Housing in Southern Africa May 2016

Housing

breaking development. The project is aimed at transforming a disadvan- taged former mining area into amore vibrant community where housing, shops, schools and places of work are integrated in a single, mixed-use neighbourhood,” says Thamsanqa Mfundisi, Executive Chairman of Sasuka. “This development will focus on quality walk-ups with a secure at- tractive living environment. It will

strengthened by the significant de- velopment of commercial precincts within the area. The project will provide for the construction and improvements of major road upgrades, as well as opening up critical links to connect- ing suburbs. This also includes major sewerage andwater supply upgrades. A new electrical substation will sup- port the development and surround- ing areas. Calgro M3, together with local partner, Sasuka, has assumed a va- riety of roles in the project, including that of implementing agent, turnkey developer, contractor and marketer. “The project is facilitated by Cal- gro M3’s turnkey business model, where the work involved will be per- formed in-house, which keeps costs contained. A wide range of quality, well-priced residential products will be offered to a range of income earn- ers,” explains Calgro M3 Managing Director, Wikus Lategan. In addition, the implementation of this project will stimulate the local economy through the participation of the local community in the different phases of the project, in terms of Cal- gro M3’s local community-based em- ployment philosophySouth Africa’s steadily rising population, combined with an influx of people from rural to urban areas, as well as a general in- flow intoGauteng, means it is increas- ingly challenging to provide sufficient housing. Leratong City will go some way to meeting that demand. “Sasuka, a Mogale City-based black-owned and managed property development company is delighted to partner with Calgro M3 and Mc- Cormick Property in this ground-

thousands of families, but also pro- vide increasing support to our devel- opment of the Leratong City Mall. The retail precinct forms the cornerstone of this exciting development,” notes JasonMcCormick, Managing Director of McCormick Property. The project heralds a new area within the West Rand region by pro- viding a creative human settlement solution that is strategically aligned to National and Provincial Govern- ment policy framework. It further seeks to positively impact on socio- economic transformation challenges not only by providing employment and entrepreneurial opportunities, but also revitalising industry within the region. “Housing is central to a person’s existence and quality of life,” adds Lategan. “Shelter is one of the most basic humanneeds. Stable, quality housing is essential to raising and educating future generations. We see this as an opportunity and at the same time a responsibility to ending the cycle of poverty, and are proud to be associ- ated with this initiative.” Established in 1995, Calgro M3 is a Johannesburg-based company that provides mixed-use/integrated residential developments across the income spectrum – from fully subsidised housing and subsidised rental units to gap housing, afford- able housing, sectional and full title developments. As a black-empowered residential project developer, Calgro M3 has consistently delivered end-to-end so- lutions in high growth nichemarkets. Calgro M3 is listed on the Johannes- burg Stock Exchange. ■

‘A new electrical substation will support the development and surrounding areas’

capitalise on the location and be- come a trendsetter in a very large residential and commercial develop- ment project along the newMain Reef Corridor. The McCormick Property, Calgro M3 and Sasuka partnership has an unquestionable pedigree to deliver within the set timeframes,” adds Mfundisi. The project also aims to revive the Chamdor Industrial area, making it accessible and attractive to potential investments. This will create more jobs, converting the unemployed into income earners and providing a market for rental and bonded hous- ing units. “McCormick Property is pleased to have partnered with Calgro M3 and Sasuka for the roll-out of this significant housing development that will not only provide housing for

May 2016