The ALP Industrial Real Estate Investment Trust (ALP Industrial REIT) recorded robust investor uptake ahead of its listing on the Nairobi Securities Exchange (NSE), highlighting increased market appetite for income-generating real estate assets.
The restricted offer, which opened on December 17, 2025 and closed on February 27, 2026, floated 30 million units at USD 1.00 per unit, with a minimum subscription of USD 100,000 and multiples of USD 10,000. ALP raised USD 29.55 million against a target of USD 30 million, translating to a subscription rate of 98.5%. The offer surpassed the USD 11 million subscription threshold required for it to deemed successful by 68.6%.
The overall subscription level rises to 115.17% when factoring in an additional USD 5 million commitment by InfraCo Africa Investment Limited to support a pipeline asset within the REIT portfolio. The promoter, Africa Logistics Properties Holdings Limited, described the outcome as a strong vote of confidence in the REIT’s investment proposition.
ALP Restricted Offer Unit’s Listing
Following completion of the offer process, refunds processing was slated for 5 March 2026, with settlement of bank guarantees expected by 9 March 2026. Units will be electronically credited to investors’ CDS accounts on 10 March, ahead of the anticipated listing and commencement of trading on 11 March 2026 on the NSE.
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