Tatu City Industrial Park has started reaping benefits from the growing demand for high-quality land for manufacturing, logistics and warehousing in Nairobi’s northern growth corridor. According to reports from Tatu City, Tatu Industrial Park’s first phase of 454 acres is already 80% sold out.
To meet the foreseen spike in demand, Tatu City’s owner and developer, has doubled the zone’s size by adding an additional 457 acres to the initial allocated space. Tatu City sit’s on 5,000 acres of land about 23 kilometres North West of the capital, Nairobi.
The Tatu Industrial Park, which is one of the largest industrial zones in East Africa currently hosts over 40 operational companies involved in representing over USD 500 million of investment in a key sector for Kenya’s economic development.
A recent survey by Tilisi properties on the state of warehousing in the country showed of the 56 companies surveyed in the Kenya, 16% had sought new warehousing in 2017/2018, with a rising proportion failing to find any solution.
The survey also established that almost a fifth of manufacturers in Kenya have lost sales in the past five years on a warehousing shortage that is getting worse. However, industry players including ALP, Actis and Rendeavour have heightened interest in the sector with a number of ongoing and planned projects.
Dean Shillaw, Head of Commercial Sales for Tatu City told PRNewswire that “Tatu City is able to deliver premium-grade industrial facilities suited to buyer’s requirements, on time and within budget. More than 50% of the roads in Tatu Industrial Park are now completed to asphalt standard. This, combined with the convenient location make Tatu City an unparalleled destination,” he added.
One of the country’s Vision 230 flagship project and a Special Economic, Tatu City provides investors with incentives such as reduced corporate taxes, customs and excise duty exemptions, VAT benefits, profit and capital repatriation at reduced rates, as well as enhanced intellectual property rights, among other benefits.