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The complex will be located in the northern part of Almaty, near the Big Almaty Ring Road (BAKAD), with direct access to the Almaty–Konaev–China highway. The facility will become part of the rapidly developing Alatau City, which is being positioned as a digital, technology, and logistics hub.
Construction will be carried out in two phases. The first phase, covering 62,700 sq. m., is scheduled for completion in the third quarter of 2027.
The project is expected to create approximately 1,000 jobs, attract foreign direct investment, and strengthen the logistics infrastructure of the Almaty metropolitan area.
The logistics park will be located adjacent to the manufacturing and logistics facilities of leading international FMCG companies. This strategic location will enable tenants to reduce transportation distances, optimize supply chains, and improve the efficiency of their logistics operations.
According to Aibol Rakhimbayev, Head of the Entrepreneurship and Industrial-Innovative Development Department of the Almaty Region, the project will reinforce the region's position as one of Kazakhstan's key logistics hubs while supporting investment inflows and enhancing its transport and logistics potential.
According to market participants at IBC Global, the Almaty region accounts for approximately 60% of Kazakhstan's high-quality warehouse stock and remains the country's largest logistics hub.
In 2025, the region recorded a historic high in new warehouse deliveries, with approximately 320,000 sq. m. of new space entering the market. This resulted in an increase in the vacancy rate from 4.9% to 5.6%, while average rental rates adjusted to approximately USD 120 per sq. m. per year.
At the same time, Kazakhstan's supply of modern warehouse space remains significantly below that of more developed markets, leaving considerable potential for new logistics and industrial development projects.
According to the EDB, its partnership with Griffin Partners is aimed at developing modern logistics infrastructure across Central Asia and aligns with the Bank's strategy of strengthening Eurasia's transport and logistics network.
For its part, Griffin Partners expects the new logistics park to attract leading national and international companies while contributing to the continued development of Alatau City and Kazakhstan's market for high-quality warehouse real estate.
EDB and Griffin Partners Launch a Class A+ Warehouse Complex Project
The Eurasian Development Bank (EDB) and international developer Griffin Partners have signed a cooperation agreement to develop warehouse real estate in Central Asia. Their first joint project will be the construction of the Griffin Logopark Almaty, a Class A+ logistics complex with a total gross floor area of 125,400 sq. m. The project represents an investment of approximately USD 125 million.
A New Logistics Hub
The complex will be located in the northern part of Almaty, near the Big Almaty Ring Road (BAKAD), with direct access to the Almaty–Konaev–China highway. The facility will become part of the rapidly developing Alatau City, which is being positioned as a digital, technology, and logistics hub.
Construction will be carried out in two phases. The first phase, covering 62,700 sq. m., is scheduled for completion in the third quarter of 2027.
The project is expected to create approximately 1,000 jobs, attract foreign direct investment, and strengthen the logistics infrastructure of the Almaty metropolitan area.
Focus on Tenants and Logistics Efficiency
The logistics park will be located adjacent to the manufacturing and logistics facilities of leading international FMCG companies. This strategic location will enable tenants to reduce transportation distances, optimize supply chains, and improve the efficiency of their logistics operations.
According to Aibol Rakhimbayev, Head of the Entrepreneurship and Industrial-Innovative Development Department of the Almaty Region, the project will reinforce the region's position as one of Kazakhstan's key logistics hubs while supporting investment inflows and enhancing its transport and logistics potential.
Warehouse Real Estate Market Continues to Grow
According to market participants at IBC Global, the Almaty region accounts for approximately 60% of Kazakhstan's high-quality warehouse stock and remains the country's largest logistics hub.
In 2025, the region recorded a historic high in new warehouse deliveries, with approximately 320,000 sq. m. of new space entering the market. This resulted in an increase in the vacancy rate from 4.9% to 5.6%, while average rental rates adjusted to approximately USD 120 per sq. m. per year.
At the same time, Kazakhstan's supply of modern warehouse space remains significantly below that of more developed markets, leaving considerable potential for new logistics and industrial development projects.
A New Stage in Logistics Infrastructure Development
According to the EDB, its partnership with Griffin Partners is aimed at developing modern logistics infrastructure across Central Asia and aligns with the Bank's strategy of strengthening Eurasia's transport and logistics network.
For its part, Griffin Partners expects the new logistics park to attract leading national and international companies while contributing to the continued development of Alatau City and Kazakhstan's market for high-quality warehouse real estate.