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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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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 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…

Calgor M3 HELPS up almost 30% - Ben Malherbe - CEO, Calgro M3

Calgro M3 CEO, Ben Malherbe, was interviewed on Moneyweb discusses how his organisation is showing steady and solid growth in a property market that is quite uncertain. The full interview can be heard here.

South African stocks book biggest drop in 6 weeks, track global markets

JOHANNESBURG (Reuters) - South Africa's main stock index booked its biggest daily percentage decline in more than a month on Wednesday, tracking global markets as anxiety from a sell-off in global government bonds spread to equities.

U.S and European bonds were sold off due to a stand-off between Greece and its lenders as well as worse than expected U.S private jobs data.

That led to sell-off in gold and platinum but was not…

Calgro M3 moves into the burial business

JSE-listed residential property developer Calgro M3 will next month launch a new subsidiary that will provide permanent homes to the departed.

With its first private memorial park (a commercially operated graveyard) opening at Nasrec near Soweto next month, Calgro M3 Memorial Parks hopes to transform the burial business countrywide and contribute significantly to group revenue and profitability.

The group has already invested R75 million in the Nasrec site. This went toward construction of the company's…