Aucor launches diversified property sales division
Africa's auction authority, Aucor, has announced the launch of Aucor Property, a standalone division within the group that 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.
“Due to the protracted conditions in the property market at large, sellers have been looking to a variety of sales channels to dispose of property assets, to realise a return on their investments,” explains Darren Winterstein, Managing Director at Aucor. “These prevailing market conditions have made auctions a popular, effective and efficient way to sell property.”
“Through our experience, expertise, our national footprint and sub-Saharan reach, Aucor has given sellers access to willing buyers through a transparent and proven auction sales platform, with extensive pre- and post-sales support, making the property auction experience enjoyable and beneficial to all parties involved,” he continues.
As part of a natural evolution in this line of business within the group, Aucor will now be expanding the scope of their property division to include sales through public tender or private treaty, in addition to auction. “Through Aucor Property we will be able to deliver a turnkey solution to individuals or companies looking to buy and sell property, to find the most ideal means for the disposal of property assets,” explains Winterstein.
“This dynamic service offering will be delivered by our experienced team of property and auction experts, led in Gauteng by Mark Kleynhans and in the Western Cape by Christian Stewart. Kleynhans and Stewart, both stalwarts in the auction business, will ensure that we as a team are able to offer the right property at the right time, to the right buyer, at the right price,” he continues.
“The depth of Aucor Property's capabilities and the backing of the Aucor group will offer a compelling proposition to any seller who wishes to tap into our broad, established customer base and our regional and national experience to dispose of any type of property,” says Winterstein.
Aucor Property will hold both stand alone auctions as well monthly multiple auction events, offering an array of commercial, industrial, retail and residential properties. The division’s first multiple auction was held in Johannesburg on the 19th of June and saw an excellent turnout of both interested buyers and potential sellers with more than 66% of the stock being sold on the fall of the hammer. Winterstein comments, “Our first multiple auction event gave us a strong indication that the market has confidence in our offering and that the auction platform is one that holds appeal to both sellers and buyers alike. This has set a positive tone for things to come and the team is looking forward to creating a benchmark of how property auctions should be conducted.”
“We are pleased to announce that our next multiple Johannesburg auction event will take place at the Park Hyatt Hotel, Rosebank on 24 July 2012 at 11h00 and whilst our initial event has been held in Johannesburg, the team will shortly be announcing dates for auctions in the Western Cape, Kwa Zulu Natal, the Eastern Cape and Free State.” concludes Winterstein.