31.05.11
Scot Holland | CB Richard Ellis has announced the successful closing of a contract and signing of a Lease Agreement for new office premises for North Caspian Operating Company B.V. (NCOC) in Astana, Kazakhstan. The new premises have a total gross area of more than 1,000 sqm and are located in the “Lukoil” Business Center on the left bank of the river. Scot Holland | CB Richard Ellis was appointed by North Caspian Operating Company B.V. (NCOC) as the primary Advisor and Agent for this project.North Caspian Operating Company B.V. (NCOC) became the delegated operator of activities under the North Caspian Sea Production Sharing Agreement on 22 January 2009, in line with Agreements signed on 31 October 2008 between the Republic of Kazakhstan and the NCSPSA co-ventures (also named "Contracting Companies").
As delegated Operator of activities under the NCSPSA, NCOC defines and steers the overall strategy of the NCSPSA venture, ensures planning and coordination, manages geosciences and conceptual studies, and interfaces with stakeholders – in particular with the authorities. The search for new office premises was the first case of cooperation between Scot Holland | CBRE and North Caspian Operating Company B.V. (NCOC) on the territory of the Republic of Kazakhstan. Following the successful closing of the contract, the performance of the Scot Holland | CBRE team was highly commended by the Senior Management of the North Caspian Operating Company B.V. (NCOC), which expressed hopes for further mutually beneficial cooperation.
About CB Richard Ellis CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com and www.cbre.kz