Sameer Africa has launched construction of a new Sh260 million industrial warehouse within its Nairobi complex as part of its expansion in the real estate business, which is its most profitable division.
The facility is slated to start operations by mid next year and is equipped with new technologies to increase efficiency.
“This facility has been crafted to align with our tenant’s distinct needs, encompassing considerations in size, layout, features and functionality,” said Mr John Mugo, the managing director of Sameer Africa.
The company’s rental business is its most profitable unit, mitigating losses from tyre distribution. Sameer reported a net profit of Sh24.2 million in the half year ended June, down from Sh67.6 million a year earlier.
Sameer says the property situated along Mombasa Road includes 15MVA of installed electricity power capacity, high-speed fibre connectivity, ample utility water and a dedicated in-house property management team ensuring seamless operations. – Business Daily
