Inospace expands Johannesburg footprint with Charron Works acquisition

Inospace expands Johannesburg footprint with Charron Works acquisition

Inospace, one of South Africa’s largest private owners and operators of multi-let industrial properties, is accelerating its Johannesburg expansion after acquiring Charron Park, a 21,497-square-metre industrial estate in Wadeville, Germiston, reinforcing confidence in one of the country’s most important manufacturing and logistics corridors.

The property, which includes 10,500 square metres of covered industrial space, will be rebranded as Charron Works and integrated into Inospace’s growing portfolio of SME-focused business parks.

The acquisition lifts Inospace’s national footprint to more than 50 industrial, logistics and storage parks serving over 2,100 small and medium-sized enterprises across Cape Town and Johannesburg.

Betting on Johannesburg’s industrial recovery

While investor sentiment toward Johannesburg commercial property remains mixed, Inospace is making a calculated bet on industrial real estate demand.

The company plans to roll out infrastructure upgrades, new signage and flexible multi-let configurations designed to attract growing manufacturers, distributors, logistics operators and trade businesses seeking affordable industrial space.

Wadeville remains one of Gauteng’s most strategic industrial nodes, offering direct access to major transport arteries and the broader Germiston logistics corridor, making it attractive for companies dependent on efficient supply chains and urban distribution networks.

Multi-let strategy targets SME growth

The acquisition aligns with Inospace’s strategy of transforming underutilised industrial assets into flexible, branded environments tailored to SMEs.

Charron Works sits close to Inospace’s existing Wadeville Works facility, acquired in 2021, creating operational synergies and strengthening the company’s presence within the same industrial precinct.

Improving occupancy rates across Johannesburg’s industrial market over the past six months have further supported the investment case for well-located warehouse and logistics assets.

“Charron Park is exactly the kind of asset that fits our strategy,” said founder and chief executive officer Rael Levitt. “It is well located, it serves a real economic engine, and it gives smaller businesses access to quality industrial space on flexible terms.”

Expansion strategy gains momentum

Founded in 2017, Inospace has built one of South Africa’s largest privately owned multi-let industrial property platforms focused on micro-warehousing, self-storage and light industrial ecosystems.

The company recently completed approximately R545 million ($32.8 million) in asset disposals and is now targeting more than $60 million in new acquisitions as demand for SME-focused logistics facilities and urban warehouse space continues to strengthen.

The strategy reflects a broader shift across South Africa’s industrial property market, where flexible warehousing and last-mile logistics infrastructure are increasingly attracting investor attention amid the continued growth of e-commerce, manufacturing and distribution sectors.