News

The Strategic Consulting and Valuation Department of Scot Holland | CB Richard Ellis has completed the preparation of an Analysis of the office market segment of Karaganda, as well as a Valuation of the HQ building with recommendations on the selling strategy for «ArcelorMittal Temirtau» JSC.

The Market Analysis and Valuation reports were requested with the purpose of making an internal managerial decision regarding the sale of the HQ building to a potential buyer.

“ArcelorMittal Temirtau” JSC is the largest company on the metallurgical market of Kazakhstan, operating an integrated complex including its own coal mines, iron ore deposits and power supply sources. The parent organisation - ArcelorMittal, – is the largest metallurgical company in the world registered and headquartered in Luxembourg, controlling approximately 8% of the world steel market.

“ArcelorMittal” is a global corporate Client of CB Richard Ellis, however the preparation of the Market Analysis and Valuation reports was the first service provided to this Client by the local CBRE office in Kazakhstan.

The Client was highly satisfied with the level of the reports prepared by the Strategic Consulting and Valuation Department of Scot Holland | CBRE, and prepared a Recommendation Letter expressing gratitude for the quality of the services provided.