"A large number of corporate firms in South Africa control a lot of real estate, and there's motivation to figure out a way to extract value from those real estate assets,"
News that national corporates will be spinning off some of their properties close to the financial year is no reason to panic.
"More and more of these bigger corporate companies see a lot of value locked up in real estate assets that isn't being realized when it's part of the larger picture," said Rainer Stenzhorn marketing director and partner of In2assets, the national commercial real estate company. A big part of the appeal of a property sell-out is that real estate has seen record high valuations in recent years. "Real estate prices in virtually all property types are at all-time highs and consolidating and freeing assets always gives a new shift in the market towards new investments”, commented Stenzhorn further. "A large number of corporate firms in South Africa control a lot of real estate, and there's motivation to figure out a way to extract value from those real estate assets," Stenzhorn added. Once the seller or board of directors have made a decision to offload certain properties, the expected proceeds from the sale will be already allocated to new uses. The expectations of all sellers are traditionally to get the deal done as quickly as possible and of course, with the aim to achieve the highest possible price that the market is prepared to pay. For that reason, more and more commercial real estate owners make use of property professionals such as In2asssets who offer tailor-made commercial property auctions online, onsite or as a combined property auction, held mostly in a public venue or hotel. Following this international trend, In2assets is now one of the leaders in commercial property auctions. In2assets is constantly investing in user-friendly modern technology and enjoys a team of website developers and online marketing specialists to meet the constant changing demand with the fast shift into online transactions.
For further information, contact Rainer Stenzhorn via: [email protected]