Calgro M3 Holdings Limited Provides Earnings Guidance for the Year Ending February 28, 2015; Announces the Commencement of the South Hills and Belhar Projects
The company announced the commencement of the South Hills and Belhar Projects. These integrated residential developments will consist of 5,327 housing units in the South Hills precinct and 3,609 housing units in the Belhar precinct. The SouthHills project, located 6km south of the city`s central business district, is being undertaken in partnership with City of Johannesburg, and Standard Bank with estimated revenue of ZAR 1.95 billion. The Belhar project is adjacent to the University of the Western Cape and the Cape Peninsula University of Technology in the Belhar CBD and 2km from the Cape Town International Airport with estimated revenue of ZAR 1.21 billion.