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BRIEF-Villa World Says agreed to unconditional purchase of a site at Arundel, on the Gold Coast

Published 10/09/2015, 08:35 am
Updated 10/09/2015, 08:37 am
© Reuters.  BRIEF-Villa World Says agreed to unconditional purchase of a site at Arundel, on the Gold Coast
VLW
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Sept 10 (Reuters) - Villa World Ltd VLW.AX :

* Acquisition - arundel VLW.AX

* Says agreed to the unconditional purchase of a site at arundel, on the gold coast

* Says purchase price is $30,660,000 (plus gst) with settlement due in June 2016

* Says development is expected to commence contributing to revenue during FY 2017

* Purchase forms part of expected $135-$150 million forecast cash spend during FY 2016 on replenishing the project pipeline

* Source text for Eikon ID:nASX2SP7K

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