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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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Calgro shares peak after Hollard partnership

HYBRID property developer and construction company Calgro M3, now bigger than Aveng, continues to shine in an industry few investors are willing to bet their money on.

This week, the developer of integrated residential housing, which took the unconventional route of entering the funeral industry in May, announced that it had partnered with Hollard Insurance to provide funeral policies for burials at its new memorial park in Nasrec, south of Johannesburg. The share price shot…

Calgro M3 keeps riding on housing upswing

Calgro M3, the best performing stock on the JSE over the past five years, expects revenue and earning growth until at least 2018 as demand for lower priced houses outpaces supply

 

SA's best-performing stock sees low-cost housing boom

Calgro M3 benefits from government efforts to subsidise low-cost housing for poorer families.

Calgro M3, the best performing stock on the Johannesburg Stock Exchange over the past five years, expects revenue and earnings growth until at least 2018 as demand for lower-priced houses outpaces supply. The developer of residential housing has a 19 billion-rand ($1.6 billion) project pipeline over the next decade, and is in talks to as much as double the size of some…

Calgro M3 builds on housing supply gaps

CALGRO M3, the best-performing stock on the JSE over the past five years, expects revenue and earnings growth until at least 2018 as demand for lower-priced houses outpaces supply.

The housing developer had a R19bn project pipeline over the next decade, and was in talks to as much as double the size of some developments under construction, CEO Ben Pierre Malherbe said this week. The company's annual profit has gained every year since 2011.

Calgro…

Calgro M3's memorial parks business

Business Report highlighted that Calgro M3 Holdings maintains its new business venture focusing on the development of private memorial parks would de-risk the group from its dependence on power utilities for the provision of power. Ben Pierre Malherbe, the chief executive said the memorial parks project was founded on the principle of using group owned land parcels not suitable for residential development and was currently in the pilot phase of development.Mr Malherbe added that this…