Africa Logistics Properties (ALP) has developed a warehousing facility which is worth S653.1 million in Limuru. The new development will enable businesses in Kenya to have a more enhanced facility for storage and warehousing.
It is reported that Africa Logistics Properties’ facility is housed on a sprawling 49 acres comprising seven phases. In recent months, there has been an increase in demand for warehousing, especially with the protracted pandemic affecting supply chains. Africa Logistics Properties Chief Executive Richard Hough, told the media, “The foundational approach we are taking is a demonstration of our commitment to a long-term investment in meeting Kenya’s warehousing and logistics demands.”
The logistics company is in talks with several local, regional and international companies to develop or upgrade their warehousing facilities. The first phase of the warehousing facility is already 20 percent pre-leased. It mainly targets small and medium sized enterprises that require modern storage facilities with at least 5,300square feet space.
The remaining phases of the facility will be provided for larger enterprises operating from grade-A warehouses. These warehouses usually allow users to operate logistics in line with international standards, a local media reported. Hough added “At ALP, we aim to build high-quality logistics warehouses for our clients to meet their increasing need for greater services and amenities in a mushrooming East Africa urban environment.
”Since inception, the company has raised $$150 million to realise its vision in developing grade-A warehousing facilities in East Africa. It is reported $50 million as part of this vision is already invested in the country.