Archive for the 'Africa Property' Category

43 South African houses sold in one day at auction

Monday, December 31st, 2007

A RECORD 43 houses were sold in one day during an auction in George earlier this month when a timeshare contract for homes in Sedgefield and Plettenberg Bay came to its end.
Auctioneer Louis van Rensburg said at the weekend that the homes went for an average R1,19-million apiece, putting a final R43 860 000 in [...]

Cape Town Airport Site For Auction

Friday, October 5th, 2007

A PRIME 4283m’ vacant site situated barely a kilometre from Cape Town International Airport, with approved plans for the development of retail and residential accommodation, is to be auctioned on site at 11am on October 24 by Pam Golding Commercial Auctions.
Bounded by Sky Road, John Ramsay Avenue, Heath Street and facing busy Modderdam Road in [...]

Western Cape plans auction for Somerset site

Monday, February 12th, 2007

Business Day Western Cape’s provincial cabinet has approved a “revolutionary” plan to dispose of the controversial Somerset Hospital site that will involve black economic empowerment entities.
The plan is to lease the 8ha site to the highest bidder, which will then have to take on board a consortium of preselected empowerment groupings approved by the [...]

South African Commercial Property Auctions

Friday, January 26th, 2007

THE 18 months to December have seen SA’s commercial and industrial property market transform into a sellers’ market with unprecedented interest being shown from the investor public, says Auction Alliance MD Alon Kowen.
The C and I market, as the commercial and industrial market is referred to, includes all investment property within these sectors, either for [...]

South African Real Estate Auction Review

Saturday, December 30th, 2006

Press Release
This past 18 months has seen the commercial and industrial property market in South Africa transform into a sellers market with unprecedented interest being shown from the investor public. The C and I Market is an abbreviation for the Commercial and Industrial market and includes all investment property within these 2 sectors, either for [...]