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Stadio in agreement to buy land worth R110m in Centurion for new private university

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Private higher education investment company Stadio has entered into an agreement to buy 5.2 ha of land for R110-million in Centurion to build a 4 000-person "multiversity" which it hopes will open in 2021. In an update to shareholders on Tuesday, the JSE-listed group said the purchase is subject to confirmation that the two erven (of 2.5 ha and 2.7 ha) have been successfully rezoned to a "place of instruction".

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