Calgro M3 eyes R15.9bn revenue from residential sales
The company has a development pipeline of about 24,000 housing units for the next five years
17 October 2022 - 09:25
UPDATED 17 October 2022 - 13:16
Affordable housing and memorial parks developer Calgro M3 says the pipeline for its residential property development business will yield R15.9bn in revenue. This excludes the Frankenwald development near Sandton, which is expected to come on stream in mid-2023.
The residential property development segment generates the bulk of Calgro M3’s revenue with 96.7%, and the rest comes from memorial parks. Fleurhof in Johannesburg is its flagship project, bringing in 48.2% of total revenue...
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