Directors of High Street Auction Co, Lance Chalwin-Milton and Greg Dart, at the recent launch of the group’ s new divisions.
Directors of High Street Auction Co, Lance Chalwin-Milton and Greg Dart, at the recent launch of the group’ s new divisions.
Right now, in Cape Town, land and development costs are rising. Serviced land in prime industrial and logistics nodes( like Airport Industria, Montague Gardens, Brackengate) is already in short supply. This has pushed up land prices by double-digit percentages in recent years, leading to higher entry costs.
He says that high demand for commercial space, especially A-grade logistics and mixed-use office / residential developments, has compressed yields. Net initial yields in Cape Town are often 75- 150 basis points lower than in Gauteng.
However, he maintains that this is only making entry into the market via auction platforms even more important.“ The auction platform continues to provide an effective mechanism for price and demand discovery and unlocks liquidity in the marketplace. Many sellers and buyers across the country and in various segments are using the platform for a quick, transparent exit at market value,” he says.
34 REI MAGAZINE JUNE 2025