Calgro M3's Frankenwald integrated residential development is expected to come on stream in mid-2023. The development will stretch from Kelvin in Sandton to Alexandra Township. | News24_Business
Many more people will be able to live around Sandton more affordably in the next few years, after residential property developer, Calgro M3, received approval for its Frankenwald development in August. The company, which presented its latest financial results on Monday, said it is committed to exercising the land option at the end of June 2023.
"With the next big project for the group, Frankenwald integrated development, expected to come on stream in mid-2023, we are delighted about plans to enhance the face of affordable homes on the doorstep of Sandton," wrote the group in its latest financial report published on Monday. "I think from a social perspective; we have to endeavour to assist the government in resolving some of Alex's challenges. Alex is way too dense," said Calgro CEO, Wikus Lategan.
"The big thing about human settlements is the more you uplift people, the more you put them in proper accommodation, the better the kids go and go can study at night, and the better parents can spend time at home. So, you improved old family values. Because if you grow up in an informal settlement, you almost start life on a back foot," said Lategan.
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