Telkom’s vacant land and buildings to be auctioned on line

Posted On Wednesday, 20 November 2013 08:25 Published by eProp Commercial Property News
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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 FaclierKim Faclier, managing director for GoIndustry Dovebid Property South Africa (Go-Dove SA), says the sale mandate includes vacant land and residential buildings, as well as some high value commercial and industrial properties.

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

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

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

It is expected that the sale of these properties could reach up to R200m, says Faclier.

Go-Dove is a leading provider of asset management and real estate services with 40 offices in 27 countries, and most of its clients are Fortune 500 & Fortune 1000 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 US$20 million.

The company launched its first dedicated live online property auction site in 2011, through GoIndustry DoveBid SA (Pty) Limited. 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, government and many parastatals require, says Faclier. The property division for Go-Dove in South Africa also specialise in on-site auctions, private treaty sales and valuations.

GoIndustry was recently acquired by Liquidity Services, Inc (NASDAQ: LQDT), which has the largest global marketplace and valuation data for surplus assets, with more than 2.4 million registered buyers and over 42 million website visits annually.

Faclier says: “Liquidity Services delivers superior net recovery across a breadth and volume that others simply cannot match, in more than 200 countries and territories.”

Last modified on Thursday, 29 May 2014 17:05

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