Companies like The High Street Auction Co – better described as a structured sale specialist – have an invaluable role to play when disposing of an asset and restoring liquidity through business rescue.
It is in this spirit that Greg Dart has led High Street Auction Co to work closely with George Nell and Gideon Slabbert of the Corporate Business Advisory in what has up until now been referred to as ‘Project X’ – the now approved business rescue plan for The Success Academy which has a corporate portfolio with a replacement value in excess of R3 billion.
Director Lance Chalwin-Milton says that this premier event that will be hosted simultaneously over two days in Johannesburg and Cape Town also opens the way for global sellers and bidders to access new markets.
“We expect to have buyers from all over the world phoning in for a rare watch or classic car. The beauty and strength of our online bidding app is that it works seamlessly no matter who and where the auctioneer is. We are creating a global market, rather than just a market of the people sitting in the room or immediately around us in South Africa,” he says.
The private education sector is set to become a major player in the property market with Early Childhood Development (ECD) becoming one of the largest potential growth areas believes Greg Dart, director of The High Street Auction Co.
Dart’s assessment is based on the country’s demographic and the fact that youth account for over a third of the overall population. According to Statistics South Africa (Statssa), the number of children under five attending an Early Childhood Development (ECD) centre or pre-school has increased to one in three from one in ten since 2002.
With growing optimism in the ever-resilient industrial property space, a number of key properties that will come under the hammer at High Street Auction Co’s final property auction for the year on November 28, 2024, offer significant opportunities for proactive investors, says High Street Auction’s director Greg Dart.
With almost R900 million in stock, he says that the event will close out a turbulent 2024 in the property sector and usher in a more positive 2025.
Luxurious Majeka House in Stellenbosch with its 21 designer rooms, pools, restaurant, bar, lush gardens and spa set against the magnificent Helderberg Mountains is just one of the iconic landmark properties that will come under the High Street Auction Co’s hammer this month.
For High Street director, Greg Dart, this couldn’t come at a better time as the hotel sector – a major driver of tourism growth – remains on a strong upward trajectory. According to Stats SA, income from accommodation was up in February 2025 compared to the same period last year with travellers showing a 15.6% increase in spend per night.
After more than two years of disruption, significant academic stability returned to South Africa’s tertiary institutions last month when the President finally called an end to the national State of Disaster.
But the reset that permanently returns all learners to lecture halls has also refocused the spotlight on the accommodation crisis facing students across the country, according to specialist real estate auctioneer Joff van Reenen.
