22 February 2021
Nottingham-based Auction Estates, owned and run by Bob’s former colleague, Paul Giles, has made enormous strides in the regional and national market since its foundation in 2016 – and having previously worked with Bob at Savills for more than 20 years, Paul is in no doubt about the value of the appointment.
He said: “There’s no question at all about Bob’s calibre. We formed a great partnership at Savills, selling millions of pounds worth of property from the rostrum - and on a personal level, I know exactly what he offers my in-house team.
“With 40 years’ experience in all aspects of the property market, Bob is well respected by his peers and is known for his personable, hands-on approach. That’s something that will dovetail perfectly with our working ethos here at Auction Estates.”
Bob is equally delighted with the move.
He said: “I’m really excited about this new opportunity. By embracing technology, Auction Estates has thrived on reaching a local, regional and global audience, with clients as far afield as Australia and the US. But it also recognises the importance of engaging with your local audience. That’s been one of the main reasons for my success. I can’t wait to put my expertise into action at Auction Estates.”
Auction Estates specialises in Corporate Recovery, Pension Funds and Local Authorities on behalf of High Street banks and strategic disposals for pension funds & local authorities, as well as private sales.
Paul said: “When I left Savills in 2016 to set up my own auction company, there were already half a dozen local auction houses in operation. But by putting together a small, dynamic team and selling all kinds of property across the UK - from land on the Isle of Wight to shops and flats in the Welsh valleys or in far-flung Scottish fishing villages - we’ve made extraordinary progress & are now regarded as Nottingham’s Leading Auction House.”
Both Bob and Paul will continue to conduct their own face-to-face viewings, which enables them to relay the relevant information back to their clients to ensure the highest level of service is provided - and as the market continues to rally, Paul believes Bob will be the perfect man to help take his company to the next level.
He said: “Now, more than ever, people are tired of the long winded uncertainty of traditional house sales which are prone to abortive transactions. What they want is quick, transparent and secure sales and by adopting the auction process they can adapt to changing market conditions which in the long term benefits sale prices – and that’s exactly what the auction route provides.”
He added: “I see the market growing substantially over the next ten years so this is the perfect time to bring Bob on board. His market knowledge is truly unrivalled, everybody in the property market knows him and his ability to engage with all sectors is something you won’t find in even the most talented of young auctioneers.”
Auction Estates’ next auction will be held on 18th February with more than 40 lots from across the UK.