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Homes Memorial Parks REITRetirement Estate

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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Effective strategy and variable operating model ensure Calgro M3 successfully navigates taxing economic climate

Highlights

  • Core headline earnings increased by 6.97% to 143.47 cents per share (“cps”)
  • Combined revenue increased by 16.71% to R2.3 billion
  • First international funding of R387 million (€25 million) raised
  • Level 1 B-BBEE contributor
  • Memorial Parks contributed 5.14% of Group profit after tax
  • Property Development and Memorial Parks Project pipeline of R27.5 billion

Johannesburg, 14 May 2018– Today Calgro M3, the JSE-listed property and property-related investment company, released its…

Turnkey developer Calgro M3 secures €25m (ZAR 387m)unsecured funding from international development finance institution Proparco

Johannesburg, 25 October 2017– JSE-listed property developer Calgro M3 Holdings Limited (“Calgro M3”), together with Proparco,today announced further information pertaining to securing its first international funding, a facility for ZAR 387 million (equivalent to €25 million), on an unsecured basis for a period of six years. It is the intention of the Group to secure all international funding in South African Rands and not to be exposed to any foreign exchange risk on this facility.…

Diversification delivers results for Calgro M3 as revenue shows growth

Johannesburg, 16 October 2017 – Listed property developer Calgro M3 Holdings Limited ("Calgro M3") today released its interim results for the six months ended 31 August 2017. The Group, which is focused on large-scale integrated developments, real estate investments (rental units) and the development and establishment of private memorial parks, reported a pleasing increase in revenue of 40.24% to R1.0 billion, up from R720 million in the previous period.

Wikus Lategan, CEO of Calgro…

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…