Industrial warehouses edge out residential, retail yields

Graylands Phase 1-7 warehouse complex that is owned by Purple Dot International. FILE PHOTO | POOL
 

As the rest of the real estate sub-sectors slugger back to profitability after a particularly tough year, investors who focused on modern industrial complexes are smiling all the way to the bank.

Players say that the rising demand is driven by improved business activity riding on the backbone of the Chinese-built ring roads around Nairobi and the promise of better rental yields from modern warehouses.

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