PR84747

NAIROBI, Kenya, July 13, 2020, /PRNewswire＝KYODO JBN/--

Cold Solutions, a leading temperature-controlled warehouse and logistics

service provider, announced that it will invest USD 70 million to construct

state-of-the-art, temperature-controlled cold storage warehouses in Kenya.

Cold Solution's 15,000 sqm flagship facility in Tatu City Special Economic Zone

in Nairobi will be the largest, most advanced and efficient in the region. The

facility is flexibly designed to cater for numerous temperature ranges from +26

to -40 C and multiple product ranges, from fresh fruit and vegetables, to

pharmaceuticals and vaccines, meats and poultry, and frozen foods.

Cold Solutions Kenya is a portfolio company of ARCH Cold Chain Solutions East

Africa Fund, a private equity fund advised by ARCH Emerging Markets Partners

Limited (ARCH).

"Cold Solutions' one-stop-shops are designed to allow businesses to keep track

of products in real-time and facilitate transportation across East Africa

through temperature-controlled trucks, either within the inner city or to

long-haul destinations," said Jared Irving, Managing Director, ARCH.

The United Nations' Food and Agriculture Organization estimates that over 40%

of food in Sub-Saharan Africa perishes before it reaches a consumer. This can

be as high as 60% for fresh produce in Sub-Saharan Africa.

Chris Barron, Kenya Country Head for Rendeavour, Tatu City's owner and

developer, says, "We are delighted to welcome Cold Solutions' transformational

cold storage complex to Tatu Industrial Park, which is home to more than 50

Kenyan, East African and multi-national businesses building best-in-class

facilities in Kenya's first operational Special Economic Zone."

Tatu City is a 5,000-acre, mixed-use development with homes, schools, offices,

a shopping district, medical clinics, nature areas, a sport and entertainment

complex, and manufacturing area for more than 150,000 residents and tens of

thousands of day visitors. Schools and businesses are already open at Tatu

City, and a range of homes suits all incomes. Tatu City represents a new way of

living and thinking for all Kenyans, creating a unique live, work and play

environment that is free from traffic congestion and long-distance commuting.

Photo - https://mma.prnewswire.com/media/1213291/Cold_Solutions_Tatu_City.jpg  

Photo - https://mma.prnewswire.com/media/1213292/Tatu_City.jpg

Contact

Faith Mutheu

FMutheu@tatucity.com

+254 20 513 1000

info@rendeavour.com

SOURCE: Rendeavour and Tatu City