Real Estate Investor Magazine June 2023 Edition | Page 22

MASTER INVESTOR
him of his success , Levitt reflects honestly and openly about the lessons of the tsunamis he faced . In the wake of his lastever auction , he has rebuilt his reputation , found new passions , and today has built a highly successful new property business called Inospace .
As a child , an intense interest in property meant that Rael Levitt was early in the game . At age ten , he managed his family ’ s search for a new home in Cape Town ’ s Atlantic seaboard . A chance encounter with the Sheriff of the
Today , Inospace , has emerged as the largest owner and operator of logistics parks in South Africa . Rael has successfully expanded the company , which now boasts a valuation of over R 3 billion , making it ten times larger than his previous venture , Auction Alliance . His remarkable return to success has earned him the moniker of the ' comeback kid ,' garnering admiration from many individuals .
Rael decided to write the book , ' It takes a Tsunami ' to not only record his memoirs but also tell his side of the story which was one of the biggest propery scandals in SA in recent times . He says writing the book became a form of therapy in the period of getting back onto his feet .
The birth of a property entrpreneur
21 APRIL / MAY 2023 SA Real Estate Investor Magazine