Warehousing and distribution of merchandise in Zambia is expected to take a new turn.
York Commercial Park will be an ultra-modern logistics, warehousing and distribution park bringing a unique ‘built-for-you’ concept to Lusaka in response to the demand for modern, flexible warehouse space with good access, circulation and loading facilities.
“There is a shortage of A-grade, modern industrial and logistics space in Lusaka so 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.” said Mr. Louis Deppe, a Partner at Actis
The Park 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.
According to Improvon director Mr. Stefano Contardo their ‘building-for-you’ model virtually eliminates the construction work for would-be buyers and tenants in adapting premises to their needs, as well as cutting maintenance costs, and delivering bespoke facilities.
For leasing tenants, it also removes the need for heavy capital outlays.
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.
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.