Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Verny Capital to Build $300 Million Tower Complex in Astana

June 18 (Bloomberg) -- Verny Capital, the Kazakh manager of billionaire Bulat Utemuratov’s money, plans to spend $300 million to build a commercial and hotel complex in Astana, the country’s capital.

The Talan Towers project will include a 30-floor, 145-meter (475-foot) office building and a 26-story residential complex with a Ritz-Carlton hotel, Verny said in a statement distributed today to reporters in Astana, where’s it’s based.

The central Asian nation, which holds about 3 percent of the world’s oil and is the largest uranium supplier, moved its capital to Astana from Almaty in 1998. Verny manages about $4 billion of assets in industries from energy to telecommunications in countries including Kazakhstan, Kyrgyzstan, Russia and Austria, according to the company’s website.

Verny already owns hotels under the Ritz-Carlton brand, in Moscow and Vienna.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.