During last month’s visit to Kenya, British Prime Minister Theresa May announced new UK investments in the country and on Thursday, the first of those came into fruition with the launch of Africa Logistics Properties’ new modern warehouse in Tatu City.
Joining Deputy High Commissioner Susie Kitchens at the launch were British Chamber of Commerce Kenya CEO Farida Abbass and Africa Logistics Properties CEO Toby Selman.
Welcoming the new investment from Africa Logistics Properties (ALP), Ms Kitchens said the vision “to create a Pan-African portfolio of modern warehouses that provides world class supply chain infrastructure will enable more international investment in Kenya to thrive.”
“You took risks when you started, speculatively and without pre-lets, but now you have 75% leased – an incredible start that demonstrates the demand for this facility, and an endorsement of your business model,” she added.
ALP CEO Toby Selman said that the this first modern warehousing facility in Nairobi will bring down the costs of storing products, encourage further private sector investments and create jobs.
According to Mr Selman, among the reasons he decided to bring his knowledge and experience to invest in Kenya were the enthusiasm of the next generation, the country’s growing economy and its positioning as a regional hub.
ALP currently have 71 acres of industrial-zoned sites located around key transport routes surrounding Nairobi where they are developing Nairobi’s first modern grade-A logistics warehousing. They have two projects: ALP West, a 49 acre site in Western Nairobi and ALP North, a 22 acre site at Tatu Industrial Park.
ALP North is Kenya’s first modern grade-A logistics and distribution park with 50,000 sqm of leasable space in Northern Nairobi on a 22 acre that is 25km North of Nairobi’s CBD. The site benefits from close access to both the Thika superhighway and Eastern Bypass.
ALP West is a modern grade-A industrial park in Western Nairobi on a 49 acre that is 25km West of Nairobi’s CBD. The site benefits from direct access on the the main Nairobi-Nakuru highway which is being upgrade to six lanes.