Debt cleared as Hellenic Village engages new $119.5 million buyer for Austral site

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Debt cleared as Hellenic Village engages new $119.5 million buyer for Austral site

The sale of the Hellenic Village’s 105-acre property at Gurner Avenue in Austral, New South Wales, has taken a significant turn following the withdrawal of the initial purchaser. According to a President’s Update seen by The Greek Herald, the Board of Hellenic Village Ltd has now entered negotiations with a third-party buyer, with a new offer of $119.5 million, an increase from the previous agreement. Background and Sale Developments The Greek H…