Pan-African fund, Actis is in a joint venture with Improvon to realize the development of a modern warehousing facility, Nairobi Gate Industrial Park, strategically located just 8km from Thika Road and 15km from Jomo Kenyatta International Airport.
The industrial park will front the Eastern Bypass with access from Thika Road puts the site within 25 minutes of the high-end residential areas of Runda, Muthaiga and Westlands. In addition, the park’s location will be just 30 minutes from the Inland Container Depot and the Southern Bypass.
The parks proximity to Kangundo and Githurai-Kimbo link roads will also allow access via public transport to the key middle-income neighbourhoods of Kayole, Umoja, Saika, Githurai and Kahawa.
Nairobi Gate Industrial Park will be targeting the expanding consumer markets of Nairobi and source markets in Central and up-country Kenya.
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Phase 1 of the project is approximately 100 acres. Nairobi Gate will be ultra-modern, combining tenants’ demand for state of the art logistics space with corporate offices. The park forms part of the larger Northlands Mixed Use Precinct, which will provide a desirable location for residential, commercial, public amenities and recreational use.
The park’s design include green spaces designed with indigenous landscaping, future-proof infrastructure designed for today’s large distribution companies, yards allowing large turning circles, volumetric capacity and ample parking.
Once complete, Nairobi Gate will add 204,386sqm total rentable area to the undersupplied industrial property market with warehousing units measuring 500 to 20,000sqm and heights of 9m and 15m.
The development will be a joint venture between Actis and Improvon. Actis is a major real estate investor in African real estate, with a portfolio spurning several countries including Kenya, Zambia and Ghana.
The fund has raised $13Bn raised since inception, and most recently in 2016 the Actis Real Estate Fund closed on its third fund with commitments totalling $500M. This is the largest private real estate fund targeting sub-Saharan Africa to date.
Also Read; Kenya Leads Industrial Property Market in East Africa
Improvon is a real estate investment company operating across sub-Saharan Africa with expertise in providing tenants with A-grade warehousing, distribution and logistics facilities built to clients’ specifications.
Impact North, the Improvon-Actis joint venture has a 480 Ha land bank across the continent and Nairobi Gate Industrial Park is the first development by Impact North in Kenya. The venture aims to offer Next Level Logistics with the project.
Nairobi Gate’s convenient location provides quick access to key logistics and transport hubs will increase your supply chain efficiency in the Nairobi Metropolitan Area. A recent research by Tilisi developments, established that warehousing shortage in Kenya was constraining economic growth.
Once complete, Nairobi Gate will add 204,386sqm total rentable area to the under supplied industrial property market with warehousing units measuring 500 to 20,000sqm and heights of 9m and 15m.
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