Villa World has begun the next chapter in its growth story. The successful completion of capital management initiatives this quarter deliver a more diverse debt profile and the financial capacity to bolster land stocks through strategic acquisitions.
These initiatives form part of a longer-term financial strategy to deliver sustained earnings growth and strong yield.
Having announced a 1H17 result in February that included a 5% revenue gain and $192 million in carried forward sales contracts, Villa World successfully negotiated an extension of maturity dates for its $140 million bank financing arrangement with ANZ.
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