In a move that sees Simon Riggall, Auctioneer, Richard Argles and Graham Johnston join the business from Colliers International, we are making an entrance into the auction market. Their client base draws largely from the public sector, private and institutional investors and the insolvency sector.
Ezra Nahome, CEO, said: “To bring in an experienced and reputable auction team is a great opportunity for us. It is a natural fit with our national platform and provides our clients with another important route to market.”
Over £930m raised for public sector organisations
The auction team has a strong presence in the public sector having sold for over 150 local authorities and over 60 government bodies, with sales over the last six years raising over £930m.
Ezra commented: “The public sector is highly active at present and given that 25% of our revenue is derived from this sector, the auction team will provide an important service to our clients. In addition, the recovery sector has not as yet seen material sales of smaller lot properties, ideal for the auction market. We expect this to change over the next twelve months.”
Our national network is an excellent platform
Simon Riggall said: “After discussions with several firms, we chose to join LSH because its extensive national network and capabilities provides the perfect platform upon which to base our national auction service. In addition to London, a large scope of our work is carried out in the regions; LSH's 26 office locations around the UK and Ireland is the ideal service delivery business model for our national and local requirements.”
Our auction team will hold national and regional auctions, the first of which will be in London in November.