Prime

Sameer targets higher rental income with new warehouse

Tuesday, August 06, 2024 - 3 min read

Sameer officials during the Infill project groundbreaking event for a 260 Million Purpose Built Industrial Warehouse at Sameer Africa PLC Head office in Nairobi in November 2023.

Photo credit: File | Nation Media Group

By Edna Mwenda

Business Reporter

Nation Media Group

Sameer Africa has signed up a tenant for a new warehouse it is building at its Mombasa Road land, expanding its real estate business which is its most profitable division.

The industrial facility, whose construction started last in November last, is expected to boost rental income by an additional eight percent.