Brief
Inospace acquires fifth Midrand logistics park as firms seek flexible space
The deal adds roughly 5,242 m² of lettable area and brings Inospace’s Midrand capacity to about 50,000 m².
By Felo News Desk · Published
Inospace, South Africa’s largest owner of last‑mile logistics and storage parks, announced on 12 October 2026 that it has bought an N1‑facing building in Midrand out of business rescue, marking its fifth acquisition in the node.
The newly acquired property sits on a 15,197 m² stand, offers 5,242 m² of lettable space and enjoys direct frontage onto the N1 highway. The purchase price was not disclosed, but the park is described as almost fully let and yielding an attractive return.
Rael Levitt, Inospace’s chief executive, said the transaction reflects a “cautious market” where companies are shedding fixed‑cost leases for smaller, flexible units. He noted that the firm now controls roughly 50,000 m² of lettable space in Midrand, up from its previous footprint.
Levitt added that the broader economic backdrop includes anticipated interest‑rate hikes, rising fuel prices and a closely watched Johannesburg municipal election on 4 November. These factors, he said, are prompting SMEs to outsource warehousing and adopt variable‑cost models.
Inospace’s flexible‑term model currently spans more than 52 parks across Cape Town and Johannesburg, serving over 2,100 SME tenants who can expand, contract or relocate without long‑term commitments. The company’s fulfilment and outsourced‑warehousing product, launched in Johannesburg, has seen sharp growth as firms prefer to avoid the capital expense of owning warehouses, staff and systems.
Looking ahead, Levitt said Inospace is factoring further rate hikes into its planning and expects fuel‑price pressures to slow the market. Many businesses, he noted, are holding back decisions until after the election to see what administration emerges and whether city service‑delivery issues are addressed.
Key facts
- Inospace bought a 5,242 m² logistics park in Midrand on 12 Oct 2026. (bizcommunity.com)
- The acquisition brings Inospace’s Midrand lettable space to about 50,000 m². (bizcommunity.com)
- Rael Levitt said firms are moving from fixed‑cost leases to flexible space amid economic tightening. (bizcommunity.com)
- Inospace now operates over 52 parks serving more than 2,100 SME tenants. (bizcommunity.com)
- The deal was made out of business rescue; purchase price not disclosed. (bizcommunity.com)
Sources
- [1] bizcommunity.com — originally reported as “Inospace buys 5th Midrand park out of business rescue as companies swap fixed costs for flexibility”
