Wednesday, 10 April 2019 15:45

Kenya’s logistics market continues to grow

Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply, Broll Property Intel’s latest Kenya Logistics Snapshot Report reveals.

Africa Logistics Properties has today launched its first 49,000 sqm of modern grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased at a time when other segments of the commercial, retail and residential real estate market are struggling to achieve total occupancy of 75 per cent.

From 2000 to 2008 Nairobi’s added 72 000 square meters of retail real estate to East Africa’s largest commercial hub.

Broll East Africa has appointed two executives to Head Research and Occupier Services in the region.

Wednesday, 05 April 2017 14:36

Growth means less in Occupier Services

Although there is increased demand for space from international occupiers across Sub-Saharan Africa, these occupiers are looking for smaller but high quality floor spaces.

Located to the northwest of the Nairobi CBD, office developments in Westlands recorded average rental prices of $13.60/m2, with a 74% average occupancy rate in 2016 due to increased completed office developments under the letting process in 2015/2016.

Nairobi has ranked 10th in JLL’s fourth annual City Momentum Index (CMI) of the world’s most dynamic cities. It is the only metropolitan in Africa to be listed in the Global Top 30 of the world’s fastest-changing cities. 

Positive growth forecast for East African hospitality sector.

Nairobi: Garden City, East Africa’s first integrated residential, retail and office development, officially opened with the announcement of a new Business Park.

Group CEO of the Broll Property Group today announced the executive appointments of Gordon Bell as Director for Broll Africa operations in East Africa, and Brad Gee, as Managing Director of Broll Kenya with effect from 1 July. 

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