Global law firm Norton Rose Fulbright has advised an investor consortium on its $48 million collective investment in a new warehousing project for Africa Logistics Properties.
The investor consortium is made up of CDC Group, International Finance Corporation (IFC) and Mbuyu Capital Partners.
The $48 million in capital will be used to support the Africa Logistics Properties’ warehousing developments in Kenya. CDC Group is committing up to $25 million to the deal, IFC is investing up to $10 million and Mbuyu Capital Partners is investing up to $5 million.
Based in Mauritius, Africa Logistics Properties has been co-founded and seeded by Maris Limited, an industrial investment group operating across Africa and by Toby Selman, Africa Logistics Properties’ CEO Africa Logistics Properties’ strategy is to acquire, develop and manage modern logistics warehousing across Africa. The business seeks to address the growing need for quality warehousing, help reduce waste caused by poor storage, improve product security, and accelerate the speed of product delivery.
The Norton Rose Fulbright team advising the consortium was led by partner Bayo Odubeko who was assisted by Nari Armaly.
Bayo Odubeko said: “We are yet again delighted to have had the opportunity to support our key clients CDC and IFC and to also work again with Mbuyu Capital Partners.”
For further information please contact:
Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684 893
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3500 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, Toronto, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.