Nairobi Business Park

Region

East Africa

Country

Kenya

Sector

Real Estate

Deal type

Office development

Investment date

2006

Exit date

2015

Status date

Realised

Office space goes upmarket

Nairobi is the gateway to Kenya and East Africa. The city is the economic hub of the region, thronging with both multinational corporations and African companies.

The Nairobi Business Park (‘NBP’) is a flagship office complex in the suburb of Karen. It is a prime, low-density complex with 100% occupation and is widely considered to be the best office park in East Africa. A new development plan added five new buildings, 15,300m² of office space to the existing park and the expansion includes restaurants, a fitness centre and convenience stores.

As with all our developments, Actis’ Responsible Investment team worked with their real estate colleagues to ensure environmental measures were incorporated into the extension. For example, indigenous trees were retained and rainwater harvesting and irrigation systems were incorporated.

Actis exited The Nairobi Business Park in February 2015.