Villa sees strong investor demand

Residential developer surpasses institutional placement target by $10m.

Gold Coast-based residential developer Villa World (GPM) has raised $27.6 million through an institutional placement – $10m more than expected – after strong demand from investors.

Villa World, which was born out of failed financier MFS and was formerly known as GEO Property Group, went into a trading halt yesterday morning ahead of the placement being launched.

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