Newport-based property firm Paul Fosh Auctions has staked its claim to becoming the leading regional operator in the South West with the launch of its first sale over the River Severn.

The company, which has its head office in Lower Dock Street, says its first Bristol property sale, to be staged, on Tuesday, October 24, at the Holiday Inn, Filton, Bristol is the start of something big for itself, the South West and West of England.

Hugely experienced regional property expert Jay Ridsdale heads up the firm's new based in Bristol.

Jay, who has lived in the region for the past two decades, said: “This is a very exciting time for me and for the company. We are bringing a fresh, approach and a new energy to property auctions serving the South West and West of England.

“We are convinced that there is a huge demand for a Bristol based regional auction serving the South West of England. With the size and strength of the economy, large catchment population and motorway links, Bristol is the ideal location.

"We aim to become a magnet for property buyers and sellers in the area and become the leading regional property auctions business serving Devon, Cornwall, Somerset, Dorset, Wiltshire, Gloucestershire, Gloucester and Bristol.

“The regional property market is very strong currently. The catalogue for the first Paul Fosh Auctions Bristol sale has a real diversity of offerings which reflects the nature of the region we serve. There is a real mixture with land, residential, retail, development opportunities. We even have a mayoral title on offer and a section of the River Thames riverbed together with fishing rights.”

Paul Fosh, owner of the Newport-based auctions firm, said: “We’re thrilled to get our new business under way and also to have been able to appoint someone of Jay’s calibre and experience to help us to establish and then to rapidly expand our presence in Bristol, the South West and the West on England.”

Paul Fosh Auctions, which is consistently named number one for volume and value of annual property auction sales in Wales, is also opening a new auction sale based in North Wales.

The Paul Fosh Auctions Bristol sale is The Holiday Inn Bristol, Filton Road, Bristol starting at 5pm.