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PIDG Anchors East Africa’s First Industrial REIT with $15M Investment
The Private Infrastructure Development Group (PIDG) recently approved a landmark investment. This funding will anchor the new ALP Industrial Real Estate Investment Trust (ALP REIT).
Africa Logistics Properties Holdings Ltd (ALPH) sponsored this project. Consequently, this move marks a major milestone for Kenya’s industrial sector.
A Strategic Financial Boost
PIDG committed up to USD 15 million through its project arm, InfraCo. This investment remains subject to regular conditions and a successful capital raise.
To begin with, the Capital Markets Authority approved the ALP REIT in December 2025. Furthermore, this trust represents the first industrial Income REIT (I-REIT) in East Africa. It pioneers the use of tax-efficient instruments in the local market.
PIDG Anchors East Africa’s First Industrial REIT with $15M Investment
Expanding Modern Infrastructure
The ALP REIT began issuing units on 17th December to finance its initial assets. These seed assets include ALP North Park in Tatu City and ALP West Park in Tilisi.
Together, these sites offer 55,000 square metres of modern space. Moreover, these facilities hold IFC EDGE certification. Therefore, tenants enjoy better productivity and superior inventory management.
New facilities will join the I-REIT once they stabilize. In addition, Raghav Gandhi, CEO of ALPH, noted that the REIT provides stable, USD-denominated returns. He believes this will increase investor confidence in the infrastructure asset class.
Building Investor Trust
Claire Jarratt of PIDG also expressed her enthusiasm for the project. She mentioned that PIDG already understands the REIT structure from previous housing projects. Thus, the group is happy to expand this expertise into the industrial sector.
Ultimately, the ALP REIT aims to unlock new investment pools. This includes funds from pension, mutual, and life insurance providers. As a result, the initiative will continue to support the long-term growth of Kenya’s industrial real estate.
About PIDG
PIDG is an innovative infrastructure development group. It mobilizes private investment for pioneering projects in sub-Saharan Africa and Asia.
About Africa Logistics Properties (ALP)
ALP is a specialist property investment company. It acquires, develops, and manages Grade-A industrial real estate across East Africa.
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