Monday, 30 October, 2017 - 13:10
Nicheliving targets growth via IPO
The planned listing of Nicheliving Holdings has provided a detailed insight into the state of the business and its future plans.
Nicheliving is a multi-faceted and diverse property development group with a vision to provide easier access to The Australian Dream through creating affordable communities and providing complete and specialised services from construction, finance and real estate sales through to property management.
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The planned listing of Nicheliving Holdings has provided a detailed insight into the state of the business and its future plans.
Property developer Nicheliving Holdings has substantially revised its plans for a stock market float after striking a deal to give 20 per cent of the company to a Singaporean investor who recently launched a $21.4 million legal claim.
The long road to an ASX listing for Nicheliving Holdings continues, after the property developer released its fourth supplementary prospectus this week, including details of its new 'big 4' auditor and a new director, and foreshadowing the release of a third replacement prospectus that will not have financial forecasts.
Property developer Nicheliving has hit the restart button on its planned ASX listing, after making several major changes to the business, including announcing plans to appoint a new corporate adviser and auditor.
Prominent real estate agent and City of Joondalup Deputy Mayor Russell Poliwka has been ordered to pay $2 million to Perth investor Sherif Girgis after a Supreme Court judgement this week.
Investors across Australia have backed Primewest’s ambitions to expand its offering via an ASX listing, with the company confirming it has raised its targeted $100 million.
The state government is making a major push for more medium-density housing, but market conditions and community sentiment loom as major hurdles for developers.
Power Ledger’s energy trading technology is set to be rolled out across a range of residential projects developed by Nicheliving, under a three-year deal unveiled this week.
Perth’s residential rental market vacancy rate has dropped to 1.6 per cent - the lowest vacancy rate since March 2008, according to the Real Estate Institute of Western Australia.
Property groups fear today's announcement of timeframe extensions for COVID-19 rent assistance measures could harm further economic recovery.
More than $100 million worth of residential projects are emerging in and around the city fringe location.
Nicheliving is among a growing number of players spending up big on properties across the western suburbs.
National property group Cedar Woods will release more land at its Harrisdale Green estate, located south of Perth, with the launch of the Greenlink Mews precinct.
Plans for a mid-tier public transport network connecting infill suburbs is gaining traction with industry.
The Coast Road development sites fetched $2.4 million.
The Fair Work Ombudsman has launched an investigation into Perth builder Nicheliving Real Estate, which claims not to be the subject of an open matter.
Prominent property development group Nicheliving has hit back at media reports about a disgruntled buyer and a Fair Work investigation.
Nicheliving has temporarily lost its ability to build homes or enter into new contracts after the supervisor nominated for its building contractor division left the role.
Records show the newly appointed supervisor for Nicheliving's building arm had a run-in with the Building Commissioner eight years ago over negligent and misleading conduct.
A consultancy firm says it has partnered with Nicheliving to "rebuild public trust" for the home building brand amid heightened scrutiny.
Nicheliving’s building registration renewal has been refused due to financial concerns, as more than 230 homes sit incomplete across the state.
Mark Beyer and Mark Pownall discuss the week in lithium; construction issues; Fortescue’s share price tumble; inflationary data; interest rates; house prices; CFMEU action; and Rex’s plight.
Embroiled home builder Nicheliving’s tax bill has surpassed $7 million, the tribunal was told, with lawyers set to meet again next week.
Mark Beyer and Jack McGinn discuss the major findings from the domestic gas inquiry; Collgar's wind farm plan; Western Power's nuclear stance; Pilbara energy enablers; Perdaman's Karratha plan; the price of iron ore; Nicheliving's woes and Sanur's Subi battle; Vern Wheatley's legacy, and preview the upcoming edition of the Business News magazine.
The embattled builder is looking to offload nine properties across Perth, under various stages of development.
Nicheliving's residential building arm signed four years' worth of work in a two-year period, the State Administrative Tribunal was told, as its debts total $76 million.
Nicheliving has convinced a judge to stay a decision not to renew its builder's registration, after appealing to the State Administrative Tribunal.
The head of the state’s building sector watchdog says there’s still some pain ahead, but the wheels aren’t falling off despite some tough years.
An arrangement to help complete more than 200 unfinished homes signed by Nicheliving could be imminent, while some aggrieved customers are concerned about a 'secret deal'.
Nicheliving and its directors will be banned from operating for a decade and the state government will fork out up to $40 million to finish the hundreds of incomplete homes.
KordaMentha administrators have taken control of Nicheliving’s construction division, less than a month after the company's directors agreed to a decade-long ban on building homes.
National Storage has snapped up the asset for $8.45 million.
Nicheliving directors have fronted a $200,000 indemnity to cover operating costs and ensure the administrators get paid in the "likely" event the construction entities are too strapped for cash.
There were 39 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.
The bottleneck in housing construction in recent years was worse in WA than any other state but the increase in construction costs was lowest in WA, a new report has found.
Suitors have entered the data room for more than a dozen property developments of embattled builder Nicheliving, as administrators look to sell-off assets.
Nicheliving directors Ronnie Michel-Elhaj and Paul Bitdorf have proposed to take back the embattled builder, with creditors recommended to approve the pair's $2.7 million plan.
Premier Roger Cook has insisted under-fire Nicheliving still can’t lay a brick after the directors cleared a vote to regain control of the building company yesterday.
An assetless Nicheliving entity will be wound up by liquidators after directors Ronnie Michel-Elhaj and Paul Bitdorf moved to reclaim the other outfits.
Former Nicheliving customers have so far been paid out more than $30 million worth of taxpayer-underwritten insurance claims, as new builders take on the unfinished work.
Name | Position | Year Started |
---|---|---|
Co-Founder, Executive Chair
|
2002 | |
Co-Founder, Managing Director
|
2002 | |
Head of Marketing
|
2020 | |
General Manager, Real Estate & Technology
|
2021 | |
Finance Director
|
2010 | |
General Manager
Project Sales Manager, Finance Advisor (2008 to 2016) |
2016 | |
Chief Technology Officer
|
2020 | |
Head of Construction
|
||
Head of Sales
|
2015 | |
Non-Executive Director
|
2018 |
Name | Position | Year Started | Year Ended |
---|---|---|---|
Investor Relations & Corporate Growth Manager
|
2021 | 2023 | |
Assistant Development Manager, Key Relations Manager
|
2022 | 2023 | |
Head of Digital, Data & Insights
|
2021 | 2022 | |
Senior Property Advisor
|
2019 | 2022 | |
Development Manager
|
2022 | 2022 | |
Planning Manager
|
2021 | 2022 | |
Property Advisor, Project Sales Team Leader since 2020
|
2016 | 2022 | |
Head Of Business Development
|
2019 | 2021 | |
CFO and Company Secretary
|
2021 | ||
Developments and Commercial Manager
|
2021 | 2021 | |
Financial Controller, Developments
|
2020 | 2021 | |
Chief Financial Officer
|
2015 | 2018 | |
General Manager, Real Estate & Project Sales
|
2013 | 2018 | |
Co-Founder, Managing Director of Nicheliving Construction
|
2002 | 2016 | |
Project Sales Manager, Finance Advisor
|
2008 | 2016 | |
Marketing Executive
|
2014 | 2015 | |
Director & Principal Executive Officer, Kambarang
|
2021 | ||
2019 | |||
Non-Executive Director
|
2017 | ||
Non-Executive Director
|
2017 | ||
Company Secretary
|
2017 |