CONTACTS: +254 726879488 (Mobile)
+254770 455 116 (Office)
Warehousing and industrial developer ‘Improvon’ and the growth market private equity investor ‘Actis’ have partnered to launch Zambia’s first A-grade light industrial park.
York Commercial Park is set to be an ultra-modern logistics, warehousing and distribution park bringing a unique ‘built-for-you’ concept to Lusakain response to the demand for modern, flexible warehouse space with good access, circulation and loading facilities.
Mr. Louis Deppe, a partner at actis pointed out the shortage of A-grade, modern industrial and logistics space in Lusaka.
“York Commercial Park could not be better timed. We are delighted to partner with Improvon to deliver world class infrastructure and services to Zambia, combining Improvon’s warehousing and industrial development expertise with Actis’ track record of delivering top quality real estate in sub-Saharan Africa.” He added
The company is targeting both local and multinational companies with a unique business model of selling or leasing warehousing and light industrial units designed and constructed to clients’ own specifications.
In addition, the park will offer space for every size of business by introducing them in-unit format which will allow smaller companies to lock into modern and bespoke storage and warehousing facilities while larger businesses can consolidate multiple mini-units.
The Director Improvon, Mr. Stefano Contardo said that ‘building-for-you’ model virtually eliminates the construction work for would-be buyers and tenants in adapting premises to their needs,
“this service will cut the maintenance costs and also delivering bespoke facilities for leasing tenants by removing the need for heavy capital outlays.” He said
Another of York Commercial Park’s unique selling points is its strategic location six kilometers south of Lusaka’s Central Business District, on Kafue Road.
“Lusaka is widely considered as a pivotal distribution hub due to its positioning at the cross roads of the North-South and East-West Zambian road corridors which makes Lusaka the centre of the Sub-Saharan African logistics routes. The site itself is ideally located for businesses looking to break bulk before entering congested downtown Lusaka, or consolidate freight before accessing the rest of Zambia or Africa via major arterial routes and Lusaka’s nearby International Airport, “ added Contardo.
The park is being developed in two phases over five years and the park’s first 5,000 square meter building is complete and expected to be occupied in Q1 2016.
The site will be fully serviced with all infrastructure, including roads, paved areas, electricity, water, and the highest standard of security with monitored and controlled 24-hour access.It will provide rental warehousing for $4-$8 per square meter, or sell land from $100 per square meter.