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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