Pick of the Month: Affordable housing makes a mint for Calgro M3
Despite macroeconomic headwinds, the 2023 financial year was one of the greatest for the property developer
28 September 2023 - 08:00
Small-cap property developer Calgro M3 has turned empty plots into a full house of achievements in 2023. Shares in the company are up more than 36% year to date and have risen more than 57% on a 12-month basis.
Calgro’s business model is centred on developing low-cost integrated residential developments. The aim is create affordable housing communities close to schools, public transport, shops and medical facilities. Developments usually offer communal features such a sports fields, clubhouses, playgrounds and braai areas. ..
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