Dec 18 (Reuters) - Villa World Ltd VLW.AX :
* Acquisition - strathpine VLW.AX
* Says agreed to the unconditional purchase of a site at strathpine in brisbane's north, at a price of $24 million
* Says settlement is scheduled to occur in July 2016
* Says development is expected to commence contributing to revenue during FY 2018
* Says acquisition will form part of the company's acquisition spend for FY 2017
* Source text for Eikon ID:nASX7wmwjr