Nairobi Gate Industrial Park, the first Special Economic Zone (SEZ) with a fully consolidated customs-control area in East Africa, has launched a one-of-a-kind manufacturing and warehouse park for the textile and apparel industry in Kenya.
With its modern, flexible workspaces and landscaped courtyard areas, the newly completed, Grade A ‘Garden City Business Park’ in central Nairobi, Kenya, is attracting large multinational companies, including the likes of East African Breweries which is a subsidiary of Diageo, one of the world’s largest producers of spirits and beer, says Kunaal Samani, MD of Pam Golding Properties Kenya.
The total wealth held in Africa rose by a modest 14% over the past 10 years (2008-2018) with three of the largest economies on the continent, South Africa, Egypt and Nigeria performing poorly on most economic indicators according to the AfrAsia Africa Wealth Report 2019, released today by Mauritius based AfrAsia Bank.
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply, Broll Property Intel’s latest Kenya Logistics Snapshot Report reveals.
It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.
London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the period ending 31 December 2018, despite challenging retail market conditions.
Africa Logistics Properties has today launched its first 49,000 sqm of modern grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased at a time when other segments of the commercial, retail and residential real estate market are struggling to achieve total occupancy of 75 per cent.
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