Warehouse solutions provider and operator Africa Logistic Properties (ALP) is constructing its second complex at Tilisi in Kiambu County. It will be completed in October.
Chief executive Richard Hough said the development was informed by commitments for 55 percent space uptake from five clients in sectors such as ICT, food and beverage, logistics and from the fast-moving consumer goods.
“A multinational third-party logistics provider has shown interest for approximately 538,100sqft (5,000sqm) in the second phase of ALP-West (Tilisi). We expect demand to ramp up significantly toward the completion date of phase one in October 2020.
The company, which raised Sh6 billion via the sale of equity for its Kenya warehousing business entry and a further Sh2.65 billion via debt three years ago, said Tilisi’s Phase One development will stand on 10 acres with future developments on their remaining 39 acres set for implementation based on demand.
Mr. Hough said the development, known as The Courtyard, and measuring 86,100squre feet will be available for lease starting at a minimum space of 5,300 square feet (500sqm).