- providing our shareholders with stable dividend yield and potential for growth

$2.2m annual dividends
10K sqm GLA, $22 rate

About REIT ONE

REIT ONE is a regulated investment fund (the FUND) established in the Astana International Financial Centre (AIFC).

Launched in August of 2023 it is the first Real Estate Investment Trust in AIFC.

Investment Objectives: income and growth via investments in office properties and other leasable real estate.

The FUND invests in rental income generating properties with high levels of occupancy and quality tenant mix with sustainable business models.


The Fund Manager

The FUND is managed by Provident Fiduciary Ltd., a private fund manager registered and licensed in AIFC. Established in 2020 Provident Fiduciary Ltd. had launched several Exempt Funds. Currently it manages 4 funds, with 3 of them being REITs.

Please find more information on the fund manager on its web site – https://fiduciary.kz/

Contact us
Block
Management of the fund



KEY METRICS


Operating performance

m KZT 4Q23 1Q24 2Q24 3Q24 4Q24 2024
Occupancy 100% 100% 100% 100% 100% 100%
Rental/Lease revenue 244,1 196,4 305,4 398,2 322,5 1 222,5
Aver monthly rate KZT/sqm w VAT 6 541 5 264 8 185 10 673 8 644 10 922
NOI 216,2 164,7 253,5 341,9 257,6 1 017,7
Dividends 192,6 219,9 268,2 286,7 253,7 1 028,5

~100% DIVIDEND PAYOUT RATIO

(regulations require REITs to pay out at least 80% of net income and allow to use up to 20% for various reserves related to maintenance of the FUND’s investment property)

Dividends - KZT/share

* Lower dividend amounts for the months of October and November of 2024 reflect capital expenditures related to upgrades of existing air conditioning and ventilation systems, as well as expenditures for technical audit services of the fund's property.




CORE PROPERTY

Office building «Fortis»

The FUND is being formed around its core asset - an office building named «‎Fortis»‎.
It is an 8-story, Class B+ office building with GBA of 13,500 sqm and GLA of 10,500 sqm. «‎Fortis»‎ commenced its office space lease operations in 2021.

It is located in the prestigious part of Almaty city, with close proximity to major city throughways and community centers. Well-situated between the city's residential district and the central business district.

The building boasts a whole-floor open-space design, and an open terrace located on its top floor, offering a 360-degree view of the city and a spectacular view of the nearby mountain range and green parks. The building provides its tenants with 24/7 access to its facilities, including adjacent large car parking area and sizeable underground parking area. The top floor of the building offers a potential of becoming a central venue for tenant community, entertainment and socializing area.


Key Tenants

“Evrika” Company” LLP – retail distribution of consumer electronics and mobile devices.
“Industrial and medical solutions” LLP and “SOS Kazakhstan” LLP – health care service
“It-logistics Group” LLP - telecommunications industry
“Mariana Mobile Kazakhstan Limited” LLP – mobile devices distribution
“QALANKZ” LLP – education for children using innovative methods
“Imperator” LLP – yoga center for ladies
MOST IT HUB Almaty Limited – venture capital financing, coworking center

Ventas Employee Gathering and Party

Investment is available to qualified investors only

The shares of the FUND can be marketed and sold only to Professional Clients

Every investor must qualify as a Professional Client, Deemed Professional Client, or Assessed Professional Client. Here are the key high-level guidelines for quick self-assessment – you might qualify as:

1. an Assessed Professional Client –
a) as an Individual Client (Natural Person) with net assets of at least $100 000 (one hundred thousand) of investable assets or portfolio of assets held directly or indirectly, excluding the value of the primary residence, AND have sufficient experience and understanding of relevant Financial Products, Financial Services, Transactions and any associated risks. Individual Client will undergo an assessment process that will be conducted by Provident Fiduciary Ltd. - the Fund Manager. The Fund Manager will collect and analyze the data, including but not limited to: ID, Passport, CV, residence address confirmation, asset ownership titles, pension account statement, bank and brokerage accounts statements, and etc.
b) as an Undertaking (Entity) which possesses own funds (liquid assets funded by equity and/or accumulated as retained earnings) of at least $1 (one) million. For undertakings (entities) the Fund Manager will require – incorporation documents, ownership structure, ultimate beneficiaries’ and senior management’s documents (ID, Passport, CV, residence address confirmation), structure of affiliates and subsidiaries, corporate governance manual, organizational structure, treasury and investment department policies and procedures, financial statements, bank and brokerage accounts statements, a statement on a “good standing” of the business, a list of active legal suits, and etc.

2. a Deemed Professional Client – a Larger Undertaking (entity) meeting at least two of the following criteria: total assets of at least $20 (twenty) million, annual turnover of at least $40 (forty) million, possessing own funds (liquid assets funded by equity and/or accumulated as retained earnings) of at least $2 (two) million;


Open Interest


ASK

Lot # Price $ / share # of shares / lot Lot value, $ # of lots Total value, $
1. 26.00 1,000,000 26,000,000.00 1 26,000,000.00
TOTAL 26,000,000.00


BID

Lot # Price KZT/share # of shares Lot value, KZT
- - - -

*) Rules for placement of ASK and BID orders.

  1. You can place ASK order only against the shares you own. Until your order is matched and settled or canceled we will keep the number of shares specified in the order blocked from any transactions thant might triggger transfer of title for the shares. When we receive a matching BID against your ASK order we eill process the settlement automatically - sahres will be transferred to a buyer, the transaction price will be wired to your bank account.
  2. You can place BID order only with the funds deposited with us as we will process any matching BID - ASK orders automatically. In order to deposit funds with us for a potential BID order you must become our client by completing Client Classification, KYC and onboarding procedures.






FAQ

Who can invest?
REIT ONE is registered as an Exempt Fund. In accordance with paragraph 2.2 of the AIFC rules on “Collective Investment Schemes”, Exempt Fund is a Collective Investment Scheme the Units of which are Offered in the AIFC only by way of a private placement and only to Professional Clients with a minimum subscription amounts of 50,000 US dollars.
Who is a Professional Client?
AIFC Conduct of Business rules No. FR0005 (COB), provide the following definition of a Professional Clients:
a) clause 2.4.1. (j) of the COB: a Larger Undertaking (entity) meeting at least two of the following criteria: total assets of at least $20 (twenty) million, annual turnover of at least $40 (forty) million, possessing own funds of at least $2 (two) million;

b) an Assessed Professional Client –
(i) clause 2.5.6. of the COB: if the Undertaking possess own funds of at least $1 (one) million,
(ii) clause 2.5.1. of the COB: as an Individual Client (Natural Person) as per COB 2.5.1. if Individual Client (Natural Person) has net assets of at least $100 000 (one hundred thousand) of investable assets or portfolio of assets held directly or indirectly, excluding the value of the primary residence, AND to have sufficient experience and understanding of relevant Financial Products, Financial Services, Transactions and any associated risks.

More information about the requirements of the AIFC towards classification of Professional Clients can be found at the following link - Conduct of Business Rules - 2. Client Classification .
Can I invest in the Fund's shares as a Retail Investor?
Being a Retain Investor you can invest in the Fund’s shares:
a) indirectly through a professional market participant (investment and pension funds, insurance companies, banks, broker-dealers, investment companies, etc.), or
b) by submitting a personalized recommendation of a licensed investment advisor along with the contract for investment advisory services.
What is the minimum amount for investment?
The minimum amount for investment by a single client is $50,000 US dollars (the AIFC Collective Investment Scheme Rule 2.2 towards Exempt Fund can be found here
How to sell the Fund's shares?
A holder of the Fund's shares sends a redemption request to the Fund Manager, who will offer shares to other shareholders of the Fund, or in the absence of interest from shareholders to other current and potential clients of the Fund. If the Fund Manager is unable to sell shares to third parties within 30 days of the redemption request, the shares will be purchased on the Fund's balance sheet.
What properties does the Fund own?
As of March 3, 2025, REIT ONE owns one real property – an office building named Fortis, located at 27 Ergozhin street of Almaty city.

Key characteristics:
Grand leaseable area – 10,500 sq.m.
Occupancy rate: 100%
Office building classification: B+ Website: http://www.reitone.fund
Who are the key tenants of the property?
The major tenants in the building are:
MOST IT HUB Almaty Limited – venture capital financing, coworking center
“Evrika“ Company” LLP – retail distribution of consumer electronics and mobile devices.
“Industrial and medical solutions” LLP and “SOS Kazakhstan” LLP – health care service
“It-logistics Group” LLP - telecommunications industry
“Mariana Mobile Kazakhstan Limited” LLP – mobile devices distribution
“QALANKZ” LLP – education for children using innovative methods
“Imperator” LLP – yoga center for women
The Fund has a substantial risk of concentration on one tenant on MOST IT HUB. This company rents out 41% of the gross leasable area.
How is the property managed?
The property is managed by:
- a Fund Manager, Provident Fiduciary Ltd., responsible for maintaining accurate accounting records, as well as participates in the implementation of investment strategies and management of the Fund's trading activities;
- a Property Manager, ___ Property Management Ltd., – responsible for the day-to-day maintenance, repairs, security and care of the property.
What taxes are imposed on shareholders' income received from holding or disposing shares of the Fund?
According to clause 7 of the article 6 of the Constitutional Law on AIFC, effective through January 1, 2066 - individuals and legal entities are exempt from paying individual and corporate income taxes on income received in the form of:
- dividends, and
- capital gains
on the shares or stakes in authorized capital of entities registered in accordance with the acting law of the AIFC, or on shares in the authorized capitals of participants-legal entities, registered in accordance with the current law of the AIFC.
Does the Fund plan to purchase other real estate assets?
Yes, the Fund considers investments in real estate assets in the medium and long term.
Who is the Manager of the Fund? What experience do the employees of the Fund Manager have?
The Fund is managed by a licensed company - Provident Fiduciary Ltd. (please check the license here) The Fund Manager's employees have significant experience in the investment field. To learn more about the Fund Manager, please visit its web page https://fiduciary.kz
What are the advantages of investing in REITs?
- portfolio diversification;
- a simple and comprehensive business model (real estate is leased, the income received from the rent is distributed among shareholders);
- providing stable income in form of consistent dividend payment (REITs must distribute at least 80% of its income among the Unitholders);
- transparency (shareholders receive periodic reports on the Fund's performance and operations);
- AIFC tax regime (zero tax on dividends and capital gains).
Is it possible to donate or bequeath shares of the Fund?
Yes, provided that the receiving party meets the AIFC’s requirements towards Professional Client, or that party receives an investment advice from a licensed investment advisor.
Where are the Fund's securities stored?
The recoreds of the securities are kept by the independent Registrar of AIFC Exchange - Astana International Exchange (AIX).
Is the property insured?
The property is insured against technogenic factors and natural disasters. The total insurance coverage amount is __ billion tenge.
What is the value of the Fund's share?
The estimated Net Asset Value of the Fund's share is posted on the Fund Manager's website https://fiduciary.kz
Please note that NAV is a calculated value that might be used as a guide for determining the value of the Fund's share. It is based on various assumptions, particularly those related to the Funds property, which may differ materially from your estimates.
How often are dividends paid?
The Fund's Constitution defines that the dividends are paid on a monthly basis. For historical data please refer to the dividend payment schedule above.
How much can I earn?
The Fund provides a combination of stable income and moderate growth. On the income side the Fund targets a dividend yield to the placement price at around 10 to 12% (Fund's rental revenue is indexed to the US dollar on semiannual basis). As per the growth - the Fund's value of shares should appreciate with a steady growth in property rental rates.
Please note that your total future return from the Fund's shares mostly depends on the capacity of tenants to pay the rent, which in turn depends on many factors, including prices for major resources (oil and minerals), RUB-USD-KZT exchange rate fluctuations, the fiscal and monetary policy of the state, the economic situation in the country and in the world and much more. Ultimate profitability also depends of the Fund Manager's capacity to run the operations of the Fund in an effective manner.


Contact Us


Contacts

Addresses

REIT: Astana city, 55/20 Mangilik El av.
office 325, Block 4.1
Property: Almaty city, 27 Yergozhin st.

E-mail

info@fiduciary.kz