LEASE

Nairobi Gate bags another major tenant despite Covid constraints

The park expects to announce further lease transactions soon

In Summary
  • This follows significant leases signed with Ramco and Kentainers in 2020, prior to the outbreak of the coronavirus globally.
  • Nairobi Gate forms part of the larger Northlands Mixed Use Scheme, situated on the Eastern Bypass of Nairobi.

Logistics and warehouse park, Nairobi Gate, has announced the conclusion of a lease transaction with another major tenant, Bolloré Transport & Logistics Kenya Limited.

This follows significant leases signed with Ramco and Kentainers in 2020, prior to the outbreak of the coronavirus globally.

Developed by the Improvon Group in which Actis has an investment, Nairobi Gate forms part of the larger Northlands Mixed Use Scheme, situated on the Eastern Bypass of Nairobi.

The facility is suited to accommodate large international warehousing, distribution, and manufacturing businesses with agencies represented in east Africa, as well as large local businesses including specialised goods manufacturers of high-value items such as pharmaceuticals and medical equipment.

“We are very excited to welcome Bolloré Transport & Logistics as a tenant at Nairobi Gate. Despite challenges brought about by Covid-19, we’re expecting continued strong demand for our warehousing, distribution, and logistics facilities,” said Stefano Contardo, Group CEO of Improvon.

Nairobi Gate brings a ‘built to suit’ concept to Nairobi in response to the demand for grade A flexible distribution properties and is differentiated by good access, efficient circulation for trucks, generous loading facilities, multiple roller shutter doors and good height facilitating volumetric capacity for pallet storage.

“The Nairobi Gate Industrial Park meets our infrastructural standards from which we can continue to offer value-added inventory management services to our clients,” said Jason Reynard, Regional CEO of Bolloré Transport & Logistics in East Africa

Nairobi Gate expects to announce further lease transactions soon.