Richard Auterac, Peter Cunliffe and Charlie Powter have
launched Acuitus, a West-End based company focussed on real estate
auctioneering and investment throughout the UK.
The three founding directors, who for many years previously ran
the auction department within global property consultancy Jones
Lang LaSalle, recognised that buyers and sellers are now looking
for specialist providers in this marketplace.
Jones Lang LaSalle is fully supportive of the new venture and
has uniquely transferred the auction business to the founders in
order to ensure Jones Lang LaSalle clients continue to have the
auction route to market and the right disposal advice for property
and portfolio sales.
Acuitus will hold its first auction on 27 May at the Millennium
Hotel in London's Grosvenor Square. The team, which comprises the
three founding directors together with three of its former team, is
currently taking sale instructions from major property owners
including Barclays Bank Plc amongst others. Future auctions are
planned later in the year for July, October and December.
Richard Auterac, chairman and auctioneer said 'our clients have
asked for a personal and specialist independent auctioneering and
investment service which can provide innovative and adaptable
"At a time when clients need a robust and efficient marketplace,
we have responded by setting up Acuitus. We see this as being very
timely for receivers, administrators and banks as the economic
cycle turns full circle. In addition there is much speculation
around government-owned properties and the need to realise capital
for repayment of the national debt. With total visibility the
auction route offers a transparent and publicly accountable method
of sale which the Government cannot ignore."
"Auction is a specialist service and I am delighted that we will
continue to provide advice on this type of disposal to all the
clients of Jones Lang LaSalle so that we ensure there is continuity
in the service."
"As an auction team we have the experience and a successful
track record of selling the better quality, larger lot sizes at
auction for major property owners in the UK. Our clients will
benefit from the dedication, energy and depth of knowledge provided
by our six-strong team and, in particular, we look forward to
further strengthening our relationships with investment agents and
advisors who will benefit from this independent approach."
For further information please contact:
DDI: +44 (0)20 7034 4851
M: +44 (0)7836 742833