The Cyprus Community Club has provided Greeks and Cypriots in NSW a place to call home. A staple institution in the early days of Greek-Australian history, it has withheld its role in providing a service to the community.
Now, the Cyprus Community Club calls on the Greek community for support. The club is at a tipping point, ready to transform into a Greek-Cypriot centre. A place for all generations to engage in something we can all be proud of.
To help take the club into this new direction and develop it into a multi-revenue generating operation, the Cyprus Community Club has been supported financially by Cyprus Capital Ltd, raising the funds needed from the members to refinance the debt currently being faced.
“Cyprus Capital Ltd has opened the way for all members to save their Community, to have a direct financial stake in their Community,” Cyprus Capital LtdChairman Sergio Argyrou says in a letter to members.
“Members were given the first opportunity to take up the Cyprus Capital Ltd. share offer just as COVID overtook our world.”
Read More: Cyprus Community Club works to ‘save, revive and rebuild’ historic institution
The investment opportunity allows community members earn 3 percent per annum return plus a 30 percent uplift when the loan is repaid by the community. The loan is secured by a mortgage to be held over the Community houses.
“It is saying a firm YES to a secure future for the Community, to preserve and foster our culture, our heritage, our language as a part of the Australian multicultural community for a long time to come,” Mr Argyrou adds.
The company were happy to announce that although COVID-19 affected investment, many members have already taken up the share offer and made their support for the Cyprus Community a clear priority.
“Cyprus Capital Ltd has opened the way for all members to save their Community, to have a direct financial stake in their Community.”
With the future of the Cyrus Community Club in the hands of this generation of Community members, Cyprus Capital Ltd believe that all Cypriots are first and foremost entitled to have a stake in their Community.
“I take this opportunity to remind all members that by taking up the share offer and supporting Cyprus Capital Ltd, you will make help make possible the Community to realise its cultural and economic ambitions,” Mr Argyrou said.
Cyprus Community Club treasurer Andrew Antoniou wishes for the club to “central location for all people of Cypriot and Greek heritage.”
“It is the vision of the current board to finalise the re-zoning, maximise the value of our land and reach the full potential of our current location where our community events, traditions and history have always been.”
“I ask for unity of our community, as even the weak become strong when they are united.”
Mr Argyrou assured members that The Cyprus Capital Ltd share offer has not lost its” value or its logic”, encouraging members to help make the Community realise its cultural and economic ambitions.
The Cyprus Capital Ltd Board has extended the first share offer to members of the Cyprus Community of NSW Ltd, until the end of July 2020. This will be the final opportunity for members to secure shares ahead of non-members wishing to buy shares.
Find out more information on how you can extend your hand and help the Cyprus Community Club here: https://cypruscapital.com.au/
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