Aucor Property has announced that its next multiple auction will be held on the 12^th of November at 12h00 at the Park Hyatt Hotel in Rosebank, featuring an array of 40 lots.

MONEYWEB: Welcome to Petro Heydenrych, the chief executive of Iprop –financial results out today for the year to end-September. But you can’t really read to much into these results, Petro, because the company has changed so in the past financial year. Just explain to us – at a board level what made you take the decision to sell off your portfolio and then to move more aggressively into property development?