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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 and memorial parks of the highest quality.

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Calgro M3: “First half of FY2021 akin to The Good, The Bad and The Ugly”


  • Cash on hand of R246.0 million plus undrawn overdrafts
  • Facility for R215.0 million from the National Housing Finance Corporation (“NHFC”) secured and drawn on in September 2020
  • Cash generated from operations of R115.7 million
  • Memorial Parks revenue increased by 75% for the period
  • Level 1 B-BBEE Contributor Status
  • No dividend has been declared for the period ended 31 August 2020 (August 2019: Nil)

Johannesburg, 19 October 2020 - JSE-listed Calgro M3, a…

Calgro M3 to build vital student accommodation in the Western Cape

Johannesburg, 14 September 2020 - JSE-listed integrated residential property and Memorial Parks developer Calgro M3 recently broke ground on student accommodation for the University of the Western Cape at the group’s Belhar CBD development. With a critical shortage of student housing across South Africa, this will help ease the pressure in Cape Town for affordable accommodation of this nature.

The accommodation is to be built on three parcels of land located adjacent to one another within…

Calgro M3 dramatically improves cash generation and reserves, and heads back to profitability


  • Cash generated from operations R464.2 million
  • Headline earnings per share increased by 108.7% to 1.77 cents profit per share
  • Cash on hand of R255.1 million

Summary of the year:

  • Excellent cash generation and balances at year-end
  • Group returned to profitability
  • Enhanced focus on efficiencies and sales in the Memorial Parks business
  • Outsourced construction function without compromising margin
  • Frankenwald development secured (three-year option period remaining)
  • Construction of Fleurhof and South Hills sub-stations…

Calgro M3 donates sanitisers to those in need at its Fleurhof development

Johannesburg, 27 March 2020 - Turnkey residential property and Memorial Parks developer, Calgro M3, worked closely with key community leaders to donate over 3,000 bottles of much-needed hand sanitiser to the Fleurhof community yesterday, ahead of the country’s 21-day COVID-19 lockdown, which came into effect at midnight on 26 March.

Over and above the 3,000 bottles distributed, other beneficiaries in need of urgent assistance included the nearby Military Veteran Unit and the Florida Police Station, which…

Calgro M3 preserves cash to ensure long-term sustainability


  • Cash generated from operations: R449.5 million
  • Cash on hand increased by 67.5% to R205.4 million
  • South Hills development won the Sustainable City’s and Human Settlements Award from the United Nations (“UN”)
  • Level 1 B-BBEE Contributor Status
  • Secured the Frankenwald (Buccleuch, Gauteng) project on a four-year option agreement

Johannesburg, 21 October 2019 - JSE-listed Calgro M3, the property and property-related investment company involved in Integrated Residential Developments, Residential Rental Investments and the development…