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Mpact sells Versapak Paarl property for R 185 million

PUBT·09/18/2026 06:04:02
Mpact sells Versapak Paarl property for R 185 million
  • Mpact entered an agreement to sell the Versapak Paarl property as a going concern for ZAR 185 million, VAT zero-rated.
  • Inospace 5 will buy, with the right to nominate Inofort, a joint venture with Fortress Real Estate Investments.
  • Closing is expected in Q1 2027, subject to releasing a mortgage bond over the property.
  • Proceeds will be used to reduce existing debt; the asset had a ZAR 89.2 million net book value at Dec. 31, 2025.
  • The site is leased to Sinica Versapak until Oct. 31, 2029; rental income was ZAR 19.6 million in 2025.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mpact Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S603493), on September 18, 2026, and is solely responsible for the information contained therein.