Palesviaki Enosis of Melbourne and Victoria sell Bayswater property for close to $7 million

·

By Bill Roumeliotis

The Palesviaki Enosis of Melbourne and Victoria flipped a page in its history books on Sunday, 18 February.

In the presence of about 100 members and in a united atmosphere, the President of the Palesviaki, Yiannis Karanikolas, announced their property at Bayswater had been sold for $6.8 million. 

In his speech to members, Mr Karanikolas first thanked the Lesvian lawyer Peter Mitrakas for the difficult work he undertook in negotiating the sale.

Mr Karanikolas added that the sale of the property was an emotional moment in the Association’s history. The club had been a gathering place and entertainment venue for Melbourne’s Lesvian community for about 43 years, but the area and the age of the venue were financially loss-making.

Panlesvian Union
The Bayswater property.

The President said the club only managed to survive thanks to the hard work of the Committee and volunteers.

Mr Karanikolas said the multi-million dollar funds from the property can help build a modern building that can satisfy the demands of the members and friends of the club, and ensure it has a future for the next 100 years.

Mr Karanikolas said that by the end of April the sale of the property will be completed and then the finding and purchase of a new building will begin.

The announcement of the sale brought satisfaction and was applauded by all members present.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Peter Tantalos honoured with Young Achievers Award at inaugural HACCI SA Gala

South Australian lawyer and The Greek Herald journalist Peter Tantalos received the Young Achievers Award at the inaugural HACCI SA Gala.

Liquidators examine Jon Adgemis’ Byron Bay property interests

Liquidators investigating failed pub baron Jon Adgemis are examining his former Byron Bay property interests.

Sexual assault retrial set for Brisbane hairdresser Dmitri Papas

The retrial of Brisbane hairdresser Dmitri Stelios Papas has been scheduled for February after his first trial was declared a mistrial.

Paul Nicolaou raises concerns over Sydney Town Hall Square project

Business Sydney's Paul Nicolaou has called for closer scrutiny of the City of Sydney’s plan to fast-track the $150m Town Hall Square project.

RBA leaves cash rate unchanged amid inflation concerns

The RBA has left the official cash rate unchanged at 4.35 per cent, opting to wait for further evidence that inflation is easing.

You May Also Like

Ancient bronze griffin head returned to Greece from New York

The Metropolitan Museum of Art in New York has returned an ancient bronze griffin head to Greece, nearly a century after it was stolen.

Canberra’s Cypriot Community host welcome dinner for Archiepiscopal Vicar of ACT

With a welcome dinner, held last night, Canberra's Cypriot Community officially welcomed Father Prochoros Anastasiadis, Archiepiscopal Vicar of the Archdiocesan District of the ACT.

On This Day: Famous Greek violinist Leonidas Kavakos was born

Leonidas Kavakos is regarded as not only Greece’s, but the world's, finest violinist. He was born on this day in 1967.