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Dollar godown property fund taps Sh3.8bn in restricted offer
ALP has two warehouse properties in Limuru’s Tilisi and Tatu City in Kiambu. The extra investment by InfraCo will raise the total proceeds to Sh4.46 billion ($34.5 million).
African Logistics Properties (ALP) dollar-denominated warehouse property fund has raised Sh3.81 billion ($29.5 million) following the close of a restricted offer, narrowly missing its target of 3.87 billion ($30 million).
However, one of the backers of the fund, InfraCo Africa Investment, has committed to invest an additional Sh646.1 million ($5 million) in the acquisition of an unnamed property by the fund.
