​CTS expands business in joint venture with In2assets

​CTS expands business in joint venture with In2assets

October 05, 2021 / 21 days ago

​CTS expands business in joint venture with In2assets cover image

Cape Thoroughbred Sales (CTS) announced on Tuesday an expansion of their business interests via a joint venture with In2assets, one of South Africa’s leading property auction companies specialising in commercial, industrial, agricultural, and residential properties.

CTS MD, Grant Knowles, said that the company’s location and good database of Cape businessmen, entrepreneurs and property owners, provided an ideal opportunity for this venture. He said: “Many of our clients at CTS are from the higher income groups, some are high-profile business people with extensive asset portfolios and they all have periodic needs in the property industry. In combining forces in the greater Cape Town area with its active and buoyant market, CTS and In2assets will provide property sellers with an exclusive database of buyers to streamline their sales experiences.”

Durban-based, In2assets is a partnership of four individuals, managed by Hein Hattingh – who happens to be a racehorse owner - with Andrew Miller as Group Auctioneer.

Miller, the thoroughbred industry’s most experienced auctioneer, with his own wide-ranging experience in auctions of other commercial natures, commented: “In2assets has been doing business for 9 years. We have a team of marketing experts with over 80 years collective experience in property sales and state of the art technology, which makes transactions seamless, combining online auction technology with a live auction experience.”

He added: “We have sold in excess of R5-billion worth of properties, including the R120-million Richards Bay Shopping Centre, the R95-million Berg View Complex in Harrismith and, during lockdown, we sold a warehouse complex in Jacobs, Durban, for R85-million via our Live-Studio Online auction platform.”

Miller echoed Knowles’ assessment that CTS is an ideal partner for his concern and said: “We have offices in Durban, East London, Johanesburg and Gqeberha, and having a base in Cape Town with an established partner like CTS, is the next step in our growth and development. For them, it is about expansion of their interests; for us it is about creating awareness of our business expertise and our access to high-profile property owners and buyers. There is a synergy between us which we will employ for the best service and results.”

Any business or property owners seeking advice for the sale of their properties or farms, please get in touch with Grant Knowles or Jacques Chowles at CTS.

Grant: grant@cthbs.com or 0828829774

Jacques: jchowles@cthbs.com or 0794593022

Phone: (+27) (0) 21 - 8730734