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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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1995 Brothers, Derek Steyn and Deon Steyn established Calgro and was later joined by brother Douw Steyn.
2000 M3 Developments was established by brothers Ben Pierre Mulherbe and Brand Malherbe.

The Steyn brothers - Derek, Deon and Douw - joined forces with the Malherbe brothers to take on a residential development in Gauteng.

Calgro M3 Developments is born.

2002 The Group completes its first 1 000 houses aimed at the affordable market, diversifies into mid-to-high income residential market.
2007 Calgro M3 Holdings lists on the AltX board of the JSE as a developer specialising in the mid-to-high income segment of the market.
2008 Embarks on its first integrated residential project of 2 800 units, namely Pennyville Ext 1.
2009 Group breaks ground on the R4,2 billion, 10 411 unit Fleurhof Integrated Development.
2010 Pennyville completed. Secured Jabulani CBD project. Awarded Jabulani Hostels redevelopment first phase of 500 units.

Group breaks ground on the 1 051 unit Brandwag Social Housing Project in Bloemfontein, the first project outside Gauteng.

Calgro M3 offices opened in the Western Cape.

Calgro M3 ventures into the Western Cape with the announcement of 2 885 unit Scottsdene Integrated Project.

2012 Calgro M3 lists on the JSE Main Board. Secured the second project in Western Cape, the Belhar project, estimated turnover R1 billion.

Agreement signed for R5 billion, 14 000 units Kwa Nobuhle in the Eastern Cape Province.

Completion of first phase of Jabulani Hostel development.

Environmental approval to proceed with R2,4 billion, 6 204 unit South Hills development.

Jukskei View sold out.

Installing infrastructure on the R499 million, 320 unit La Vie Nouvelle Retirement and Lifestyle Estate.

Commenced installation of infrastructure on the R735 million Witpoortjie project aimed at the affordable housing market.

Commenced construction on the newly acquired R145 million Sagewood project after completing the installation of infrastructure.


Awarded the R798 million, 2 523 - unit Otjomuise project in Namibia, signalling the Group’s cautious expansion outside the South African borders.

Awarded R225 million second phase of Jabulani Hostels project.

Commences construction on R735 million Witpoortjie and R145 million Sagewood projects.

Breaks ground on the South Hills development.

Entered into JV with Esor to develop the R2,5 billion Tanganani Ext 14 project.

Entered into development agreement to develop the R1,9 billion Vista Park Ext 3 project.

2015 Entered into the Memorial Parks development market through the Nasrec Memorial Park.

Entered into a Real Estate Investment Trust joint venture with SA Corporate Real Estate.

Purchased Fourways Memorial Park, the Group’s second memorial park.