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Residential and commercial real estate developer Purple Dot International Limited Tuesday broke ground for its Phase 5 project – six months after making a similar fete for the fourth phase of Graylands project.
The firm is developing a Sh700 million warehouse facility in Athi-River, Machakos, targeting companies seeking an alternative to the congested Nairobi’s Industrial Area.
The fifth phase will accommodate a total of 36, three-level units that will sit next to Graylands 4, which has will also be incorporated with additional top floor measuring 8,400 square feet each in the phase compared to previous phases averaging between 7,500 and 8000.
The fourth phase of the firm’s Graylands project saw the units go for Sh19.5 million each.
“We have adapted changes in this new phase as requested by our investors and tenants from phase 4. The additional third level can now accommodate a larger office area for operational and administrative use in the assembly and distribution warehouses,” said Purple Dot managing director Pravin Pindoriya, adding that Athi-River’s strategic location coupled with good infrastructural facilities such as road networks and electricity offers a viable ground for investors to set shop.
Over the last 8 years, the Board and Management team of Purple Dot International Ltd has successfully developed over 400 warehouses with over 4,000,000 square feet of light industrial space as well as iconic residential developments like Elina Residences, Serene Park Villas and upcoming Marigold Residency.
The company has over 400 investors under its belt.
The first three phases of the project that were completed between 2015 and 2018 in Athi-River, the company sold out 99-units of 7,750 square feet each with a combined value of Sh1.96 billion.
The Mombasa Road-Mlolongo-Athi River node has become popular with logistics and storage firms in recent years, due to the ease of branching out of the city towards the Mombasa Port.
The completion of the inland container depot in Syokimau has also made the area an attractive location for warehousing firms.