Swanky Summer Place in Hyde Park sells for R129m

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A consortium of investors and developers buy the Johannesburg landmark property

Johannesburg’s Summer Place, well-known for hosting lavish events, weddings and conferences, has been sold on auction for R129m.

The live auction for the property on Melville Road in Hyde Park, halfway between Rosebank and Sandton, was conducted by Broll Auctions and Sales on Wednesday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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Auctions speak louder than words: Joburg’s Summer Place goes for R129mThe landmark property, formerly owned by twin brothers Abe and Solly Krok, went for well below its reserve price
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Auctions speak louder than words: Joburg’s Summer Place goes for R129mThe landmark property, formerly owned by twin brothers Abe and Solly Krok, went for well below its reserve price
Source: SundayTimesZA - 🏆 47. / 51 Read more »