News: VLW Villa World updates on acquisition Logan reserve

Feb 8 (Reuters) - Villa World Ltd (VLW) :

• Acquisition Logan reserve (VLW)
• 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