Bay retail buildings fetch millions at auction

Posted On Wednesday, 21 October 2009 02:00 Published by eProp Commercial Property News
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A public auction at the Radisson Blu Hotel saw top businessmen in Nelson Mandela Bay digging deep into their pockets to purchase four prime properties in the city on Tuesday.

Property-Housing-Residential

 

 

 

 

 

 

 

 

While the bidders’ names must still be confirmed, a prominent businessman snatched the entire Newton Park Pick n Pay retail centre for R28 million.

The other three properties on offer were the Uitenhage Busy Retail centre, sold for R23,5 million; the Mums building in Newton Park at R8,7 million; and a two-hectare plot in the Greenbushes industrial area at R170/m².

 

Last modified on Wednesday, 11 June 2014 11:21

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