New auction business

Vendors of commercial property in the South West can benefit from a new service just launched by CB Richard Ellis (CBRE) – a commercial property auctions team.

The team, comprising some of the industry’s best-known talent including John Townsend who joins CBRE as Executive Director, has been established within CBRE’s Capital Markets Group.  It will work alongside CBRE’s regional office in Bristol focusing on traditional in-room auctions as well as on-line sales and small lot private treaty sales for a wide variety of clients including institutions, property companies, banks and private investors. 

Garry Hicks Managing Director of CBRE in Bristol said: “The new service gives us an additional offer to clients when considering strategies for maximising sales proceeds. Local clients will benefit from the national exposure involvement in our auctions service will bring.”

He added: “We have a number of properties that may suit sale through auction and private treaty and are already working with these clients to explore this opportunity further.”