Hellenic Village Ltd is expected to be a hot topic of discussion at the next AHEPA NSW General Meeting on Sunday February 4 at 6pm.
The Hellenic Village Ltd is made up of 21 Greek Associations in Sydney (unit holders), including AHEPA NSW which owns 3 shares.
As first reported by The Greek Heraldthe unitholders have unanimously agreed to sell their 105 acre property at Gurner Avenue in Austral, NSW for $117.5 million at an extraordinary general meeting (EGM) on Monday 30 October 2023. During the EGM, unitholders were unable to reach agreement on how funds from the sale of the Austral property should be distributed.
This concerning issue is expected to be discussed at the AHEPA NSW general meeting on February 4. Members will also be invited to vote on the following special resolution:
THAT the members of the Order of AHEPA (NSW) Inc. (the Order) hereby authorize the Management Committee to appoint three delegates, namely Bill Skandalakis, Theophilus Premetis and John Kallimanis, or alternate delegates to the absolute discretion of the Management Committee. :
- jointly represent the College in any discussions and negotiations with Hellenic Village Limited regarding the Kemps Creek Land (Lot 10, Registered Plan 771080) (Lot 10, near Gurner Avenue, Austral NSW);
- on behalf of the Order and as joint representatives of the Order, to attend all future meetings of Hellenic Village Limited relating to the Kemps Creek Lands.
The special resolution will only be adopted if 75 percent or more of the members present at the meeting vote in favor.
Details of the General Assembly:
- Date: Sunday February 4, 2024
- Time: 6:00 p.m.
- Place: AHEPA NSW Hall, 394-396 Princes’ Highway, Rockdale, NSW, 2216
