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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 preserves cash to ensure long-term sustainability

Highlights

  • 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…

Calgro M3 positions the group for growth, despite challenging market conditions

Highlights

  •  Remained a Level 1 B-BBEE contributor
  • Cash generated from operations R298 million
  • 4 436 units sold – construction to commence - R 1.7 billion excluding VAT
  • Conservative management estimated valuation of an additional R1.4 billion in tangible asset value locked in the balance sheet (Excluding joint venture interest and discounted by 30%). In addition, excludes 630 000 m2 commercial, industrial and retail land

Johannesburg, 13 May 2019: JSE-listed Calgro M3, the property and property-related investment company…

Building and Decor - Urbanity for humanity

With urban and social sustainability too often ignored in affordable housing projects, New Urban has designed an urban framework that re-imagines housing for the City of Cape Town.

The Scottsdene Housing Project is a four-year integrated housing project in Scottsdene, Kraaifontein, where complete infrastructure development is being achieved by means of a public-private partnership between the City of Cape Town and Calgro M3 Developments. The R554-million project consists of 2 897 residential opportunities and the…

Despite current challenges, Calgro M3 remains committed to delivering shareholder value, with attractive prospects in place

Highlights

  • Memorial Park sales increased by 128.24%
  • Acquisition of Durbanville and Bloemfontein (Avalon) Memorial Parks
  • Level 1 B-BBEE contributor
  • Balance sheet remain strong with management estimate of nett tangible asset value in excess of R 3,5 billion

Johannesburg, 22 October 2018 - JSE-listed Calgro M3, the property and property-related investment company involved in Integrated Residential Developments, Residential Rental Investments and the development and management of Memorial Parks, today released interim results for the six months…

Calgro M3 expands Memorial Parks business with the intention of it contributing a third to profit in the future

Johannesburg, 18 July 2018 - Calgro M3, the JSE-listed property and property related investment holding company involved in integrated residential developments, memorial parks and rental property, has expanded its Memorial Parks business to include two more provinces – the Western Cape and the Free State. This brings to five the total number of memorial parks owned and managed by the Group. There are further plans in place to acquire parks in KwaZulu-Natal, the Eastern Cape…