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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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Africa is not for us - Calgro M3

Building residential housing for low-income people may not seem like a path to riches, but the folks at Calgro M3 seem to be doing OK. They recently announced a multi-million dollar deal to build low-cost housing in Namibia, and have seen their share price jump as a consequence. Interestingly, however, Calgro business development director Derek Steyn says that, despite the lucrative Namibia contract, Calgro has no plans to expand into the rest of Africa. This…

SA ontwikkelaar brei groot uit in Namibië

Eerste fase van projek behels 2 500 eenhede

'n Kunstenaarsvoorstelling van die wooneenhede in die Otjomuise-projek van R812 miljoen in Windhoek. Die eiendomsontwikkelaar Calgro M3 het 'n kontrak vir die oprigting van duisende wooneenhede in Namibië losgeslaan.

Die Otjomuise-projek R812 miljoen in die noordweste van Windhoek is sy eerste tree buite Suid-Afrika.

Derek Steyn, Calgro se uitvoerende direkteur vir sake-ontwikkeling, sê die maatskappy brei voorlopig net na Namibië uit omdat daar te veel risiko's in…

Calgro lauds strong order book in reporting period

CALGRO M3, a builder specialising in Reconstruction and Development Programme (RDP) houses, grew its headline earnings per share 26.96% to 40.16c in the six months to August, the group reported on Monday.

Group revenue climbed 8% to R434.6m.

CEO Ben-Pierre Malherbe praised Calgro M3's ability to maintain a strong order book during the reporting period.

Mr Malherbe said there had been increased activity in the installation of civil and electrical infrastructure overall…

Scottsdene families celebrate as City hands over keys for new subsidised houses

As part of the City of Cape Town's efforts to create integrated and sustainable communities across Cape Town, the City today handed over keys to families as part of the Scottsdene Housing Project.

83 Scottsdene families today received keys to the first completed subsidised houses of the R4 million Scottsdene Housing Project from the City of Cape Town's Mayoral Committee Member for Human Settlements, Councillor Tandeka Gqada.

These families are the first recipients to benefit…

Calgro M3 grows its pipeline of projects

Calgro M3 Holdings had grown its secured pipeline of projects to more than R10 billion in the year to February from R8bn in the previous year and created more than 5 000 direct new sustainable job opportunities, the listed affordable housing developer said yesterday.

Ben Pierre Malherbe, Calgro's chief executive, said the company had been able to create these new jobs through the group's policy of using local labour and conducting skills training on site.…