High-ticket properties to be sold off countrywide

Telkom’s buildings and vacant land to be auctioned online over the next few months

GOINDUSTRY Dovebid South Africa has been awarded the tender contract to dispose of various parcels of land and buildings around the country on behalf of Telkom.

Kim Faclier, managing director for GoIndustry Dovebid Property South Africa (GoDove SA), says the sale mandate includes vacant land and residential buildings, as well as some high-value commercial and industrial properties.

“More than 60 properties will be sold over the next few months, starting with the first batch of 37 at the end of this month. The properties are all over South Africa, from the Western Cape to KwaZuluNatal, Gauteng, North West and Mpumalanga – and almost everywhere in between.”

It is expected that sale proceeds from these properties could reach R200 million.

Some of the high- ticket properties to be sold next year include about 10 000m ² of vacant land in Benmore Gardens, which borders Sandton City, a 28 000m² high-rise commercial building in Joubert Park, Gauteng, and about 20 000m ² of business- zoned land in Walmer, Port Elizabeth.

Properties for sale this month include vacant land in Struisbaai, Stilbaai and Stel- lenbosch in the Western Cape; vacant land in Cato Manor and Salt Rock in KZN; East London, Port Elizabeth and various vacant plots, residential, industrial and commercial buildings in other areas like Prieska, Barberton and Middelburg.

Go-Dove is a leading provider of asset management and

‘More than 60 properties will be sold… It is expected that sale proceeds of these properties could reach R200 million’

real estate services with 40 offices in 27 countries, and most of its clients are Fortune 500 and Fortune 1 000 companies.

The main success behind the global enterprise has been the company’s proprietary auction software platform, which has been developed over 15 years at a cost of more than $20m (R207m).

The company launched its first dedicated live online property auction site in 2011, through GoIndustry DoveBid SA.

Buyers interact in real time and full tracking capabilities are available before, during and after auctions, providing the critical corporate governance and transparency that companies, the government and many parastatals require, says Faclier.

The property division for Go-Dove also specialises in onsite auctions, private treaty sales and valuations.

GoIndustry was acquired by Liquidity Services, which has the largest global marketplace and valuation data for surplus assets, with more than 2.4 million registered buyers and more than 42 million website visits annually.

For more information visit www.go.dove.com/southafrica.

To keep up to date on the Telkom sales or to sign up for the online auction see http:// www. go- dove. com/ en/ event18325/Telkom-Real-Estate-Portfolio-Disposal-Online-Auctionthroughout-South-AFrica.

● For further details contact Kim Faclier at 082 554 6295 or e-mail Kim.Faclier@liquidity services.com or Joey Burke at 082 9981133 or e- mail: Joey. Burke@liquidityservices.com

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