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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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The table below is indicative of the processes involved with Calgro M3’s property development model.

Guiding principles that set us apart

Building legacies, Changing lives.

Calgro M3 has operated as a residential property developer since 1995. In 2015 the Group ventured into the development of Memorial Parks. Calgro M3’s market is driven by the need for housing and burial sites. For all of the above there is a dire shortage in South Africa. Across the spectrum of products there is an underlying fundamental that Calgro M3 will ensure quality products, which enhance lifestyles and allow for dignity.

What does this mean?

Calgro M3 is driven in its purpose to deliver quality products and services to South Africans in segments where there are fundamental shortages. By building truly integrated developments which have access to transport, clinics, shopping centres, education, day care, rainwater harvesting and many more benefits and making available safe, secure and well-maintained burial sites, the lives of people are improved and dignity restored.

Social consciousness

In all that we do, we ensure that our social consciousness is in the right place. Our homes for sale or rent are quality built, in areas where housing shortages exist, close to modes of transport, with access to educational facilities, with sufficient green areas and walkways and play areas for children. Importantly, our homes also conform to various environmental standards where we install water reticulation and rainwater harvesting, gas and solar for heating geysers and a final build that is as socially conscious as possible.

What does this mean?

At Calgro M3 our mantra of Building legacies, Changing lives, rings true and is the foundation of all that we do. It is not only ourselves that are proud of our achievements, but external recognition for what we do abounds.

Positioned for growth

We are positioned to grow the developments and memorial parks businesses in the medium-term. Although the establishment of the rental business is being suspended for the short to medium-term, we believe that we remain well positioned to grow a business of this nature in future.

What does this mean?

All funding on balance sheet is unsecured and managed through a central treasury function. Our gearing has to adhere to strict covenant levels imposed by external funders as well as internal tolerance levels. All funding raised on the debt capital markets or elsewhere are done from reputable financial organisations.

Sustainability through a comprehensive project pipeline

Our pipeline is R18.3 billion, made up as follows: 89.3% Residential Property Development and 10.7% Memorial Parks. These properties and memorial parks are located across provinces in South Africa and provides a good risk mix.

What does this mean?

Our national footprint is able to support our underlying principle of reducing the housing and burial shortage in South Africa.