Calgro M3 Holdings Limited (JSE:CGR)
Calgro M3 Holdings Limited (JSE:CGR) is a turnkey residential property and memorial parks developer, providing opportunities in all market segments, from the lower end through to the mid to high income segments.
The Group specialises in Integrated Residential Housing Developments, Memorial Parks and Real Estate Investments, with sustainability at the core of its business. The Group aims to be leaders in those segments of the market in which it operates within the South African Property Industry, and to assist with change and adapting traditional social structures that are currently hampering the delivery of sustainable housing solutions and to increase access to quality Memorial Parks.
The Group's business is structured into three core divisions, namely Developments (under which our housing projects fall) and more recently, Rental Investments and Memorial Parks.
Calgro M3 Developments services the housing market through various sectors in the market. The Group's integrated property development model is based on the principle of seamlessly bridging the gap between the fully subsidised market segment, social housing, rental, GAP and the affordable market segments by providing housing, schooling and communal facilities for all levels of income earners within one integrated community.
With its partners, SA Corporate Real Estate, Calgro M3 has established a Real Estate Investment Trust (“REIT”) to address the lack of sufficient affordable rental opportunities in metropolitan areas. The rationale for the joint venture is to harness the credentials of each respective partner and focus on the development and expansion of high-quality residential portfolios that offer sustainable growth opportunities and capital appreciation in the medium to long term – all the while remaining mindful of building legacies, changing lives. It also allows the Group to capitalise on the infrastructure it has created.
In 2015 the Group expanded its developments to include Memorial Parks. Calgro M3 Memorial Parks offer an alternative to traditional cemeteries, adds value to existing developments, and introduces an alternative burial option that is dignified and secure. The Group currently own three memorial parks in Gauteng – Nasrec Memorial Park Cemetery, Fourways Memorial Park and Enokuthula Memorial Park Cemetery.