Commercial property portfolio offering for July upcoming auction event

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Darren Winterstein, Managing Director at Aucor Property Darren Winterstein, Managing Director at Aucor Property

Aucor Property has started off the year on a positive note with a number of successful auction sales already under its belt.

Following a successful Johannesburg launch auction event which saw an excellent turnout of buyers supported by an 80% confirmation rate on the day, Aucor Property has announced that its next Johannesburg multiple auction event will take place at the Park Hyatt Hotel on the 24th of July where a total of 47 lots with an estimated market value of R190 million will come under the hammer. 

The commercial auction event will start at 11h00 followed by the multiple residential portfolio.

Darren Winterstein, Managing Director of Aucor comments, “Our launch auction was a strong one and confirmed the research that we had done into the market, which shows confidence and an appetite for property auctions.

The demand for good quality properties at the right price should not be under estimated and we are pleased to bring a versatile offering to the market in July including 19 lots from a listed property fund which will headline the auction.”

Aucor Property is a standalone division within the Aucor group. Aucor Property specialises in the sale of commercial, residential or legal property through either public tender, private treaty or auction, to offer a comprehensive property sales solution.

Since its inception in 1968, Aucor, with its broad African footprint, has organically built a diverse and successful auction business disposing of loose and immovable assets. This has positioned it is as arguably the most well established name in the auction industry, and whilst Aucor has had a presence in the property sector in the past, the opportunity is now at hand for the group to aggressively build on its strengths and develop its property focus through Aucor Property.

 


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