Calgro M3, Eris acquire Bankenveld District City development land parcel

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 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.

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