Saturday, 28 July 2012

Ritchie Bros. Auctioneers to feature late-model agricultural and asphalt plant equipment at upcoming northern Illinois auctions PR Newswire

Ritchie Bros. Auctioneers to feature late-model agricultural and asphalt plant equipment at upcoming northern Illinois auctions

PR Newswire

Auction highlights include a large selection of combines, agricultural tractors and sprayers as well as a selection of industrial equipment that formed part of an asphalt plant operation in Bristol, IL

CHICAGO, IL, July 27, 2012 /PRNewswire/ - To kick start August 2012, Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest auctioneer of farm, construction and other heavy equipment will conduct two unreserved public auctions in northern Illinois, featuring late-model agricultural and asphalt plant equipment as well as a large selection of transportation and construction equipment. Starting on Wednesday, August 1, Ritchie Bros. will conduct a complete equipment dispersal for Aurora Blacktop Inc. as part of an unreserved public auction in Aurora, IL. Highlights include a selection of wheel loaders, hydraulic excavators, motor graders, truck tractors, dump trucks and other industrial and plant equipment. Then, on Thursday, August 2, Ritchie Bros. will sell more than 1,500 heavy equipment items, including 50+ combines, 35+ truck tractors, 20+ ag tractors and more at the Company's permanent auction site in Chicago (Morris), IL. All items at the Aurora and Chicago unreserved auctions will be sold to the highest bidders regardless of price. Bids can be made in the unreserved public auctions on-site, online in real time at www.rbauction.com or by proxy.

"If you're looking for well-maintained, late-model equipment for your farm, transportation fleet, or upcoming building project, you'll be able to find it at our upcoming public auctions in northern Illinois," said Danny Shepley, Regional Sales Manager, Ritchie Bros. Auctioneers. "We know these are trying times for our agricultural industry—so for those interested in the farming equipment featured in the Chicago auction, we will have on-site financing available on the day of sale."

The Chicago auction currently features more than 1,400 heavy equipment items from more than 170 owners. While agricultural equipment is a large feature, there is something for everyone at next week's unreserved public auction. Some specific auction highlights include:

Two 2011 John Deere 9870STS 4x4 large grain combines Two Case IH Steiger 550 QT quadtrac tractors — one 2012 and one 2011 Seven John Deere 9630 4WD tractors — four 2011 models, one 2010, one 2009 and one 2008 More than 75 T/A truck tractors, including a 2007 International 7600 A selection of 13 — 2007 Mack CXN613 Vision truck tractors A 2006 Volvo L110E wheel loader More than 15 hydraulic excavators, including a 2006 Caterpillar 320CL Two 2003 Caterpillar D7R crawler tractors and much more!

In addition to asphalt plant equipment being sold by Ritchie Bros., a selection of real estate properties, including four parcels of farmland, will be sold by Brummel Realty, LLC during the auction on August 1 in Aurora. The properties are located in the community of Bristol Township, in Kendall County, IL and form part of the complete dispersal for Aurora Blacktop Inc. Property highlights being sold by Brummel Realty, LLC, include:

Parcel 1: 28.69± title acres, including an asphalt plant, an office building, a wick pole building and a 2-story office building Parcel 2: 35.26± farm acres Parcel 3: 34.98± farm acres Being sold together as one lot, Parcels 4 & 5: 19.63± and 20.12± farm acres

"After 65 years in business, the Aurora Blacktop Inc. family is getting ready for the next stage of their lives," added Mr. Shepley. "Their assets include a turnkey asphalt plant and equipment, buildings and the surrounding farmland — all in excellent condition after three generations of hard work and love put into the family-run business."

Aurora, IL (August 1) auction details:

Complete dispersal for Aurora Blacktop Inc. Auction location: 1250 East Beecher Rd., Bristol, IL 60512 Site phone: +1.815.941.6400 For Real Estate Inquiries: +1.630.553.3200 Real estate properties and asphalt plant will be sold by Brummel Realty LLC Equipment will be sold by Ritchie Bros. Auctioneers

Chicago, IL (August 2) auction details:

Featuring late-model agriculture, transportation and construction equipment Auction location: Ritchie Bros.' permanent auction site at 2400 Ritchie Rd., Morris, IL 60450 Site phone: +1.815.941.6400 On-site financing available through 1st Farm Credit Express: Available on all new and used equipment Minimum 25% down required with document signing Subject to credit approval Call or email to get information on being approved prior to the auction: +1.800.847.3702 or 1stfcs-express@1stfarmcredit.com

Ritchie Bros. auction registration details:

Every auction is open to the public; registration to bid is free; a refundable bid deposit may be required How to register and bid: In person at the auction site Online at rbauction.com - register in advance and bid online in real time on auction day; a refundable bid deposit may be required; first-time online bidders should register several days in advance of the auction By proxy - phone the auction site to place a proxy bid

About Ritchie Bros. Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. Ritchie Bros. offers services that enable the world's builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 44 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com

ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers

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Friday, 1 June 2012

Land Sale by Defense Ministry Brings Court Case 29 May 2012 By Rachel Nielsen

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Land Sale by Defense Ministry Brings Court Case

29 May 2012

By Rachel Nielsen

Sergei Nikolayev / Vedomosti

The Samara branch of the Federal Property Management Agency has filed a lawsuit against the Defense Ministry, alleging that the ministry auctioned off property for a price 2.2 times lower than its appraised value. Above, the Defense Ministry building in Moscow.

A firm with ties to the Defense Ministry has landed in hot water over the sale of real estate in a prime neighborhood in the southern city of Samara, with a federal agency saying the price tag was far too low, Kommersant reported.
Following the auction of about 5,200 square meters of land and buildings, the Samara branch of the Federal Property Management Agency filed a lawsuit in the region’s arbitration court seeking to have the auction declared null and void, Kommersant said Friday in its Volga edition.
A factory owned by the Defense Ministry, the Samara Clothing Equipment Repair Facility, filed bankruptcy in February 2011.
In March, the facility’s assets — the real estate — were sold at auction for 34.6 million rubles ($1.1 million) to a Samara-based company, Prombezopasnost.
The Samara branch of the federal agency said in court papers that “at a minimum, the price was 2.2 times lower than the price determined in an appraisal of the price made in accordance with the procedure in federal law.”
In spring 2011, the branch received a broker’s appraisal estimating the factory’s real estate assets at 76.6 million rubles. In its court documents, it said “the auction was conducted without the report of the government agencies having authority over the matter.”
The man who ran the facility’s bankruptcy proceedings said the same assets were sold at auction for about 6.5 million rubles in fall 2010, Kommersant reported. He said he already has been investigated by the police, the prosecutor’s office and the Federal Service for State Registration, Cadastre and Cartography because of the scandal.
Prombezopasnost didn’t comment to Kommersant about the possibility that the auction would be annulled.
Yelena Stryukova, a senior consultant for regional projects with real-estate firm Cushman & Wakefield, told The Moscow Times that property in Samara can cost from $200 to $450 per square meter, depending on its location and use. That suggests a range of $1 million to $2.3 million for a 5,200-square-meter property.

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Monday, 9 April 2012

Penbro estate expected to sell for $3.5m Philip Hopkins

Penbro estate expected to sell for $3.5m

Philip Hopkins

April 9, 2012

INVESTORS will need more than $3.5 million to buy the signature Penbro property in the Glenburn-Yea Valley district. The property in the Yea River Valley, within one hour and fifteen minutes from the city, will be auctioned by Pat Rice & Hawkins on May 25 at 2pm at the Glenburn Hall. It comprises 568 hectares, located at the junction of the Melba Highway and the Murrindindi Road, only 84 kilometres from the city. The property is being sold by businessman Neville Bertalli, who has owned it for 30 years. It was once owned and run as a stud cattle property by formula one driver Alan Jones.
In Bentleigh a handsome double-storey period building is tipped to fetch at least $2.25 million when it goes under the hammer later this month. Teska Carson will auction the property at 438 Centre Road on April 27 at 2pm. The 340 sq m building is being sold with vacant possession on behalf of the mortgagee in possession.
Knight Frank's Leigh Morris and Chris Tsolis and CBRE's Mark Wizel and Scott Orchard are jointly marketing a development site in Keilor. Located at 31-37 Keilor Road, the property is being offered for sale by expressions of interest closing on April 27, at 3pm. The site has an approved permit for a 7-storey and a 4-storey building consisting of ground floor retail and 106 apartments. The project, ''Ess Garden Apartments'', has been designed by prominent architects Rothelowman.
In Clayton, a new, self-contained and fully fitted-out office suite in the Monash Corporate Centre at 750 Blackburn Road will be auctioned by Crabtrees Real Estate on May 10 on site at noon. The office suite has a building area of 139 sq m and holds a Business 3 zoning. It was previously leased at an annual rental of $34,000, and is expected to sell in the mid-$300,000 range.
A significant property investment with strong cash flow and the security of a Commonwealth government tenant is available in Dandenong. Gross Waddell is selling 53-55 Robinson Street - the Family Law Courts - with the price range expected to be $6.5 million to $7.0 million. The Family Law Courts has occupied the premises since 1984 and a new five-year lease has just been signed on April 1. The annual rental is about $608,567.
In Footscray, a realisation auction of 48 Eleanor Street, occupied by Ambulance Victoria, will be held on April 20 at 1pm. The agent is Sutherland Farrelly. The 700 sq m property that is developed with a weatherboard building is situated directly opposite the Western Hospital.
Sutherland Farrelly is also helping to sell "Murray Park Farm", a rural holding of 83.99 hectares at Barooga with frontage to the Murray River. It will be sold by receivers' tender closing April 18 at 3pm, by Sutherland Farrelly in conjunction with Andrew Jenkins Real Estate (5871 1025). The property, at 153 Seppelts Road, has water entitlements of 480 megalitres. It's expected to sell for at least $11.5 million.
At Victoria Gardens in Richmond, Teska Carson will auction a property at 137 Kent Street on April 27 at noon. It comprises a single-storey building on land of about 207 sq m zoned Business 1. The property is leased on a monthly tenancy at $2500 per calendar month. The agents expect offers of more than $750,000.