The acquisition comes as demand for logistics space exceeds current supply
Inospace, SA’s largest owner of serviced logistics parks, has acquired logistics property Creation Park in Montague Gardens Cape Town, for R119m financed through cash and debt provided by Grindrod Bank.
The company is taking advantage of growing demand for smaller industrial spaces used by businesses as distribution centres to deliver goods and products and supply chain challenges...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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