A Pick N Pay tenanted food distribution centre in Port Elizabeth, will be brought to auction by Auction Alliance during this month’s Commercial Multiple auction to be held on August 25 in Johannesburg.

A winning bid of R12.2m brought the hammer down on the old Castellano-Beltrame factory in Woodbrook, East London at an auction this week.

The vacant Woodbrook factory of the once prosperous textile company Castellano-Beltrame will go under the hammer at the end of the month.

There is a surge in local opportunistic buying ahead of the world cup, says Auction Alliance’s Mike Bosch, as evidenced at a recent Port Elizabeth auction day