Africa Logistics Properties Announces Launch of the ALP Industrial REIT

ALP REIT will be set up as a USD denominated Income Real Estate Investment Trust (I-REIT) and will be required to distribute at least 80% of its distributable income to investors. The ALP REIT will not only be the first USD issuance to list on the Nairobi Securities Exchange (NSE) but also the first industrial REIT in East Africa. The ALP REIT has also been admitted to the NSE’s Sustainable Finance Centre of Excellence, a program funded by FSD Kenya to support green issuances.