11 December 2013
ASX Announcement Pakenham Acquisition
Villa World Limited is pleased to announce that it has entered into an unconditional contract for the purchase of a development site at Pakenham, in the growth corridor of south east Melbourne.
The purchase price is $9.5million (including GST), with settlement expected towards the middle of 2014 following the completion of certain works by the vendor.
The site has an existing planning permit for the creation of 291 residential lots, with parks and an oval to be provided as part of the community.
This acquisition reinforces the company's active pursuit of acquisition opportunities and will contribute to its restocking program in Victoia.
Enquiries to: Craig Treasure Managing Director Tel: (07) 5588 8888
securityholder@villaworld.com.au
Securityholder queries: Email: securityholder@villaworld.com.au; Website: www.villaworldgroup.com.au
Share Registry: Computershare Investor ServicesOnline: www.investorcentre.com; By mail: GPO Box 2975, Melbourne VIC 3001
Tel: (within Australia) 1300 651 684: (international) +61 3 9415 4000
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