ADVERTISEMENT

Africa Logistics Properties signs Kenya's largest warehousing lease with regional freight leader

ALP’s modern warehousing complex will be Kenya’s first international standard logistics and distribution hub.

___7198309___https:______static.pulse.com.gh___webservice___escenic___binary___7198309___2017___8___24___14___go1

Africa Logistics Properties (ALP) has announced the signing of Kenya’s largest ever warehousing lease, with Freight Forwarders Solutions Ltd (FFS), the contract logistics arm of leading regional logistics group Freight Forwarders Kenya (FFK).

ADVERTISEMENT

FFS has signed a 10-year lease for ALP’s entire first Nairobi warehouse complex of 14,000 square metres, equivalent to the size of some of Kenya’s largest malls such as Galleria in Karen, Nairobi.

ALP’s modern warehousing complex will be Kenya’s first international standard logistics and distribution hub. It is currently under construction within the Tatu Industrial Park, Nairobi and will open in October 2018.

The hub will provide 50,000 square metres of prime modern warehousing facilities for international and local regional companies.

Shareholders of the logistics developer include CDC Group, the UK’s development finance institution, and IFC of the World Bank Group.

The leasing of ALP’s entire first phase complex comes amid a lack of grade-A modern international standard logistics facilities in Kenya, and rising costs for producers on inadequate facilities.

“Kenya has been crying out for a development of this specification and ambition."

“For the Freight Forwarders (FF) group, which is focused on inbound cargo, freight and transport services as well as project cargo into East Africa, this best-in- class logistics facility will enable us to provide an end-to- end delivery capability,"said Freight Forwarders Solutions Managing Director Ben Clay.

ALP’s management team, which has 40 years of experience in developing modern warehousing across emerging markets, and previously built 1.5m square metres of modern warehousing across Eastern Europe, is now working with leading international and regional companies across East Africa to improve their warehousing facilities, supply chain infrastructure and profit, from improved cost efficiencies.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Top 10 African countries with the highest economic prospects for 2023

Top 10 African countries with the highest economic prospects for 2023

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

ADVERTISEMENT