Integrated property and logistics investment company, Africa Logistics Properties (ALP) has launched its second warehousing project, ALP West for a total investment of Ksh 652.8 million.
The ALP West facility sits on an expansive 49 acres that comprise seven phases and will measure more than 1million square feet. Phase one is already 20 percent pre-leased and is targeting small to medium-sized enterprises (SMEs) seeking modern storage facilities with a minimum let of 5,300square feet.
ALP completed their first facility, ALP North in 2019, measuring 540,000 square feet; this facility is already 75 percent occupied.
In under 4 years since its inception, ALP has raised $150 million dollars or Sh16.3 billion to fulfil its purpose of constructing modern grade A warehouse facilities in East Africa with $50m of this already invested in Kenya.
“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. This is focused on industry and retail warehousing, commodity warehousing, cold storage, and E-Commerce,” said ALP’s CEO, Richard Hough.
