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Voluntary Business Update
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663/06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the Group”)
VOLUNTARY BUSINESS UPDATE
Calgro M3 Developments (Pty) Ltd was awarded a project to
develop 3,451 residential units in the Boitekong Ext 16
Integrated Development in Rustenburg. The R746 million
Boitekong Extension 16 integrated development is a mayoral
project that is focused on the residential housing needs
expressed by the Rustenburg Local Municipality. This
development is earmarked to be developed as a fully integrated
residential township, situated approximately 3km from the
Rustenburg CBD. It is also well positioned adjacent to the
Boitekong shopping mall which serves neighbouring townships
within Boitekong.
Due to the close proximity of the proposed project to local
mines and the business hub of Rustenburg, many employees will
find residence in this attractive development. An important
factor to note is the introduction of the Rustenburg Rapid
Transit bus system which will allow easy movement of residents
to places of work in the CBD, local mines and various other
surrounding places of employment.
This township will consist of a range of housing options which
will cater for all economic groups. The project will consist
of 800 Council Rental-, 600 State Funded Ownership-, 500 Open
Market Rental-, 980 Social Housing-, 300 “GAP” Open Market
Ownership and 271 freestanding Open Market Ownership Units.
Among the residential components of the township various
public amenities are planned that will be conveniently close
to the adjacent residing communities. These facilities will
consist of parks, crèches, schools, places of worship,
community centres and a police station. From an urban design
perspective these amenities are strategically positioned
according to best practices regarding walking distances,
optimal number of residents per facility, resident safety and
various other principles.
Construction is expected to commence in June 2013 and should
be completed during 2016. Calgro M3’s project pipeline,
including the R746 million Boitekong Extension 16 project, has
now increased to in excess of R10 billion.
This venture into the North West Province bodes well for the
future as it provides an important footprint for the Group in
the North West Province ahead of the implementation of the
Mining Charter (which addresses the housing needs of
employees) in 2014.
The prospect financial information included in this voluntary
business update has not been reviewed or reported on by the
Group’s auditors.
Johannesburg
6 May 2013
Sponsor
Grindrod Bank Limited
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