Perth, WA 6000

The Voluntary Administrators of NHL are seeking expressions of interest for the acquisition of 100% of the issued capital in Alliance Developments Managment Pty Ltd, 100% of the units in the Alliance Management Unit Trust, and 100% of the issued capital in Niche Mandurah Development Pty Ltd.

The transaction represents an opportunity to acquire shareholdings in several entities that together provide a significant residential development footprint through Perth.

Locations include:

1. 11 & 13 Webster Street, Nedlands
2. 25 Fletcher Street, Applecross
3. 2 & 22 Quendamia Lane, Mandurah
4. 7 Wright Crescent, Bayswater
5. 40 Coolgardie Street, Bentley
6. 69 & 78 Waratah Avenue, Dalkeith
7. Various addresses, Orelia
8. 939 Beaufort Street, Inglewood
9. 48-50 Armstrong Road, Wilson
10. 62 Tain Street, Ardross
11. 25 Macrae Road, Applecross
12. 455 North Beach Road, Gwelup
13. Lots 9008 & 9009 Albarello Way, Dayton
14. 31 Leonora Street, Como
15. 89 & 91 Robert Street, Como
16. 69-71 Hasting Street, Scarborough

According to the Real Estate Institute of WA, Perth's median house sale price was $715,000 in October 2024, up 2.1% on September 2024 and 22.2% higher than October 2023. Units are experiencing similar growth, having grown to a median sale price of $475,000 in the year to October 2024, up 17.3%.

Furthermore, WA is leading the nation in population growth with a growth rate of 3.1% in the year to 31 March 2024.

This development footprint represents an opportunity for developers, builders and investment groups to capitalise on the many value add opportunities and strong residential market conditions.

For further information, please contact Sam Woods on 0439 913 453 or Jared Palandri on 0474 737 371.

Expressions of Interest close 4pm (AWST) 22 November 2024