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Dec 15, 2008:
Two months since listing on the JSE AltX, newcomer Quantum Property Group will be included in the AltX 15 Index. Listed property company, Quantum Property Group (QPG) will be included on the FTSE/JSE AltX 15 Index with effect from December 22.
The index measures the Top 15 Companies on AltX by market capitalisation and QPG is ranked number 13. QPG has a market capitalisation of R301,3m. It listed in October 2008 during challenging global economic circumstances.
QPG raised R32,3m prior to its listing on AltX through the issue of shares to select investors at a range between R1,50 and R1,80 a share.
The share subsequently debuted on AltX at R2,25 a share and is currently trading around R1,98. The group's current development project is ‘15 on Orange', a premier mixed-use development in Cape Town which will be valued at close to R1bn on completion next year.