Innovation Worx

What Innovation Worx does

Innovation Worx is the commercial property leasing division of Leogem Investments (Pty) Ltd, a South African property development and management company incorporated in 1984. The company operates five managed business parks concentrated along Richards Drive and adjacent streets in the Halfway House area of Midrand, Gauteng: Midrand Junction (50 Richards Drive), Commercial Park (90 Richards Drive), Business Park (44 Richards Drive), 16th Road (1 Scale End), and Richards Drive (88 Richards Drive). Collectively these parks deliver approximately 30m² to 480m² of leasable commercial space across offices, warehouses, workshops, retail/showroom units, and storage, with monthly rentals starting from R6,500 and ranging up to approximately R55,080 for the largest warehouse units.

The operating model is asset-light in technology terms — there is no proprietary technology stack, no API, no app, and no AI capability. Core infrastructure provided across the parks includes 24-hour access-controlled security, backup power and water, fibre-ready connectivity, and shared maintenance. Distribution is sales-led through three dedicated commercial property brokers (Sheree Lange, Sasha Bhila, Brandon Munyanyi) who handle lead matching, viewings, and lease negotiations, supplemented by a website with a tenant portal, WhatsApp inquiry channel, organic social media presence, and content marketing. The company targets a horizontal mix of SME tenants — including growing SMEs needing office space, operational businesses needing warehouse/logistics units, client-facing businesses needing showrooms, and professional services firms — with flexibility to combine adjacent units for expansion.

Revenue is generated exclusively through recurring monthly rental income on the unit portfolio; the business is private, not backed by venture capital or private equity, and discloses no financial figures. Pricing is per-unit, varies by size and type, and the smallest tier (approximately 30-50m² retail/showroom) rents from R8,600/month while the largest tier (240-340m² warehouses) rents from R33,600 to R55,080/month. Customer concentration is structurally diversified across a long-tail of small and mid-sized tenants, though no occupancy or top-customer data is publicly available.

Name

Innovation Worx

Legal name

Leogem Investments (Pty) Ltd

Website

https://innovationworx.co.za

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Innovation Worx is the commercial property leasing brand of Leogem Investments (Pty) Ltd, operating five managed business parks in Midrand, South Africa, offering offices, warehouses, workshops, retail/showroom, and storage units (~30m² to 480m²) on monthly recurring leases to SMEs and growing businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Midrand

HQ country

South Africa

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Commercial Property Rental: Monthly rental income from leasing commercial units including offices, warehouses, workshops, retail/showroom spaces, and storage units across five managed business parks in Midrand. Revenue is recurring on a monthly basis with tenants paying rent for their allocated spaces.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Innovation Worx leases commercial units across five managed business parks in Midrand, South Africa. Units include offices, warehouses, workshops, retail/showroom spaces, and storage ranging from approximately 30m² to 480m², with monthly rentals starting from R6,500. Each park is supported by 24-hour security, backup power and water, and fibre-ready connectivity.

Product overview

Innovation Worx is a commercial property management company offering managed business parks in Midrand, South Africa. The company provides a unified portfolio of five distinct business parks (Midrand Junction, Commercial Park, Business Park, 16th Road, and Richards Drive) that collectively offer flexible commercial spaces across five space types: office spaces, warehouses/storage/logistics units, retail/showroom spaces, workshop/commercial units, and hybrid operational spaces. Unit sizes range from approximately 30m² to 480m², with monthly rentals starting from R6,500. The parks provide shared infrastructure including 24-hour security, backup power and water, fibre-ready connectivity, and access control. Leogem Investments develops and manages the Innovation Worx portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Innovation Worx – Midrand Junction Modern, flexible workspaces at 50 Richards Drive, Midrand, offering units from approximately 229-360m². Best suited for immediate occupation and larger teams.
• Innovation Worx – Commercial Park Business-ready units at 90 Richards Drive offering approximately 130-375m² spaces suitable for office, warehouse and light commercial use.
• Innovation Worx – Business Park Larger professional units at 44 Richards Drive offering approximately 240-480m² spaces. Best suited for growing SMEs, showrooms, storage, and office warehouse needs.
• Innovation Worx – 16th Road Multi-use commercial units at 1 Scale End, Halfway House Estate, offering approximately 30-210m² spaces suitable for offices, lofts, retail, and mini-warehouses.
• Innovation Worx – Richards Drive Individual leasable workspaces at 88 Richards Drive offering approximately 71-116m² spaces. Best suited for small teams, service businesses, and workshops.
• Office Spaces Professional office space for growing teams, suitable for professional services, consultants, and client-facing businesses across Innovation Worx's parks in Midrand.
• Warehouse, Storage & Logistics Units Storage and operational warehouse-style units with practical access for logistics, e-commerce fulfilment, and stock handling across Innovation Worx's parks in Midrand.
• Retail and Showroom Space Visible retail and showroom spaces for client-facing businesses, providing strong brand visibility and customer accessibility across Innovation Worx's parks in Midrand.
• Workshop and Commercial Units Flexible workshop and commercial units for production, repairs, and hybrid operations requiring both operational and administrative space across Innovation Worx's parks in Midrand.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Leogem InvestmentscoreOthersInnovation Worx is developed and managed by Leogem Investments, an established property development and management company with residential and commercial projects in Midrand. Leogem Investments owns and operates the Innovation Worx portfolio of five business parks.

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Broad incumbents

• Redefine Properties: Major JSE-listed REIT with diversified commercial real estate exposure across South Africa, overlapping with Innovation Worx in office and industrial leasing.
• Fortress REIT: Diversified South African REIT with logistics, office, and retail assets; competes for the same SME and industrial tenants that Innovation Worx serves.
• Accelerate Property Fund: JSE-listed REIT with a focus on industrial and office properties in South Africa, overlapping with Innovation Worx's warehouse and office leasing offerings.
• Emira Property Fund: Diversified JSE-listed REIT with office, retail, and industrial assets, serving similar commercial tenants in the South African market.
• Growthpoint Properties: Largest South African REIT with a diversified portfolio of office, industrial, and retail properties; competes for the same Gauteng commercial tenants at much greater scale.
• IWG (Regus): Global flexible workspace operator competing in the serviced/managed office segment that overlaps with Innovation Worx's office leasing offering.
• Vukile Property Fund: JSE-listed REIT with significant retail and office exposure in South Africa, operating in adjacent commercial property segments to Innovation Worx.

Emerging players

• SA Corporate Real Estate Fund: JSE-listed REIT focused on flexible industrial and commercial space in South Africa, with a similar SME-oriented tenant focus to Innovation Worx.
• Equites Property Fund: JSE-listed REIT focused on logistics and warehouse properties in South Africa, directly comparable to Innovation Worx's warehouse/storage segment.

Direct peers

• Attacq: JSE-listed REIT that develops and owns large commercial precincts in Midrand (notably Waterfall), directly competing with Innovation Worx for commercial tenants in the same geographic corridor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/InnoWorxHQ
• LinkedInlinkedin.com/company/innovation-worx-by-leogem

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovation Worx