The highly regarded CEO of Villa Maria, Valerie Lyons, achieved a coup by securing a key inner-city Camberwell property with approval for 64 ILU village for $8.75 million. This equates to a land value of $137,000 per ILU in a AAA prime location. The irony is that the seller was a Macquarie Bank offshoot, an organization known for its tough negotiation, and Villa Maria is a Not For Profit.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...