ALP launches warehousing facility for small businesses in Kenya
Africa Logistics Properties (ALP) has launched $6 million warehousing facility for small businesses in Kenya. Since its inception, ALP has raised $150 million to fulfill its purpose of constructing modern grade A warehouse facilities in East Africa with $50 million of this apparently already invested in Kenya.
ALP completed its first facility, ALP North in 2019, measuring 5,40,000 square feet. The company said that this facility is already 75 percent occupied. The company’s second project, ALP West will measure more than 1 million square feet.
The ALP West facility sits on an expansive 49 acres that comprise of seven phases. Currently, phase I is already 20 percent pre-leased and is targeting small to medium-sized enterprises (SMEs) seeking modern storage facilities with a minimum let of 5,300 square feet.
The rest of the phases will be dedicated to larger enterprises that will operate from grade A warehouses that allow users to operate logistics at international standards, which is on-demand by both local, regional and international companies.
“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.
ALP stated that it is currently in discussion with various local, regional and international companies, who own land in various parts of the Eastern African region to either develop or upgrade their warehouses and factories on their behalf, through sale and leaseback options or through a pre-determined lease agreement.