Mpact - disposal of Versapak Paarl property
On 17 September 2026, the Company, through its subsidiary Mpact Paarl Property (Pty) Ltd. (the "Seller"), entered into a sale of letting enterprise agreement with Inospace 5 (Pty) Ltd., which is beneficially owned by The Taurus Trust, with the right to nominate Inofort (Pty) Ltd. (a joint venture between Inospace 5 (Pty) Ltd. and Fortress Real Estate Investments Ltd.) as the acquiring entity (the "Purchaser"), in terms of which the Purchaser will acquire the property known as Erf 28634 in the Drakenstein Municipality, Paarl, for a total purchase consideration of R185.0 million (inclusive of VAT at the zero rate).
|