CALGRO M3 releases stellar results
Talya Ginsberg, Junior Equity & ESG Analyst
The lower to mid-income property developer’s return to a simpler business model leads to a return to profitability.
Calgro M3 can be defined as a developer of mid to lower income tier residential units and developments as well a developer and manager of Memorial Parks. The company defines their strategy as being that of bridging the gap between subsidised social housing and affordable property market by providing housing, schooling and communal facilities to people across the income spectrum. Calgro has moved away from both public sector development as well as a rental model to focus its efforts and build its reputation as a private sector developer.
