Sinica Manufacturing

Mpact sells Paarl industrial property for USD 11.4m (ZAR 185m) to cut debt

Mpact has sold its industrial property in Paarl, Western Cape, for USD 11.4m (ZAR 185m) to Inofort, a joint venture between Inospace 5 and Fortress Real Estate Investments, through subsidiary Mpact Paarl Property. Proceeds will go towards settling existing debt under Mpact's portfolio optimisation strategy. The 29,541 sq m site remains leased to Sinica Versapak, the former Mpact Versapak tray and film business, until October 2029.

Why this mattersThe disposal releases capital from a non-core asset while the site stays leased to Sinica Versapak to October 2029, preserving rental income.

• Mpact sold its Paarl, Western Cape property for USD 11.4m (ZAR 185m) via subsidiary Mpact Paarl Property.
• Buyer Inofort is a joint venture between Inospace 5 and Fortress Real Estate Investments, acquiring the site as a going concern.
• The 29,541 sq m property had a net book value of USD 5.48m (ZAR 89.2m) at end-December 2025.
• The property generated rental income of USD 1.20m (ZAR 19.6m) in the 2025 financial year.
• Proceeds will go towards settling existing debt as part of Mpact's portfolio optimisation strategy.
• Sinica Versapak leases the site under a five-year agreement expiring October 2029.

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