Before design
Demand, positioning and economics are resolved before costly decisions become fixed.
Commercial real estate • Central Asia
From market evidence to places that perform.
Strategy, concept, feasibility and leasing advisory for ambitious real estate.
89projects
8countries
$5B+investment volume
8M+ m²developed area
01What we change
Architecture is expensive. Wrong assumptions are more expensive.
CASE works before and alongside design—turning market evidence, project economics and user demand into a clear development brief. The result is not simply a report, but a decision system for investors, architects, leasing teams and operators.
One commercial logic
Research, concept, planning, tenant mix and feasibility reinforce the same strategy.
Built to execute
Recommendations become practical briefs, plans, leasing tools and opening priorities.
02Expertise
The commercial logic behind the physical place.
A connected advisory scope for retail, mixed-use, office, hospitality, residential and destination projects.
Market research & development analysis
Catchment, demand, competition, macroeconomics, customer behaviour and development potential.
Development strategy & concept
Positioning, product definition, programme, uses, phasing and commercially grounded concept direction.
Financial feasibility & business planning
Revenue logic, CAPEX/OPEX assumptions, scenarios, NPV, IRR, payback and investment decision support.
Functional planning & design brief
Area programme, zoning, adjacencies, circulation, floor-plan review and technical briefs for architects.
Retail strategy, tenant mix & leasing
Merchandising, anchors, unit strategy, rent logic, brand sourcing and lease-up direction.
Turnaround & repositioning
Asset audit, performance diagnosis, re-conceptualisation and phased commercial improvement.
Pre-opening & development advisory
Operating model, organisational priorities, delivery coordination and readiness for launch.
03Selected portfolio
Different places. The same discipline: evidence into performance.
Current CASE mandates and selected team experience across Central Asia and international markets.
04How we work
One chain of decisions—from evidence to execution.
Evidence
We establish what the market can support and where the opportunity is.
Commercial logic
We test size, uses, revenues, costs, risks and viable scenarios.
Concept
We translate the strategy into programme, zoning, planning and experience.
Activation
We align design, leasing, operations and pre-opening around the approved logic.
CASEPROPERTY
CASE Property
Strategy should reach the market.
Our transaction and leasing division connects advisory work with tenants, brands and occupiers—across shopping centres, street retail, offices, warehouses and market entry.
Talk to the leasing team05About CASE
Local intelligence. International development discipline.
Based in Tashkent, CASE Advisory supports developers, investors, landowners, brands and public-sector stakeholders across commercial and mixed-use real estate. Our team combines strategy, research, finance, leasing and sector-specific development expertise.
AS
01Aziz Shermukhamedov
Founder & CEOCommercial real estate strategy
AR
02Abdulaziz Rakhimov
Co-founderMacroeconomics & finance
HM
03Humoyunmirzo Mirkamolov
PartnerMarket research
MS
04Mirlaziz Saidov
AdvisorHospitality development
06Point of view
The questions that shape viable projects.
A trade area is not a radius
How mobility, barriers, competing destinations and purpose change real demand.
Why concept must precede architecture
A strong brief protects capital before geometry makes assumptions expensive.
Tenant mix is a financial model
Categories, adjacencies and anchors determine more than the leasing plan.
Start a conversation
Bring us the site, the ambition and the difficult questions.
We will help define the right decision path—whether the project is still an idea, already in design or needs a commercial reset.