GEORGE Papaioannou, one of the directors of the collapsed Excite Holidays, has placed his home in Sydney’s exclusive Eastern Suburbs on the market.
Papaioannou’s three-bedroom, two-bathroom, triple-garage Vaucluse property is described as a “newly presented ground floor entertainer…well positioned in an exclusive oceanfront cliff top setting”.
Although the address is listed in ASIC records as his residence, it’s understood the Excite Director has been living abroad for some time, with Excite’s Administrator Morgan Kelly yesterday confirming he had been dealing with Papaioannou by phone and email since the company was placed into Administration.
The property was listed by Gates Real Estate on 18 Jan, just over a week after Excite’s collapse.
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Source: traveldaily