Calgro M3 has ambitious plans for Bankenveld District City development and beyond

CALGRO M3 enters its 2027 year with a R31.8 billion development pipeline, the start of bulk and link infrastructure development at the massive Bankenveld District City (BDC) development in Gauteng, and a balance sheet positioned for the next phase of integrated housing growth.

- EDWARD WEST

This was according to CEO Ben Pierre Malherbe, who said at the release Monday of the housing development and operator of memorial park group’s 2026 results that a clear strategy was also developed, and the final dividend had been maintained at 8,637 cents per share.

The group’s strategy is now centred on three pillars: to drive long-term growth, strengthen liquidity, and enhance shareholder value, he said. Headline earnings per share fell 8.5% to 156,76 cents.

These would be attained by disposing of non-core assets, accelerating the completion of non-core projects while expanding the Memorial Park footprints, reducing debt, and developing a sustainable talent pipeline.

“These priorities informed performance and capital allocation decisions during the year, with sales and construction efforts directed towards the non-core project pipeline, comprising developments outside our large-scale integrated core portfolio.”

The focus on the non-core project pipeline resulted in a shift in revenue, with 70% of units transferred during the year from Scottdene, La Vie Nouvelle, South Hills Lifestyle Estate, Jabulani, and 32-on-Pine, predominantly within the mid-to-high end product range.