Africa Logistics Properties Holdings Limited, the industrial real estate developer founded by British-born entrepreneur Toby Selman, has received regulatory approval to list East Africas first U.S. dollardenominated industrial real estate investment trust REIT in Nairobi.
Kenyas Capital Markets Authority has cleared the establishment of the ALP Industrial Real Estate Investment Trust as an income REIT, paving the way for a restricted offer to professional investors. Once listed, the trust will become the first dollar-denominated security to trade on the Nairobi Securities Exchange NSE and the regions first listed industrial REIT.
A first for Kenyas capital markets
