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The Private Infrastructure Development Group (PIDG) has approved an investment to anchor the upcoming ALP Industrial Real Estate Investment Trust (ALP Reit), sponsored by Africa Logistics Properties Holdings Ltd (ALPH), marking a significant milestone in the development of Kenya’s institutional-grade industrial real estate sector.
Through its project development solution, InfraCo, PIDG has committed to invest up to $15 million (Sh1.95 billion) as an anchor investor in the ALP Reit, subject to regulatory conditions and the successful completion of the ongoing capital raise.
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