Green Quarter" project is the construction of residential, office, retail real estate, social infrastructure with a total area of ​​208,000 square meters with the use of advanced environmental and energy-efficient technologies. "Green quarter" is located near the shopping and entertainment center "Khan Shatyr" in Astana.

The architectural concept of the Green Quarter project was developed by the British company AHR. The project will have the shape of the city of the future and will become a bright, stable, ultra-modern and socially united residential community in our capital. The concept provides for the use of innovative green technologies - energy-efficient lighting, comfort technologies, separate waste collection, increased insolation due to intelligent design, reuse of sewage, combined extract and input ventilation with recovery, etc. On the territory there will be created an exclusive landscape design of the adjacent territory, a picturesque clean lake, a park with running and bicycle paths, a fitness center, a winter ice rink, a medical center, a children's center.

KEY PERFORMANCE INDICATORS

No

Strategic KPIs

2017

2018

in %

actual

plan

actual

by plan

by 2017

1

Commissioning of real estate, thousand sq.m.

140,8

617,2

515,9

84%

366%

2

Real estate implemented within rental housing specific Nurly Zher Program, thousand sq.m.

35,8

76,7

40,95

53%

114%

3

Utilization of funds within commercial housing specific Nurly Zher Program, billion tenge

15,5

12,8

20,2

158%

131%

4

EVA, billion tenge

-2,6

-2,9

-2,3

180%

190%

5

Net assets value (NAV), billion tenge

41,5

44,4

41,8

94%

101%

6

SDDS, billion tenge

0,3

5,4

3,8

71%

1199%

7

Net income, million tenge

3 837

2 775

5 437

196%

142%

8

Corporate governance score

BB

BB

B

 

 

Dividend Payment Information

On October 30, 2018, the Company paid dividends amounted to 1,151,138,100 tenge approved by the resolution of the Sole shareholder dated September 03, 2018, in accordance with the Dividend Policy of Samruk-Kazyna JSC concerning the subsidiary organizations. The amount of the dividend per ordinary share of the Company is 70.849989 tenge.