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November 22, 2011updated 12 Apr 2017 4:10pm

Demand takes Euro Auctions Down Under

The Northern Ireland-based auctioneer, which sells used equipment including ex-lease, will open its first operation in the southern hemisphere at the beginning of next year. Euro Auctions, the largest UK-headquartered auctioneer of construction plant and industrial equipment, also has sites in Leeds in the UK, Dormagen in Germany and opened a site in Valencia, Spain a year ago.

By Grant Collinson

Industrial plant and equipment auctioneer Euro Auctions has expanded its operation with a site in Brisbane, Australia.

The Northern Ireland-based auctioneer, which sells used equipment including ex-lease, will open its first operation in the southern hemisphere at the beginning of next year.

Euro Auctions, the largest UK-headquartered auctioneer of construction plant and industrial equipment, also has sites in Leeds in the UK, Dormagen in Germany and opened a site in Valencia, Spain a year ago.

The latest expansion was in reponse to “the bouyancy” of the Pacific Rim economies and an increase in demand for equipment, plant and machinery from the Australiasian region, according to the company’s management. 

Consumer demand for better links between Europe and the Australasian market and strong demand for plant and equipment  from the Australian mining sector, which is benefiting from strong trade in raw materials with the Far East and China in particular, were also identified as factors.

Jonnie Keys, general manager at Euro Auctions, said: “Euro Auctions has a strong international seller and buyer base, with an existing contingency of customers in the Far East who consign to other Euro Auctions sales and will consign to the new auction facility in Brisbane.

The site will hold four sales annually, the first of which will be in March 2012, in addition to consignment and off-site sales.

grant.collinson@vrlfinancialnews.com

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