QPG - Quantum Property Group Limited - Renewal Of Cautionary Announcement
QPG
QPG
QPG - Quantum Property Group Limited - Renewal Of Cautionary Announcement
QUANTUM PROPERTY GROUP LIMITED
(formerly Anbeeco Investment Holdings Limited)
Incorporated in the Republic of South Africa
(Registration number 1984/002788/06)
Share code: QPG & ISIN: ZAE000125647
("QPG" or "the company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 23 February 2009, shareholders of
QPG are advised that negotiations with Savana Trust to acquire 25% of the issued
share capital of Savana Property (Proprietary) Limited, which is developing the
Sandton Eye, a new mixed used development currently under construction in
Sandton ("the Sandton Eye" or "the development") are still in progress, which if
successfully concluded may have a material effect on the price of the company`s
securities.
QPG`s potential R75 million investment in the Sandton Eye follows a similar
format to QPG`s flagship development - 15 on Orange situated in Cape Town which
is due for completion in June/July 2009. The Sandton Eye development includes an
upmarket niche retail centre of approximately 5 000 square meters, offices of
approximately 20 000 square meters, a 5-star Radisson Blu Hotel and 12 luxury
penthouse suites and is estimated to be valued at approximately R1.4 billion on
completion.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the company`s securities until a further announcement is made.
Johannesburg
6 April 2009
Designated Adviser
Merchantec (Proprietary) Limited
Date: 06/04/2009 09:00:01 Produced by the JSE SENS Department.
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