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