spot_img

Zambia Becomes Full Member...

Zambia has officially signed an agreement to become a full member of the...

Walvis Bay Leads the...

With great pride, the Walvis Bay Corridor Group announces that it has successfully...

Kenya Approves Zambia Airways...

Kenya has just allowed flights operated by Zambia Airways 2014 Limited into its...

China Pledges $1 Billion...

The Tanzania-Zambia Railway, commonly known as Tazara, holds a special place in China-Africa...
HomeTRUCKINGInospace Acquires Additional...

Inospace Acquires Additional Logistics Park

The company concluded agreement to acquire Creation Park, from a private property fund, for R119mn (approximately US$8.2mn). The industrial-zoned park is a modern 15,490 sq m multi-let property situated at the entrance to Century City.

Creation Park, soon to be renamed Creation Works, has 38 units and is let to 28 businesses. It will be repositioned, rebranded, refurbished, and fully serviced with additional value-added products. It will then be integrated into the company’s network.

Inospace focuses on premium industrial and logistics distribution parks, let to small and mid-sized grade tenants on short-term flexible leases, in proven logistics nodes and built to institutional specifications.

Tenants include national operations such as Krost Shelving, PNA Stationary, Foodserv Solutions and Rebel Safety Gear.

Cape director for Inospace, Jacques Weber, commented that the acquisition has enhanced the group’s strong Cape Town urban portfolio. “Creation Park is a strong asset located in a key urban location 15 km from both central Cape Town and Tyger Valley. It is a perfect suburb for last-mile delivery and an area we have been trying to enter for two years.”

The transaction has been financed through a mix of cash and bank debt, provided by Grindrod Bank which is expanding its property finance business in the Western Cape.

“There is no doubt that short-term warehouse solutions are filling a much-needed gap in the market, especially when businesses are trying to deal with the immediate effects of the pandemic in China and other supply chain crises,” concluded Weber. “Industrial and logistics property fundamentals are expected to stay robust in the next several years. Creation Works will offer a healthy mix of warehousing, storage, and last-mile logistics space to businesses.

Get notified whenever we post something new!

Continue reading

Zambia Becomes Full Member of Central Corridor, Enhancing Regional Trade Links

Zambia has officially signed an agreement to become a full member of the Central Corridor Transit Transport Facilitation Agency (CCTTFA). This move is expected to expand Zambia’s market and boost its trade activities with other member states. The agreement...

Walvis Bay Leads the Transport of Massive Oxygen Plant to Zambia

With great pride, the Walvis Bay Corridor Group announces that it has successfully assisted the transportation of a massive 50-meter oxygen plant container to Solwezi, the capital of Zambia’s mineral-rich North-Western Province. Along the Walvis Bay-Ndola-Lubumbashi Development Corridor, a...

Kenya Approves Zambia Airways Flights, Strengthening Regional Aviation Ties

Kenya has just allowed flights operated by Zambia Airways 2014 Limited into its territory. The move has been taken positively by the Minister of Transport and Logistics, Hon. Eng. Museba Frank Tayali of Zambia. This happened in the wake...
spot_img