VILLA WORLD NESTLES INTO THE NORTH SIDE WITH NEW OFFERING

Written on the 25 May 2016

VILLA WORLD NESTLES INTO THE NORTH SIDE WITH NEW OFFERING

LISTED developer Villa World is expanding its offering in Brisbane's north after picking up a contract with Economic Development Queensland to deliver a collection of urban business residences.

Located within the Fitzgibbon Chase community, Villa World will deliver 12 terrace style homes combining residential and commercial uses.

The dwellings feature ground floor professional suites with a street presence, and one or two-bedrooms on the upper level.

Villa World general manager for communities and business growth Carl Bruhn says The Nest is in response to the shift in the way people use their homes.

"Increasingly, professionals are working from home or in smaller teams and this style of home gives them a commercial street presence for their business as well as a private residence," he says.

"The idea is to create distinct and separated zones for living and working, but under the same roof.

"This also diversifies Villa World's offering to the market.  Our traditional focus is affordable family homes, so this is something different that we can deliver for an emerging and growing niche."

The homes will be located on the corner of Carselgrove Avenue and Dorrigo place on the doorstep of the 1300-home Fitzgibbon Chase community.

Residences at The Nest, which sits 12 kilometres from Brisbane CBD, will range in size from 90sqm to 139sqm and will be priced under $400,000.

The Nest will also feature a childcare centre and outdoor community spaces.

The Nest falls within the Fitzgibbon Priority Development Area (PDA) which covers 295ha of land in the northern suburbs of Fitzgibbon, Carseldine, Bald Hills, Taigum and Deagon.

Villa World, headquartered on the Gold Coast, is Queensland's oldest ASX-listed property developer.

In FY15 the company posted a net profit of $25.6 million and continued to build momentum in the first half of FY16, posting an interim net profit of $20.4 million.  The latest result was up 47per cent from a year earlier.

Villa World, an ASX300 company, has targeted a 59 per cent increase in pre-tax profit to $46.6 million in FY16.


Latest News

HOW INGRID BONNOR TURNED A LABOUR OF LOVE INTO A WORLDWIDE FASHION ICON

BEFORE Ingrid Bonnor started her bridal robe and feminine sleepwear company Homebodii in 2011, she didn't have an...

G8 EDUCATION EXECUTIVE CHRIS SCOTT RETIRES AS COMPANY CUTS CHINESE TIES

LONG-TIME managing director and executive of G8 Education (ASX: GEM) Chris Scott has announced his retirement, on ...

REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL banks have hit out at a downgrade on their credit ratings, warning that it will increase their wholesale fun...

$71 MILLION SALE OF 'SYDNEY SIX' GIVES RISE TO WESTERN SYDNEY INVESTMENT HOTSPOT

SIX INDUSTRIAL assets in Sydney's West, dubbed the 'Sydney Six', have sold for a collective $71 million, ...

Related News

REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL banks have hit out at a downgrade on their credit ratings, warning that it will increase their wholesale fun...

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trad...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter