Nairobi Gate development has secured two anchor lease agreements with one of Kenya’s largest tank suppliers, Kentainers.
The Ksh. 11.3 billion project which is a joint venture between Pan-African real estate investment fund Actis and South Africa’s Improvon, is set to be the largest logistics property in the country upon completion.
In 2019, Actis and Improvon created the ImpAct North joint venture to develop the b]ibdustrial business pact which sits on 40 ha of land.
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 industrial park is located along the Eastern Bypass with access from Thika Road and within 25 minutes of the high-end residential areas of Runda, Muthaiga and Westlands. Its location is also estimated to be just 30 minutes from the Inland Container Depot and the Southern Bypass.
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 industrial park will comprise of two buildings each covering 5,000 square metres in size.
According to research, the Kenyan property market is in short supply of top-grade industrial facilities. Most industrial space available is small-scale warehousing of substandard quality according to manufacturers, e-commerce companies and pharmaceutical suppliers.
The development is targeting the expanding consumer markets of Nairobi and source markets in Central and up-country Kenya.