Sept 16 (Reuters) - Villa World Ltd VLW.AX :
* Joint venture greenbank VLW.AX
* The purchase price is $50 million (exclusive of gst) with settlement anticipated to occur in stages during FY 2018 and FY 2019
* Says Greenbank joint venture is expected to commence contributing to the company's profit in FY 2018
* Jv with Greenfields Development Company, agreed to unconditional purchase of 153 hectare site at Greenbank, South Of Brisbane
* Source text for Eikon ID:nASX1t2fjn
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