Nairobi Gate developers have signed two landmark lease agreements with Kentainers Limited, a Joint Venture Company between Aquasantec International and Ramco Group.
The first deal inked is for a two-acre lease including a 3,000m2 purpose-built factory with a warehousing component. The second transaction will see Kentainers acquiring another two-acre tract of land that will house office buildings, and a client collections centre.
Mr. Nikhil Shah, Managing Director of Kentainers spoke during the signing ceremony and said that operating from the Nairobi Gate will ultimately benefit their customers through quicker deliveries and combining their manufacturing, warehousing, and administrative functions in one precinct.
“Quicker turn-around and easier access to the city and areas outside Nairobi will not only improve the customer experience but will be more cost effective to operate in the long-run,” said Mr. Nikhil Shah.
Nairobi Gate Industrial Park
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 is ideally 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 as well as specialised electronics and engineering components. The construction of the industrial park is expected to be complete in ten months.
The Sh 11.3bn 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. Built on 100 acres of land, phase one of the Industrial Park will comprise in excess of 200,000 m2 under roof once completed.
