Inospace Expands Cape Town Footprint with R65m Voortrekker Xchange Acquisition

Inospace Expands Cape Town Footprint with R65m Voortrekker Xchange Acquisition. Inospace has acquired Voortrekker Xchange, a 7,143 square metre commercial property along Cape Town’s N7 corridor, from Fairvest Ltd for R65 million, marking a new addition to its portfolio of urban logistics and storage assets.

The property occupies a high visibility corner at the intersection of Voortrekker Road and Jakes Gerwel Drive, one of the city’s key transport routes linking the N1, N2, the Port of Cape Town and the northern industrial belt. With 230 parking bays and strong accessibility, the site is positioned to support urban logistics, storage and fulfilment activity.

Originally developed as a hospital and later converted into a corporate call centre, the building will now enter a third commercial phase. Inospace plans to reposition the asset as a multi let last mile logistics and storage facility under its adaptive reuse model, which focuses on upgrading under utilised urban properties into operational logistics hubs.

The property will be rebranded Grand Works and added to Inospace’s growing network of logistics, storage and workspace locations across Cape Town. The site is near the planned Grandwest Mall, a 22,000 square metre retail development adjacent to Grandwest Casino. The project is being developed by Flanagan and Gerard in partnership with Sun International.

Cape Town remains one of South Africa’s most supply constrained industrial and logistics markets, with vacancy levels reported near historic lows. Demand for well located warehouse and storage space continues to rise, supported by e commerce growth, last mile delivery needs and limited availability of industrial land within the metro.

Inospace’s portfolio is currently operating at about 98 percent occupancy, reflecting sustained demand for flexible urban logistics space. Founder and chief executive Rael Levitt said the acquisition aligns with current market conditions and longer term structural trends in the industrial and logistics property sector.

“Cape Town is structurally undersupplied when it comes to well located industrial, logistics and storage space. Vacancy rates remain low, and demand continues to grow as businesses move closer to customers and supply chains become more fragmented,” Levitt said.

“This asset has visibility, access, scale and adaptability. It fits our adaptive reuse approach and long term operating strategy,” he added. The acquisition forms part of Inospace’s 2028 growth strategy, which targets about R2 billion in additional assets over the next three years. The company said it remains focused on disciplined investment and value creation within key metropolitan logistics corridors, particularly in Cape Town going forward.