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May 2016
Housing
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-
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
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
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’