The Private Infrastructure Development Group (PIGD) has given the greenlight to a USD 15 million investment as an anchor investor in the upcoming Africa Logistics Properties Industrial Real Estate Investment Trust (ALP REIT), sponsored by Africa Logistics Properties Holdings Ltd (ALPH).
The investment, made through PIDG’s project development solution, InfraCo, marks a major milestone in the development of Kenya’s institutional-grade industrial real estate sector.
Following approval from the Capital Markets Authority (CMA) on December 8, 2025, ALP launched a restricted offer of 30 million units in the ALP Industrial REIT at USD 1.00 per unit, targeting to raise USD 30 million to fund Grade A logistics assets in Tatu City and Limuru.
The offer, which opened on December 17, 2025, closes on February 27, 2026, and is available exclusively to professional investors, with a minimum subscription of USD 100,000. Units are set to be listed and begin trading on the Nairobi Securities Exchange (NSE) on March 11, 2026.
ALP CEO on the USD 15 million Investment
Commenting on PIGD’s investment, Africa Logistics Properties Holdings Chief Executive Officer Raghav Gandhi stated that the issuance of USD-denominated returns by the ALP REIT is expected to increase institutional investor confidence in the infrastructure asset class, while supporting the expansion of Kenya’s industrial real estate sector.
By building confidence, it is anticipated that the Africa Logistics Properties REIT will unlock untapped pools of investment from pension, mutual, and life funds, supporting the growth of Kenya’s industrial real estate sector.
“Having anchored the establishment of REITs for affordable housing in Nairobi, PIGD is familiar with the REIT structure, and we know that it works. We are delighted to expand this expertise into the industrial real estate sector by supporting Africa Logistics Properties to develop its REIT.” – Claire Jarratt, PIGD Head of Investment Management for InfraCo.
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