Villa World Limited
(ASX:VLW) has confirmed its annual sales target after posting strong quarterly sales and also unveiled a new acquisition.
The residential developer says it remains on track for more than 800 sales over the 2015 financial year and is targeting up to 1,200 sales over the following financial year.
Villa World has also inked a deal to buy a development site in Brisbane’s Bayside region for $16.5 million which will be known as Seascape.
The company plans to develop the site to produce a mixture of attached and detached houses, villas and townhouses in an area it says is experiencing strong buyer demand.
Villa World reported a net profit of $12.99 million in the first half of the 2015 financial year.
