Property Auction

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Property Auction Market resilient despite economy turmoil

This was a tough year for South African real estate, but resilience prevails across various sectors of the property auction market....
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Aucor rakes in R86.5m for vacant Foreshore property on Auction

Aucor has announced that following the stand alone auction of the last open piece of land owned by the City of Cape Town in Lower Long Street on the Foreshore, the property has been sold subject to approval by the City of Cape Town....
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Lucrative industrial portfolio in excellent location to hit the auction floor

Spanning a mere few hundred hectares in the south of Johannesburg lies a unique industrial node called “Nancefield Industrial” with its very own municipal supply of gas, and excellent north-south and east-west access from the Golden Highway, N12 and N1....
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Investors snaps up Germiston properties at Auction Inc’s auction event

An industrial park in Roodekop, which fetched R14m, and a 66-room hotel in Germiston were among the properties on offer at Auction Inc’s multiproperty sale on Wednesday...
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Commercial Property Portfolio to be auctioned in July

Auction Inc. today announced that its multiple auction event will be held in Johannesburg on the 3rd of July at the Houghton Golf Club and will begin at 12h00 on the day....
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Strong Industrial offering at upcoming Auction Event

Aucor Property has confirmed that its next property auction will be held on 12 March 2013 at Park Hyatt Hotel at 12h00 and will see a total of 14 properties come under the hammer on the day....
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Rael Levitt admits career gone and says sorry

Former Auction Alliance boss Rael Levitt has admitted he made mistakes but did not deserve to be demonised by South Africa, it was reported on Sunday....
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Rael Levitt steps down

The Board of Auction Alliance has agreed that Rael Levitt will step down as its Chief Executive Officer with immediate effect, pending the outcome of the independent investigation....
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Auction Alliance boss blasts claims of fake bidders

RAEL Levitt, the head of Auction Alliance, has offered to open his company’s books to investigators after allegations of improperly driving up auction prices and paying kickbacks – claiming this will prove that his company is clean. ...
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Auction Alliance Board statement on recent allegations

The Board of Directors of Auction Alliance has commissioned an investigation by an independent company into allegations that have been leveled against the firm in recent weeks....
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