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Once it had been the vibrant focal point of Cypriot and Greek communities in Sydney, but two years ago, the Cyprus Community of New South Wales was facing the prospect of going into voluntary administration and being forced to sell its prime property in Stanmore, Sydney, to pay off debts. A major rethink, a multi-pronged approach and some hard work has meant the premises will remain in the community and secure its future for years to come. Community president Spyros Constantinou told Neos Kosmos that the decision to create a company the Cyprus Capital Company to refinance the property with shares being made available to community members and the effort to rezone it from private recreation to mixed-use and residential were crucial actions that have saved the community’s assets.

Australia
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Greece
Sydney
New-south-wales
Melbourne
Victoria
Marrickville
Cyprus
Stanmore
Queensland