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Homes Memorial Parks REIT

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 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…

R6.2bn housing project for Gauteng

Cape Town - Calgro M3 on Tuesday announced a multi-billion rand housing project in Gauteng that is set to bring estate living, long the preserve of wealthier South Africans, within the reach of lower income earners.

A statement from the Johannesburg-based developer said construction would soon start on the R6.2 billion housing project. Yet, unlike most other self-contained estates and housing developments, Leratong City targets previously disadvantaged people and lies in a previously disadvantaged township…

Calgro’s projects get set to deliver

The uncertain economic environment will not deter integrated housing developer Calgro M3 in its efforts to expand its project pipeline.

On Monday Calgro released impressive interim profit numbers with headline earnings per share increasing 30% to 66.5c for the six months to end August. Revenue rose 39% to R573m.

More critically, the company reported a more than R19bn project pipeline with a dozen active projects "in the ground" that were set to start generating…

Calgro patient with new venture

By Roy Cokayne , Johannesburg - The new business venture by Calgro M3 Holdings, focusing on the development of private memorial parks, was expected to make some contribution towards the listed affordable housing developer's year-end financial results.

The venture failed to make any material contribution to the financial results of the group in the six months to August, but Calgro chairman Ben Pierre Malherbe stressed that setting up a new business…

Calgro M3 HEPS up almost 30%

Interims to end-August 2015. ‘We’ve got 12 projects all contributing towards revenue – Ben Pierre Malherbe – CEO, Calgro M3

SIKI MGABADELI: Hybrid property developer and construction company Calgro M3 reports strong interim results despite the tough trading environment in the six months to end-August. Calgro reported a 29.98% rise in headline earnings per share to 66.25c. That’s compared with the year earlier period. And the board said its main focus during the period…