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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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Turnkey developer Calgro M3 implements further water-saving initiatives

13 September 2017, Johannesburg - Recognising the increasing negative effects of climate change and cognisant of the fact that South Africa is a water-scarce country, JSE-listed turnkey residential developer Calgro M3 has implemented several further initiatives to improve water consumption. This includes measures for the post-construction phase to offset water consumed during construction, thereby producing a "water neutral" product.

One such measure is a device called "Save a Flush" by Dry Planet SA (Pty) Ltd,…

A holistic approach to the affordable housing market is key to success, says turnkey developer Calgro M3

Despite being plagued by significant challenges, not the least of which are the unfavourable economic environment and the overall lack of spend troubling the construction industry, there is reason to remain optimistic about the market, says turnkey residential developer, Calgro M3.

The key to success,says Wikus Lategan, CEO of Calgro M3, is innovation. "Very clear opportunities still exist in the market for developers, lenders and investors, particularly for homes in the affordable market, specifically costing…

Calgro M3: being responsible considering dire water shortage in Western Cape

Johannesburg, 3 July 2017 – Calgro M3, the listed property developer, involved in large scale Integrated Residential Developments, Real Estate Investments (rental units) and private Memorial Parks, today announced that as a result of the critical water shortages in the Western Cape, it has scaled down significantly on "wet work" construction activities at the Belhar and Scottsdene developments. To avoid the use of Municipal water supply, the Company hadonly used borehole water for the past…

Strategic repositioning pays off for Calgro M3

Highlights

  • Revenue increased 29,12% to R1,6 billion (2016: R1,2 billion)
  • Gross profit margin constant at 21.49% (2016: 20.89%)
  • No fatalities during the year
  • NAV per share up 23,78% to 798,35c (2016: 645,00c)
  • Cash on hand increased by 200,69% to R240,8 million (2016: R80,1 million)
  • Net debt to equity 41,82% (2016: 59,30%)
  • HEPS declined 4,23% to 133,08 cps (2016: 138,96 cps)

Johannesburg, 15 May 2017 – Calgro M3, the listed property developer, involved in large…

Strategic repositioning pays off for Calgro M3

Highlights

  • Revenue increased 29,12% to R1,6 billion (2016: R1,2 billion)
  • Gross profit margin constant at 21.49% (2016: 20.89%)
  • No fatalities during the year
  • NAV per share up 23,78% to 798,35c (2016: 645,00c)
  • Cash on hand increased by 200,69% to R240,8 million (2016: R80,1 million)
  • Net debt to equity 41,82% (2016: 59,30%)
  • HEPS declined 4,23% to 133,08 cps (2016: 138,96 cps)

Johannesburg, 15 May 2017 – Calgro M3, the listed property developer, involved in large…