[Kenya] Africa Logistics Properties signs ten year industrial lease with Freight Forwarders Group
Africa Logistics Properties (ALP) has signed a 10-year lease for 14,000 square meters with Freight Forwarders Solutions Ltd (FFS), the contract logistics arm of the leading regional logistics group Freight Forwarders Kenya (FFK).
Freight Forwarders Solutions will occupy the entire first warehouse complex of 14,000 sqm at 'ALP North', Kenya's first international standard modern logistics and distribution complex of 50,000 sqm. Which ALP are currently constructing a site on Tatu Industrial Park.
The ALP complex will be operational by October 2018. The lease deal represents the largest industrial lease signed to date in Kenya.
"We are delighted to be supporting Freight Forwarders Solutions contract logistics business with our modern grade-A logistics warehousing complex, which will be the first of its kind in Kenya. As a first mover in our facility, FFS will have a competitive advantage in the contract logistics market, where they will benefit from lower per pallet storage costs, operational efficiency and lower operating costs due to our warehouse modern design and environmental features. "Said Toby Selman , CEO of Africa Logistics Properties (ALP).
Freight Forwarders Solutions Managing Director Ben Clay commented: "The Freight Forwarders (FF) Group has traditionally focused on inbound cargo, freight and transport services as well as project cargo into East Africa. This best-in-class contract logistics facility opens a new chapter in the History of FF and enables us to provide an end to end delivery capability. Kenya has been crying out for a development of this specification and ambition so we look forward to partnering with ALP on this and future builds of a similar standard. I am sure, this development will spark a lot of interest in both the logistics industry and the logistics market in the region. "
ALP is working with a number of leading international and regional companies seeking to improve their warehousing facilities, supply chain infrastructure and profit from improved cost efficiencies.