Africa Logistics Properties (ALP) has signed a long-term lease for 3,000 sqm of its flagship ALP North Logistics & Distribution Complex with Kensta, the largest regional print and packaging company in East Africa.
The Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East African countries (www.kensta.com). Since inception, Kensta, through its various investments has played a pivotal role in the East African printing and packaging industry and has been instrumental in changing the face of office automation and IT managed services in the region.
ALP has constructed Kenya’s first international standard grade-A logistics warehousing on two sites in Nairobi. ALP North, ALP’s first project, is a 50,000sqm logistics and distribution complex at Tatu Industrial Park in Northern Nairobi which completed in September. ALP West, ALP’s second project, has just completed the road infrastructure on its 49-acre site on the A104 highway to Limuru, with plans for a 100,000 sqm logistics and distribution warehousing complex.
It also demonstrates the degree to which the international quality and design of ALP’s distribution and logistics facilities are disrupting the traditional ‘godown’ warehouse market, which has long suffered from small, poor quality units that are not fit to support the kind of modern logistics operations needed by growing regional and international companies in East Africa.
ALP, which rents its modern warehouse units to occupiers on long term leases, has already leased over 20,000 sqm of its first two units at its ALP North warehouse complex. The final phase 3 unit of 20,000sqm, the largest warehouse in Nairobi, will be complete for occupation in May 2018 and is already 20% pre-leased.
The rapid rate of fill at the logistics park has been driven by features such as the high floor load bearing capacity, 12 m operating heights, and lower operating costs due to environmental features such as solar powered electricity. The ability to stack products up to 12 m high, alone, reduces overall warehousing costs by 30 per cent compared to traditional ‘go-down’ warehouses.
About Africa Logistics Properties
Africa Logistics Properties (ALP) is a specialist integrated property investment company that develops, acquires and owns class-A industrial and logistics properties in principal cities across Africa. ALP leverages its team throughout the region via a deep understanding of global customer and logistics demands, international best practices in warehousing design specifications, construction and property management along with local expertise in market dynamics, site selection and regulatory approvals. ALP is supported by global institutional shareholder investors. The company has developed Nairobi’s first international grade-A logistics warehousing park and has commenced its second park at ALP West in Western Nairobi.
ALP: email@example.com +254 714 954 103