Actis to build Sh11 billion warehouses
SEE ALSO :Actis to manage two former Abraaj fundsImprovon and Actis hope the construction of the first two warehouses will be completed in July next year, and that they will have filled the land in five years. Stefano Contardo, Improvon chief executive, said yesterday Nairobi Gate would target light industries, warehousing and distribution firms as clients. He said the industrial park would bring a unique “build to suit” concept, which has been necessitated by demand for modern, flexible and efficient warehousing facilities, to Nairobi. “The offices and warehouses can be customised with specific features upon tenant request,” said Contardo (pictured) when the two firms announced the investment plans in Nairobi. Actis Real Estate Director Koome Gikunda said Nairobi Gate would change the face of warehousing and logistics property, with firms migrating to better locations and combining to single facilities to achieve economies of scale and operational efficiency. “We bring something unique to the market, not just from a development point of view but also in our approach,” said Gikunda. The Nairobi Gate development will offer the latest in green design and sustainability practices that optimise natural light.
We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.