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Nicheliving managing director Paul Bitdorf. Photo: Attila Csaszar

Court ruling exposes developer rift

The co-founders of successful Perth property developer Nicheliving are mired in a legal dispute after plans to buy out key executive Danne Forte were halted when other directors questioned his financial projections.

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Perth
Misleading statements seem to be a recurring theme with NicheLiving. Refer ASIC judgement where four infringement notices were issued against the group: http://asic.gov.au/about-asic/media-centre/find-a-media-release/2015-releases/15-215mr-perth-based-nicheliving-companies-penalised-for-misleading-advertising/>

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Total combined value of current WA projects

11th-Georgiou Capital354,000,000
12th-AAIG350,000,000
13th-Nicheliving335,000,000
14th↓Pindan Capital316,000,000
15th↑Norup + Wilson296,000,000
73 property - (built-form) developers ranked by total combined value of current WA projects ($)

Housing starts

12th↓Gemmill Homes318
13th↓Aveling Homes278
14th↑Nicheliving245
15th-Danmar Homes239
16th↓Ross North Group153
48 residential builders ranked by no. of starts (2016/2017)

Number of Employees

Property - (Built-form) Developers

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