Africa Logistics Properties (ALP) has signed a 10-year lease for 14,000 square metres with Freight Forwarders Solutions Ltd (FFS), the contract logistics arm of the leading regional logistics group Freight Forwarders Kenya (FFK). Freight Forwarders Solutions will occupy the entire first warehouse complex of 14,000 sqm at ‘ALP North’, Kenya’s first international standard modern logistics and distribution complex of 50,000 sqm. which ALP are currently constructing at a site on Tatu Industrial Park. The ALP complex will be operational by October 2018. The lease deal represents the largest industrial lease signed to date in Kenya.
“We are delighted to be supporting Freight Forwarders Solutions contract logistics business with our modern grade-A logistics warehousing complex, which will be the first of its kind in Kenya. As a first mover into our facility, FFS will have a competitive advantage in the contract logistics market where they will benefit from lower per pallet storage costs, operational efficiencies and lower operating expenses due to our warehouse modern design and environmental features.” said Toby Selman, CEO of Africa Logistics Properties (ALP).
Freight Forwarders Solutions Managing Director Ben Clay commented: “The Freight Forwarders (FF) group has traditionally focused on inbound cargo, freight and transport services as well as project cargo into East Africa so this best in class contract logistics facility opens a new chapter in the history of FF and enables us to provide an end to end delivery capability. Kenya has been crying out for a development of this specification and ambition so we look forward to partnering with ALP on this and future builds of a similar standard. I am sure this development will spark a great deal of interest in both the logistics industry and the logistics market in the region.”
ALP is working with a number of leading international and regional companies seeking to improve their warehousing facilities, supply chain infrastructure and profit from improved cost efficiencies.
About Africa Logistics Properties (ALP)
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 was founded in 2016 by Toby Selman and strategic investor Maris. 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. ALP is supported by global institutional shareholder investors. The company is currently developing Nairobi’s first international grade-A logistics warehousing parks as part of its overall pan-Africa roll-out strategy.
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