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Originally published by The Standard Business
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January 20, 2026
1d ago

Investment group commits Sh2b for new industrial real estate investment trust

Investment group commits Sh2b for new industrial real estate investment trust

The new ALP Reit is the first industrial Income Reit (I-Reit) in East Africa, pioneering the use of the tax-efficient instrument in Kenya’s industrial real estate sector...

✨ Key Highlights

The Private Infrastructure Development Group (PIDG) has committed to invest up to $15 million (Sh1.95 billion) to anchor the upcoming ALP Industrial Real Estate Investment Trust (ALP Reit), sponsored by Africa Logistics Properties Holdings Ltd (ALPH). This move is set to significantly boost Kenya's institutional-grade industrial real estate sector.

  • The ALP Reit, approved by the Capital Markets Authority in December 2025, is East Africa's first industrial Income Reit (I-Reit).
  • The ALP Reit began issuing units on December 17, 2025, to finance its seed assets, including 35,000 square metres at ALP North Park in Tatu City and 20,000 square metres at ALP West Park in Tilisi.
  • ALPH Chief Executive Raghav Gandhi stated the ALP Reit will provide investors with "stable, USD-denominated returns" and increase confidence for institutional investors to diversify into infrastructure.

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