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Villa World Announces $44 Million in Melbourne Land Acquisitions

Residential property developer Villa World has expanded its footprint in the Victorian housing market with $44 million in land acquisitions in Melbourne's north-west growth corridor.

The Company will continue to target first home buyers and owner-occupiers in the affordable to mid-price range as its core customers.

The latest acquisitions include two sites totalling 32.9ha at Plumpton, 30 km north-west of Melbourne's CBD and 12km south west from the airport. The sites are part of two Precinct Structure Plans for the Plumpton region, both expected to be gazetted later in 2017, and will yield in excess of 500 lots.

The north-west growth corridor has already drawn strong demand for Villa World with its Sienna project sold out, and its land only Sienna Rise project outstripping forecasts.

Villa World's Managing Director and Chief Executive Officer, Craig Treasure, said the latest acquisition was in line with the Company′s objective to grow its holdings in Victoria to match that of its Queensland holdings.

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