Proposed Sale of the Mt Wellington Community Assets
On July 24th 2024 the Mount Wellington Licensing Trust trustees advised the community that they had voted to sell the assets controlled by the Mount Wellington Trust Hotels Ltd and to restructure the Mount Wellington Licensing Trust into a community trust.
The MWLT Board members did not at any time seek a mandate from the community it serves to either sell these assets or convert the Licensing Trust into a Community Trust using the proceeds of such a sale.
The Mount Wellington Licensing Trust controls the Mount Wellington Trust Hotels Ltd who managed the Panmure Historic Hotel and Waipuna Hotel and Conference Centre.
There is an online petition asking for a halt to the sales process and for the Mount Wellington Licensing Trust to consult and gain a mandate from the community beneficiaries.
The online petition link: www.petitions.net...
The Mount Wellington Licensing Trust area covers, Mount Wellington, Panmure, Tamaki, and part of Stonefields, and Otahuhu. If you live in the area this is your opportunity to have a say on what happens to your community assets and trust.
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