Inospace appoints David Bernstein as Group Managing Director

Inospace, South Africa's leading owner and operator of serviced logistics parks, has announced the appointment of David Bernstein as Managing Director of the Inospace Group, effective immediately.

Bernstein will assume responsibility for Finance, Operations, Projects, and Asset Management, with a mandate to drive integrated performance and operational excellence across the Group. His appointment comes at a pivotal time as Inospace, a R3 billion real estate platform, positions itself for accelerated growth and portfolio optimisation.

As part of the leadership shift, CEO and founder Rael Levitt will refocus his efforts on strategic growth initiatives, including acquisitions, disposals, and the Group's broader positioning over the next 24 months. Levitt will also spearhead the company's asset recycling strategy, while the day-to-day operations of Inospace Services, the Group's internal management company, will fall under Bernstein's oversight.

"David's appointment allows me to concentrate on strategic growth and positioning Inospace for the next phase of expansion," said Levitt. "With a strong operational leader in place, I can focus on growing our asset base, recycling capital, and searching for other growth opportunities".

Bernstein has played a central role in Inospace's growth trajectory over the past several years. Serving first as Chief Investment Officer and then as Chief Operating Officer, he has led the Group's investment, asset, and project management strategies. He was also instrumental in simplifying Inospace's shareholding structure, including the acquisition of shares from Setso Property Fund earlier this year.

"I am incredibly proud and grateful for this opportunity," said Bernstein. "Over the past few years, under Rael's visionary leadership, we have built a dynamic, innovative and passionate team, and I am excited to work alongside them as we take the business to even greater heights."

Under his leadership, the company has undergone a significant operational transformation. Bernstein introduced a host of systems and technology platforms that have dramatically improved operational efficiency, client service, and scalability. He also implemented an out-sourced facilities management model and acted as interim CFO until the recent appointment of Llewellyn Olivier, helping to drive both financial discipline and enhanced profitability.

"David has been a driving force behind our success," said Levitt. "His strategic leadership, financial rigour, and ability to implement complex operational changes have made Inospace a faster, leaner, and more innovative business. With David as Managing Director, the platform is in strong hands and ready for its next leap forward."

A qualified Chartered Accountant (CA(SA)), Bernstein previously served as CFO of Heriot Properties' African portfolio and held roles at Ernst & Young in South Africa and BDO in Lon-don. He brings a deep understanding of property finance, operations, and execution at scale - skills that have proven critical in Inospace's evolution as South Africa's foremost logistics space platform.