A Sh. 11.5 billion park that is being set up at the Kenyatta family’s Northlands City in Ruiru is set to be completed next year. The industrial park, dubbed Nairobi Gate Park, is being developed by Improvon, which is an industrial property developer.
“Some SA companies have established themselves there (in Kenya) already and can be tenants for our development. Kenyan businesses understand English, they are dollar-based and the market is not too competitive so we can do good work there,” he was quoted saying in South African media. “We have found that while SA struggles and looks slightly sketchy, other parts of the continent are looking more attractive. Kenya stands out for many reasons.”
The park will be on land that has been acquired by ImpAct, which is now providing all of the infrastructure around Nairobi Gate.
“Northlands City proponents are also eyeing development of commercial and residential areas estimated to cost Sh. 500 billion to accommodate 250,000 workers daily within the next two decades. Eastern and Western bypasses had earlier been expected to be expanded at a cost of Sh40 million within three years once the National Environmental Management Authority gives a nod. Northlands City, a mega urban development comprising of residential, industrial and commercial units, will accommodate an estimated 250,000 people working and living within its boundaries,” says a report that appeared in the Daily Nation on Tuesday.
The Nairobi Gate industrial park will be located just 8km from Thika Road and 15km from Jomo Kenyatta International Airport. It will front the Eastern Bypass with access from Thika Road puts the site within 25 minutes of the high-end residential areas of Runda, Muthaiga and Westlands. In addition, the park’s location will be just 30 minutes from the Inland Container Depot and the Southern Bypass.
Phase 1 of the project is approximately 100 acres. Nairobi Gate will be ultra-modern, combining tenants’ demand for state of the art logistics space with corporate offices. The park forms part of the larger Northlands Mixed Use Precinct, which will provide a desirable location for residential, commercial, public amenities and recreational use. Once complete, Nairobi Gate will add 204,386sqm total rentable area to the undersupplied industrial property market with warehousing units measuring 500 to 20,000sqm and heights of 9m and 15m.