In addition to a number of feature CBD properties on offer, an array of commercial, industrial, retail and residential property will also come under the hammer on the day

The ups and downs in property shares look quite restrained compared with the equity market. In 2008, the property unit trusts (PUTs) had a negative return of 9,7% compared with a 23,2% decline in the all share index. The recovery was also less dramatic, with a total return of 18,7% in PUTs compared with a 32,1% return from equities in 2009.

THE 32-storey Mariston Hotel, a Johannesburg landmark, will be auctioned this month, one of the biggest buildings to come under the hammer in Johannesburg in recent times.