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Sectors

Commercial real estate: an asset built to tenant requirements

A commercial asset is not built in the abstract but to the requirements of specific operators and tenants. Those requirements change during delivery as a matter of course, and the project has to absorb it.

What is specific

What governs the project

What distinguishes a commercial asset is that its final requirements are set by tenants and operators, and some arrive during construction. Project management here is largely change management: how to absorb those requirements without losing the date or the budget.

Our sector experience. Delivered and current projects: the Al-Bulak residential complex with shopping and entertainment centre (Bishkek) and the Komatsu full-cycle service centre (Astana).

Risks

The governing risks in this sector

Each of these risks is closed by a specific management function.

Operators' layout and services requirements firm up after construction has started.

Residential, retail and service scopes carry different design logic, different codes and different handover sequences.

Without formal change control, changes are executed on site and enter certificates without cost assessment.

The opening date is announced to tenants in advance and cannot move as freely as a construction date.

Services for this sector

Shall we discuss your project?

Tell us about the asset and the current stage — we will propose a working format and team composition. A commercial proposal follows within five business days of the meeting.

We reply within 1 business day. A commercial proposal follows within 5 business days of the scoping meeting.