BidX1 partners with South Africa’s Pam Golding
Irish digital auction company BidX1 has continued its overseas expansion, forming a strategic joint venture partnership with a South African property group.
BidX1, which moved into the UK market at the beginning of this year, said the tie-up with Pam Golding Properties was a key step in internationalising its auction platform.
Pam Golding Properties completes around 10,000 transactions annually and has a network of 2,000 agents working in more than 300 offices in sub-Saharan Africa, plus international offices including the UK, Mauritius and Seychelles. It also facilitates sales in Spain, Portugal, Germany, France, Cyprus, Grenada, Malta and the USA.
Irish digital auction company BidX1 has continued its overseas expansion, forming a strategic joint venture partnership with a South African property group.
BidX1, which moved into the UK market at the beginning of this year, said the tie-up with Pam Golding Properties was a key step in internationalising its auction platform.
Pam Golding Properties completes around 10,000 transactions annually and has a network of 2,000 agents working in more than 300 offices in sub-Saharan Africa, plus international offices including the UK, Mauritius and Seychelles. It also facilitates sales in Spain, Portugal, Germany, France, Cyprus, Grenada, Malta and the USA.
Stephen McCarthy, founder and managing director at BidX1, said: “Our focus is on using technology to enhance the experience of buying and selling property, making us a complementary partner for property agents and auction businesses who want to expand their market reach via our advanced digital platform.”
David Murphy, chief operating officer and director of BidX1 South Africa, said: “We’re excited to be combining our cutting-edge technology with Pam Golding Properties’ market-leading expertise to deliver an experience which will bring property auctions in South Africa into the digital age. BidX1 endeavours to offer the South African property market unprecedented levels of transparency, speed and worldwide exposure.
“We believe that greater transparency throughout the sale process provides a foundation of trust for both buyers and sellers. Transparency is the cornerstone of our business; from past results to real-time bids, everything is logged and displayed on our website. We believe digitisation and innovation will be the primary drivers of advancement in the South African property auction process.”
Andrew Golding, chief executive of Pam Golding Property Group, said BidX1’s auction sales channel would add value to its service offering.
“This partnership will indeed add a new dimension to the South African auction property market and thereby provide our agents, sellers and buyers with increased opportunities in this space,” he said.
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