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Affordable Housing Lifestyle Estates Memorial Parks

Calgro M3 is the developer of choice in selected markets through the consistent delivery of homes, rental units and memorial parks of the highest quality.

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Diversification of income stream pays off for Calgro M3

Highlights

  • EBIT increased by 11,4% to R119,6 million (2015: R107,5 million)
  • Net cash generated from operations increased to R94 million (2015: R32,0 million)
  • Borrowings decreased to R525,5 million
  • No fatalities during the period
  • Net debt to equity 0,53 (2016: 0,59)
  • HEPS down 1,7% to 65,13c per share

Johannesburg, Monday 17 October 2016 – Calgro M3, the listed residential property and memorial parks developer, today announced interim results for the six months ended 31 August 2016,…

New Real Estate Investment Trust sees massive move in addressing housing issues

Monday, 29 August 2016 - In a bid to alleviate the current shortfall of housing units in the low to mid segment of the residential market, Calgro M3 Holdings Limited (Calgro M3) and SA Corporate Real Estate Limited (SA Corporate) have announced the establishment of a joint initiative, in the form of a controlled company of a Real Estate Investment Trust (REIT).

SA Corporate and Calgro M3 will be the joint shareholders in the new…

Four new Jozi@Work packages pitched

Four exciting work packages for various municipal entities in Region C this quarter guarantees food on the table for numerous local families.

Local entrepreneurs recently gathered at the Discovery Recreation Centre where Joshco, Pikitup and Group Corporate and Shared Services (GCSS) presented unique job packages to be executed over the next three months.

The packages were presented under the Jozi@Workumbrella, which is aimed at not only fighting poverty, unemployment and inequality but also harnessing a…

Calgro M3: Land Acquires Remaining 30% Stake in Fleurhof Extension 2

Calgro M3 Land Proprietary Limited has acquired the remaining 30% stake in Fleurhof Extension 2 Proprietary Limited, a residential development company, from South African Workforce Housing Fund SA I and International Housing Solutions (RF) Proprietary Limited for ZAR243 million (USD15.54 million). All companies involved in the transaction are based in South Africa. Calgro M3 Land is a provider of real estate development services and a wholly-owned subsidiary of Calgro M3 Holdings Limited, a South African…