Africa Logistics Properties enters into a 10-year lease in Kenya with Freight Forwarders Group
The integrated property investment company, Africa Logistics Properties (ALP) has signed a 10-year lease with Freight Forwarders Solutions Ltd (FFS), the contract logistics arm of the leading regional logistics group Freight Forwarders Kenya (FFK).
August 28,2017: The integrated property investment company, Africa Logistics Properties (ALP) has signed a 10-year lease 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 at a site on Tatu Industrial Park. The ALP complex will be operational by October 2018. The lease deal represents the largest industrial lease signed till 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 into our facility, FFS will have a competitive advantage in the contract logistics market where they will benefit from lower per pallet storage costs, operational efficiencies and lower operating expenses due to our modern warehouse design and environmental features,” said Toby Selman, CEO of Africa Logistics Properties.
Freight Forwarders Solutions Managing Director Ben Clay said, “The Freight Forwarders (FF) group has traditionally focused on inbound cargo, freight and transport services as well as moving project cargo into East Africa. So 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 lots 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.