Developer of modern industrial warehousing in East Africa, Africa Logistics Properties (ALP) has appointed Raghav Gandhi as the new Chief Executive Officer(CEO).

He will assume the role in Q1 of 2024

Before his appointment, Gandhi served as the former Managing Director of Acorn Investment Management Limited.

Some regions he has worked in include South Asia, the Middle East, and North Africa.

“Industrial real estate is a premium asset class in the developed markets but still very much in its infancy here in Africa. While this may point to challenges, it also highlights significant opportunity,” Gandhi said.

This follows Richard Hough’s retirement after six years at the helm.

Hough joined the firm in 2017 as Chief Operating Officer before being named CEO in 2019 after its co-founder and CEO, Toby Selman, quit.

In his watch, Hough oversaw the development of East Africa’s largest single industrial park at Tatu City and in Tilisi.

The above won him and the company numerous awards, including industrial development and IFC Global EDGE Champion.

“It has been an enormous privilege to spend six years at ALP working with a great team of both colleagues and investors. Together we have brought high quality, sustainable industrial buildings to Kenya for the first time,” he said.

“On behalf of the entire board, I would like to thank Richard for his diligence and dedication,” Charlie Tryon, Chairman of ALP said.