From fire sales to strategic restructuring: The High Street Auction Co rethinks disposal of assets in the modern age
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.
High Street Auction’s schools buyers to invest in private sector education
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.
Nearly R900 million in properties to come under the High Street Auction’s hammer
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.