21 October 2022, Johannesburg: Aucor Property, the leading property auction company in South Africa, continues to deliver real results on auction to both sellers and buyers, as the company marks a decade of deals. 
 
Greg Want, Managing Director of Aucor Property comments, “Our journey as a business over the past 10 years is one that has gone from strength to strength, with several industry setting records achieved. As we head into our biggest auction to date with more than 50 properties coming to the auction floor on 15 November 2022, we are expecting to close the year out with more than R2 billion in sales.”
 
“Despite a tough economic environment, the team has continued to set a pace in the industry that few could keep up with. Highlights this year included the sale of a private portfolio of 6 industrial properties in Pomona for R250 million; 5 petrol station sites sold in one auction; 4 buildings in the Free State and Northern Cape which sold for R88 million for a listed fund; 12 blocks of flats, and a multitude of deals concluded across the Lowveld and Western Cape regions, by dedicated teams in those areas.”
 
“This success has been made possible through the perseverance and hard work from a cohesive, dedicated team of skilled business development professionals who have a finger on the pulse of the property market, as well as the knowledge on how to drive demand and value within their networks of buyers and sellers, to achieve the right outcome.”
 
“Further to this, as we emerged from the Covid pandemic, we took the decision to return to the live auction environment as soon as the law allowed, and this proved to be one of the key factors in setting the business on its current trajectory. Transparency is fundamental in our industry, and whilst online platforms served a purpose during the early stages of Covid, feedback from our buyers and sellers was consistent - they want to be present in the auction room, and actively participate in the process.”
 
"Ultimately, these results are indicative of the appetite that the market has for transacting in real estate using the auction platform, and recognition of the fact that auctions offer a more efficient means for property disposal and subsequent liquidity access, which is proving to be an increasingly vital lifeline for many businesses in the current environment." concludes Want.
 
For more information on the upcoming November auction, visit www.aucorproperty.co.za

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