U.S. mass media and entertainment company Walt Disney Company has purchased another 1,500 acres of land in Osceola County, Florida, for $11 million.

The land parcel outskirts the previously acquired BK Ranch, situated on Old Tampa Highway west of the Poinciana SunRail station.

In December, Disney bought 965 acres of land southeast of Celebration for $23 million.

Disney is majorly interested in using the land for water management needs and conservation.