A developer accountable for the performance of the asset
ONIX DEVELOPMENT creates commercial real estate as a long-term working asset: from the idea and construction to management and yield.
How we work
ONIX DEVELOPMENT is a development company that treats commercial real estate as an asset: it has a service life, an income and a value. We combine three competencies usually split between different contractors: development, construction and asset management.
This structure changes how decisions are made. When the team that builds the asset also operates it, cutting corners on engineering or finishes stops paying off: the consequences come back as operating costs and tenant churn.
In parallel we are open to working with landowners, investors and owners of operating assets. The scope depends on the task: the full cycle, a single stage, or the management of an existing building.
Architecture as an asset
Spaces that work for the future
Principles
Four rules behind every decision, at any stage of a project.
Accountability for the outcome
We are accountable not for a single stage but for how the asset performs after completion. That is why early decisions account for operations.
Process transparency
The owner sees the budget, schedule, tender decisions and asset reporting. Changes are documented and justified.
Asset economics
Every architectural or engineering decision is tested against cost of ownership and its effect on rental income.
Quality of the environment
A building must work for the people inside it: light, air, wayfinding, shared areas and entrances.
How we run an asset
Six stages with clear deliverables and decision points.
- 01
Analysis
We study the site or building, its context, transport, demand and competition, and check planning constraints.
A report on the asset's potential and constraints
- 02
Concept
We build development scenarios with a financial model for each, then choose the format, class, functional mix and floor plate split.
The asset concept and its financial model
- 03
Design
We coordinate the design team, keep the design aligned with the concept and budget, and secure expert review and approvals.
Design documentation and permits
- 04
Construction
We tender the works, run the site, verify quantities, quality and schedule, and accept works and engineering systems.
A completed asset on budget and on schedule
- 05
Launch
We commission the asset, launch leasing and support fit-out and the move-in of the first tenants.
A commissioned asset and signed leases
- 06
Management
We run operations, tenant services, the cost budget, occupancy and reporting, and plan capital works.
Managed income and transparent reporting
Geography and competencies
Asset types
- Class A, B+ and B business centres
- Mixed-use complexes
- Community-format retail
- Industrial and logistics property
Engagement formats
- Full-cycle development
- Client-side management during construction
- Redevelopment of an operating asset
- Management of an owner's asset
Geography
- Astana — our own project in delivery
- Kazakhstan — assets and sites on request
- Site visits to assess potential
- The list of cities is to be confirmed
Documents and partners
This section will go live once the client provides actual documents, certificates and the partner list. We do not publish unverified materials.
Have a site or an idea to develop?
We will assess its potential, shape a concept and propose a delivery model