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(From Business Day (South Africa))
Byline: Nick Wilson
Acucap launches KwaZulu-Natal foray Property Correspondent PROPERTY loan stock company Acucap Properties is acquiring a 58% stake in retail property Hillcrest Corner in KwaZulu- Natal for about R150m. Acucap MD Paul Theodosiou said the property was being developed and would be completed in March. When completed the property would consist of a 19200m shopping mall, he said. This was Acucap's first foray into the KwaZulu-Natal market. Acucap had a predominantly Gauteng- and Cape-based property portfolio. We believe it will be the dominant shopping centre in the fast-growing Hillcrest area. The growth we see …