Feb 8 (Reuters) - Villa World Ltd VLW.AX :
* Acquisition Logan reserve VLW.AX
* Says agreed to the unconditional purchase of a site at Logan reserve, south
of Brisbane, comprising seven adjoining parcels
* Total purchase price is approximately $32 million with progressive
settlements scheduled to occur during the second half of FY 2016
* Says this will be funded from existing debt facilities and working capital
* Says this development is expected to commence contributing to revenue during
FY 2017
* Says this acquisition forms part of our FY 2016 acquisition spend, which is
forecast to be $145 million to $160 million
* Source text for Eikon ID:nASX3jjLyp