Calgro M3 and Eris Property Group are collaborating on the development of the Bankenveld District City in Gauteng, South Africa. Calgro M3 will oversee the residential components, while Eris will manage the commercial, retail, industrial, educational, and healthcare aspects.
The project aims to create 20,000 to 30,000 housing units alongside significant commercial, retail, and industrial spaces. Spanning 300 hectares, the mixed-use precinct will encompass 500,000 square meters of warehouse and logistics, retail, and commercial developments.
Approximately 34% of the land acquired will be allocated to infrastructure, including roads, stormwater management, and extensive recreational and green belt areas.