Auctioneers ready to bring Joburg's iconic skyscraper under the gavel

Joburg's iconic skyscraper up for sale

JOHANNESBURG - Johannesburg's iconic skyscraper, Ponte Tower is up for sale.

Auctioneers behind the tender have confirmed the tower is receiving much interest widely.

READ: Going, going sold: Joburg's iconic "love story" building goes on sale

eNCA reporter Nokwazi Qumbisa spoke with Dlala Nje Tour guide Alvaro Tshikapa who shared some interesting facts about the construction of the building.

"The building is originally constructed on top of a mountain," Tshikapa said while explaining a large rocky outcropping's presence in the centre of the building's interior.

The tower's hollow core offers a dizzying view of the courtyard and plenty of light to the apartments
AFP | EMMANUEL CROSET

Lesley Saunders, head of Marketing for Broll Auctions and Sales, described some of the challenges facing the sale of the building, saying, "You can't get away from the problems that Joburg has experienced but I think that, from our perspective, increasing security gives people a sense of stability and draws people back towards the City."

READ: Negative image blights landmark Johannesburg skyscraper's rebirth

By the 1980s and 1990s, the building experienced high levels of crime, overcrowding and neglect - falling into the hands of building hijackers.

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