https://newsletter.en.creamermedia.com
Components|Housing|Industrial|Infrastructure|Installation|PROJECT|Roads|Property Development|Infrastructure
Components|Housing|Industrial|Infrastructure|Installation|PROJECT|Roads|Property Development|Infrastructure
components|housing|industrial|infrastructure|installation|project|roads|property-development|infrastructure

Calgro M3, Eris acquire Bankenveld District City development land parcel

Calgro M3 CEO Wikus Lategan

Calgro M3 CEO Wikus Lategan

2nd April 2024

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

A joint venture between JSE-listed property investment company Calgro M3 and property development company Eris has acquired a strategic land parcel for the Bankenveld District City development, in Gauteng, with the aim to deliver 20 000 to 30 000 housing units alongside significant commercial, retail and industrial spaces.

Both parties will share the cost of the infrastructure installation required for the development. After this, Calgro M3, which is led by CEO Wikus Lategan, will be responsible for the residential components of the development, while Eris will handle the commercial, retail, industrial, educational and healthcare components, the companies say.

About 34% of the land is dedicated to infrastructure, including roads, stormwater management and extensive recreational and green belt areas to enhance the quality of life for residents and the surrounding communities.

The Bankenveld District City project aims to bridge the gap between affordability and access to Sandton's economic hub and promote socioeconomic upliftment, Calgro M3 says.

"The project more than doubles Calgro M3's existing project pipeline, and has the potential to generate upwards of R18-billion in revenue," it points out.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.212 0.306s - 195pq - 2rq
Subscribe Now