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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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The project was developed on privately owned land in partnership with the City of Joburg, Dept Housing and consisted of the upgrading of bulk and link infrastructure including the construction of the 90MVa Pennyville sub-station, township reticulation consisting of roads, storm water, sewer, water and electrical infrastructure and including the construction of all of the top-structures;

Through the Pennyville housing project, the City of Johannesburg only eradicated the Zamimpilo informal settlement, but it also provided housing opportunities for the Orlando East backyard dwellers. Beneficiaries also came from Riverlea, Noordgesig and the Wesbury neighbouring communities.

A crèche was built free of charge as part of the group’s corporate social investment with a total value of R3,5-million and was developed and donated to the City of Johannesburg by Pennyville Zamimpilo Relocation (PZR), a subsidiary of Calgro M3 and Absa Group, in support of the City's Early Child Development programme. The crèche has four classrooms, an office, kitchen, activity room, sick room and two sets of bathrooms. The City has also provided a satellite library service that will go a long way towards providing the local community with much-needed books. A school and clinic were completed in 2009.

The development will include the following urban amenities:

The Pennyville development south west of Johannesburg on new Canada road and comprises 2 800 units. Constructed in four phases, the integrated housing development offers four different housing options for beneficiaries:

  • 1 578 fully subsidised RDP houses
  • 600 Johannesburg Social Housing Company (Joshco) subsidised rental units – families from Zamimpilo that do not qualify for a housing subsidy and households earning between R3 500 and R7 500 a month

  • 804 open market rental units


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