News

AVID acquires Villa World, secures position amongst top 10 Australian land developers

November 1, 2019 | IN Media Release and News | BY AVID | 2 min read

The $410 million acquisition – effective today – will see AVID’s portfolio increase from 10 to 37 projects and more than 12,000 residential lots, securing a gross revenue pipeline of $4.7 billion.

AVID CEO Cameron Holt – who remains at the helm of the new combined business – said today was a significant day, both in terms of its day-to-day operations and for the company’s future outlook.

“Today marks a significant milestone for both AVID and Villa World – as we come together as one business, substantially increasing our market share and broadening the range of house and land offers for future home buyers,” Mr Holt said.

“The success of this acquisition firmly positions the company up there as a key national residential property contributor.”
Mr Holt said a new executive team, announced today, combines leaders from both AVID and Villa World.

“All of our leaders share a deep passion for their teams, their customers and for driving quality and innovation, which will support this exciting growth phase,” Mr Holt said.

“Our joint expertise will shape the company’s ambitious growth strategy, including our focus on expanding our residential portfolio and geographic footprint across Australia’s eastern seaboard.

“Right now, it’s ‘business as usual’ for all teams as we come together – the only difference being that we’ll be larger, stronger and provide a greater offering to our customers.”

AVID and Villa World will continue to operate under both brands.

Villa World ceased trading on the ASX on Wednesday 16 October 2019 following a majority shareholder vote in favour of the acquisition on Friday 11 October 2019. Villa World is now a division of AVID Property Group Holdings.

For more information, visit www.avid.com.au or www.villlaworld.com.au.

Recommended for you

June 3, 2024

Small Businesses Boom On The Sunshine Coast

May 30, 2024

Land Lease Neighbourhood Set To Expand Established Diggers Rest Community

May 30, 2024

New Over 55s Community for Hervey Bay

May 28, 2024

Villaworld Homes by AVID Property Group recognised at national builder awards

May 16, 2024

AVID Property Group expands into Australian Land Lease Communities with AUD$1.1 billion portfolio

May 14, 2024

Together they strike: Harmony continues Lightning partnership

April 24, 2024

Premium fixed price homes expected to sell quickly at Brentwood Forest

April 24, 2024

Enquiries double as Greenbank development celebrates 1000th settlement

April 10, 2024

Chisolm opens its doors to the freatest ‘Home Show’ & a chance to win $10k

March 25, 2024

Family ties: Multi-generational living with a twist reigns in Chisholm community

Brentwood Forest

Located just 5 km from Springfield Central with shopping centres, health and recreation hubs, schools, childcare facilities and public transport at your doorstep. Brentwood Forest is nestled in its own wooded enclave that rises above the surrounding valleys, a family-oriented address which offers a sense of tranquillity, space and seclusion. With playgrounds and leafy parks, quiet streets and easy access to schools, shops, sports facilities and everyday services, Brentwood Forest offers a sense of escape from the hassles of suburban life, while still remaining close to all that matters.

Designed by the experts

Peace of mind

Everything done for you

Complete finance solution

Your home is where our heart is