Africa Logistic Properties

What Africa Logistic Properties does

Africa Logistics Properties (ALP) is a vertically integrated logistics real estate company headquartered in Nairobi, Kenya, that develops, owns, manages, and invests in institutional-grade warehousing across East Africa. Founded in 2016, ALP has developed over 70,000 sqm of IFC EDGE Advanced certified industrial space and serves 13 active tenants across e-commerce, floriculture, pharmaceutical, solar/renewable energy, and printing/manufacturing sectors. Its core service lines are (i) Develop, covering site selection, planning and permits, asset delivery, and build-to-suit construction; (ii) Manage & Lease, providing in-house facility management with security, utilities, maintenance, and tenant support; and (iii) Invest, through the ALP Industrial REIT listed on the Nairobi Securities Exchange on March 11, 2026 — East Africa's first industrial REIT and the NSE's first USD-denominated security.

ALP's business model combines recurring rental income from multi-tenant warehouse parks with capital-markets income from the listed REIT vehicle. Leasing is direct, sales-led, and quote-based, with units ranging from small-format (463 sqm at ALP West Kivu) up to build-to-suit facilities for larger occupiers. The REIT, which issued 30 million units at $1 each and was oversubscribed by 115.17%, provides USD-denominated, NSE-traded exposure to East African logistics real estate and is anchored by institutional capital from InfraCo Africa and the MOBILIST Programme. The development pipeline is supported by long-standing institutional investors including IFC, British International Investment, Maris Capital, Mbuyu Capital Partners, DOB Equity, and Sayani Investments, with cumulative funding exceeding $130M across private rounds and the REIT IPO.

The platform's differentiators are regulatory and operational rather than technological: a first-mover listed industrial REIT, EDGE Advanced environmental certification, in-house property management, and institutional governance. Revenue is concentrated in rental streams from a small but multi-vertical tenant base, with expansion signaled by new park deliveries (ALP West Kivu, Q2 2026) and broader East African geographic ambition beyond Kenya.

Name

Africa Logistic Properties

Legal name

Africa Logistics Properties Holdings Limited

Website

https://africawarehouses.com

Company type

Public

Founded year

2016

Operating status

Ipo

Headcount range

11–50 employees

Short description

Africa Logistics Properties develops, owns, manages, and invests in institutional-grade logistics warehousing across East Africa, serving e-commerce, floriculture, pharmaceutical, solar, and manufacturing tenants through grade-A industrial parks and the ALP Industrial REIT listed on the Nairobi Securities Exchange.

Ownership category

akta.pro rank

Product category

Industrial Logistics Real Estate

NAICS

Warehousing and Storage (493), General Warehousing and Storage (493110)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Industrial & Logistics Property Management (BPAJAGAC)

akta.pro secondary industry

Industrial & Logistics Real Estate Asset Management (BPAJAMAC)

Keywords

• Logistics warehousing
• Industrial real estate
• Warehouse leasing
• Property development
• Logistics infrastructure

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain, Others

Revenue model

1. Warehouse Leasing: ALP generates revenue through leasing modern logistics and industrial warehouse space to businesses across East Africa. Tenants include e-commerce, floriculture, pharma, solar, and printing companies.
2. REIT Income Distribution: The ALP Industrial REIT listed on the Nairobi Securities Exchange generates income through distributions to investors. The REIT offered 30 million units at $1 each, oversubscribed by 115.17%.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Africa Logistics Properties develops, owns, manages, and invests in institutional-grade logistics and industrial warehousing parks across East Africa. The company provides end-to-end warehouse development (site selection, planning, build-to-suit, long-term management), in-house facility management (security, utilities, maintenance, tenant support), and leases modern warehouse space to enterprise tenants across sectors. ALP also operates the ALP Industrial REIT, East Africa's first industrial REIT listed on the Nairobi Securities Exchange, offering USD-denominated investment exposure to the company's logistics property portfolio.

Product overview

Africa Logistics Properties operates as a vertically integrated warehousing and logistics real estate company offering three core service lines: (1) Development services that handle site selection, planning permits, asset delivery, and build-to-suit capabilities for institutional-grade logistics space; (2) Manage & Lease services providing in-house property management, security, utilities, maintenance, and tenant support; and (3) The ALP Industrial REIT, East Africa's first industrial REIT listed on the Nairobi Securities Exchange, providing USD-denominated investment access to the company's logistics properties portfolio. The company develops, owns, and manages modern warehousing parks across East Africa, with flagship properties including ALP West Kivu offering units from 463 sqm.

Differentiator

Problem solved

Functional benefit

Brands

• ALP Industrial REIT: East Africa's first industrial Real Estate Investment Trust, listed on the Nairobi Securities Exchange, providing investors access to USD-denominated logistics and industrial assets in Kenya.

Products and services

• ALP Industrial REIT USD-denominated Real Estate Investment Trust listed on the Nairobi Securities Exchange that provides institutional and sophisticated investors with access to East African logistics and industrial warehousing assets, offering recurring income distributions backed by EDGE Advanced certified institutional-grade properties.
• ALP West Kivu Modern logistics park offering 21 warehouse units starting from 463 sqm, located near Nairobi, designed for enterprise tenants requiring institutional-grade logistics and industrial space.
• Develop Services Comprehensive warehouse development services including land identification, site selection, planning and permits, asset delivery, and build-to-suit capabilities for customers requiring a facility built around their specific operations.
• Manage & Lease Services In-house facility management and warehouse leasing services, including security and access control, utilities and power provision, maintenance, and tenant support for businesses leasing space in ALP's parks.

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Grit Real Estate Income Group: Pan-African (Mauritius-listed) REIT investing in distribution warehouses, logistics, and industrial property across multiple African countries. Comparable to ALP as a listed vehicle providing investors access to African logistics real estate, though with broader geographic diversification.
• Equites Property Fund: JSE-listed REIT specializing in high-quality logistics and industrial properties in South Africa with selected UK exposure. Most direct comparable to ALP as a logistics-focused listed REIT with institutional-grade assets and developer capabilities.

Broad incumbents

• Growthpoint Properties: Largest South African REIT with a diversified portfolio including significant industrial and logistics assets across South Africa and selective African markets. Comparable as a large-scale industrial landlord with institutional governance, though substantially broader and more diversified than ALP.
• Attacq Limited: JSE-listed REIT with a portfolio spanning retail, office, and industrial/logistics properties primarily in South Africa. Comparable to ALP as a listed industrial property owner with mixed-use exposure, but operating at much larger scale and primarily in South Africa.
• Knight Frank (Africa logistics): Global commercial real estate advisor with significant African logistics and industrial property coverage including brokerage, valuation, and capital markets services. Comparable to ALP as an institutional-grade logistics property intermediary in Africa, though operating in advisory rather than ownership capacity.

Others

• Sanari Capital: Private equity firm focused on African growth-stage businesses including logistics and real estate. Comparable to ALP as an institutional capital allocator operating in the East African logistics and property ecosystem.
• Africa Infrastructure Fund Managers: DFI-backed infrastructure investors (including IFC) that have financed African logistics and industrial real estate alongside sponsors like ALP. Comparable as institutional capital partners aligned with ALP's funding base (IFC is a disclosed ALP backer).
• Actis (African infrastructure and real estate): Global private equity investor with significant African infrastructure and real estate investments, including logistics-adjacent assets. Comparable to ALP as a long-term institutional capital allocator backing African logistics real estate development.

Regional players

• Lighthouse Capital: Kenyan-focused property company operating commercial and industrial real estate in East Africa. Closest regional peer to ALP given shared Kenya footprint and institutional property positioning, though it focuses more on commercial offices than logistics.
• Vukile Property Fund: JSE-listed REIT focused on retail and industrial property in South Africa with growing pan-African exposure. Comparable to ALP as a listed property vehicle with industrial exposure, but primarily South African retail-led.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Africa Logistic Properties