VILLA WORLD SETTLES $30M GOLD COAST ACQUISITION

Written on the 8 June 2016

VILLA WORLD SETTLES $30M GOLD COAST ACQUISITION

ONE of Queensland's largest listed developers, Villa World, is on the verge of launching its next major Gold Coast community after finalising the purchase of a 25ha infill development site at Arundel.

The company has settled its $30.8 million acquisition of the residential-zoned property on Greenacre Drive, which is one of the last major residential development sites on the Gold Coast.

The project will feature a 395-lot community called Arundel Springs, yielding 305 residential lots and approximately 90 town homes.

It is expected the community will create more than 1500 local jobs over the life of the project and inject around $100 million of local economic value for every year of construction.

Villa World CEO Craig Treasure (pictured) says Arundel Springs will appeal to a diverse buyer profile.

"Arundel is a highly popular suburban area favoured by families for its location and amenities including the Arundel Hills Country Club, Helensvale railway station, Westfield Helensvale, Griffith University and Gold Coast University Hospital," he said.

"Arundel Springs is also within walking distance of a new light rail station and is just two stops from the university and hospital and one stop from Westfield."

Land at Arundel Springs will be launched early in the new financial year with home sites ranging in size from 306sqm to 954sqm.

It is less than 10 kilometres from the Southport CBD and is close to key arterials including the Pacific Motorway, Smith Street Motorway and Olsen Avenue.

Villa World is Queensland's oldest ASX-listed housing developer and one of Australia's largest housing providers.

Today, more than 40,000 Australians call a Villa World address home.


Latest News

DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

ARDENT LEISURE, the parent company of Gold Coast's Dreamworld theme park, has reshuffled its core leadership w...

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victor...

HOW WEDDING WOES INSPIRED A BOOMING BUSINESS FOR MEGAN ZIEMS

WHEN she was dress shopping for her wedding in 2010, Megan Ziems (pictured left) was disappointed to discover a ma...

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm D...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter