Raptis Group back in the development game, eying revenue of up to $7.7m

 Raptis Group (ASX: RPG), the Gold Coast company that has remained relatively dormant for more than a decade after dominating the city’s development scene during the pre-GFC, looks set to get back into the local development game that could contribute future earnings of up to $7.7 million.

The listed company has been languishing for years despite the Gold Coast’s latest high-rise boom, which has led to a healthy development pipeline for company founder and RPG executive chairman Jim Raptis and his eponymous private company, Raptis.

After moving the company’s focus towards the acquisition of management rights in recent years, RPG has announced it is looking to secure three project management agreements that will take the company back to its development roots. The company had previously revealed its first project management deal would be for the private Raptis company’s planned $160 million development, Pearl Main Beach.

Read More: https://www.businessnewsaustralia.com/articles/raptis-group-back-in-the-development-game--eying-revenue-of-up-to--7-7m.html



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