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Property Auctions

AUCTION — Corporate disposal to hit the auction block

On the 16th and 17th August, Reliance Auctions will take 7 properties to auction, which includes 6 student accommodation blocks in Potchefstroom and a guesthouse in Pomona, Kempton Park.. ... Full story

Auction ‘ghost bidding’ common practice in SA's Property Industry

Ivor Ichikowitz the chairman of arms manufacturer, the Paramount Group, has lost a battle against The High Street Auction Co, which he accused of faking bids to inflate the price of a property he was buying. ... Full story

Kyalami race track auction signals Investors’ appetite for prime property

Midrand’s Kyalami race track auction deal in which Porsche SA made the highest bid of R205m, is evident that the property market is moving again with deals being concluded particularly at auction events raising investor confidence. ... Full story

Kyalami race track fetches R205-million on Auction

The liquidated Kyalami race track, which has hosted formula one drivers such as Michael Schumacher and Ayrton Senna, today fetched a whopping R205 million from Porsche SA in an auction held at Summer Place in Johannesburg. ... Full story

Julius Malema’s farm fetches R2.5-million on Auction

The 140-hectare cabbage and tomato farm belonging to former ANC Youth League president Julius Malema, was sold for R2.5 million at the auction on Monday, although it is actually worth about R4 million. ... Full story

Auction Avenue achieves R34 million for Greek Island

The 17ha Greek Island in the archipelago between Greece and Italy was snapped up by a South African private Investor for R34 million, revealing investor appetite for auctions. ... Full story

Auction Alliance achieves R67.6 million for Johannesburg CBD property

Two landmark buildings in the CBD, previously owned by Vukile LTD, were snapped up by a private investor for R67.6 million on auction, revealing a welcome return of investor appetite for commercial property within Johannesburg’s inner city’s retail core. ... Full story

Joburg Gladstone Hotel fetches R4,4m

One of Johannesburg’s oldest surviving buildings, the old Gladstone Hotel, on the corner of Commissioner and Von Wielligh Streets, was sold for R4,4m by Auction Alliance yesterday. ... Full story

Tenanted industrial business park in Boksburg secures R27 million at auction

A tenanted industrial business park in Boksburg, featuring established tenants and solid leases, secured a notable R27 million at last month’s multiple auction event. ... Full story

King loses his Quoin for R60.5 million

In what was regarded as one of the highest value liquidation to have ever been held in the Western Cape, the prestigious Quoin Rock Winery and Manor Estate, belonging to businessman Dave King, secured R60.5 million during a packed auction on Saturday. ... Full story

High exposure offices in Waverley secure R12.3m

During Auction Alliance’s November multiple auction event in Johannesburg, a prominently situated office property in Waverley, offering a first-rate redevelopment opportunity, fetched R12.3 million on the fall of the hammer. ... Full story

South Coast Mall sits outside focus

Hyprop Investments (HYP) and Redefine Properties (RDF), shared owners of South Coast shopping mall, have opted to auction the property in a bid to focus on more "core" assets. ... Full story

Two A-Grade office blocks in the Sandton CBD auctioned for R48.5 million

During Auction Alliance’s September multiple auction event, two A-Grade office blocks in the heart of the Sandton CBD, offering a first rate development opportunity, were sold for R48.5 million. ... Full story

Liquidated Theodosiou property in Roodepoort sells for R85 million at auction

A 21ha property in Roodepoort, Johannesburg has been sold for R85 million following the high profile liquidation of the controversial property moguls, the Theodosiou Brothers. ... Full story

Media 24 Building in Sandton CBD sells for R67m

The Media 24 Building in the heart of the Sandton CBD, which is considered one of the area’s most sought after properties due to its prominent location, has been sold by Auction Alliance for R67 million ... Full story

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Tongaat Hulett


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