One of the NT’s biggest companies is set for a change

One of the Territory’s largest companies is facing a major shake-up. Read what’s happening.

Change is believed to be imminent at one of the Territory’s largest construction companies.

Directors John Halikos and Shane Dignan are breaking up the company’s hospitality and development arms, although the main construction arm will retain its current ownership.

The NT News understands the carve-up will see Mr Halikos walk away with the H105 building on Mitchell Street, Lizards Hotel on the corner of Daly and Mitchell streets and Crab Claw Island resort.

Mr Dignan has got the Northcrest development in Darwin’s northern suburbs as well as the Novotel, H and Frontier hotels and company debt.

The view from Halikos’s H105 apartment complex on Mitchell Street.

The NT News understands the company’s construction division will retain its current structure for the time being.

The separation, when it occurs, will end a 30-year partnership that has been responsible for some of the Territory’s biggest developments.

Established in 1987, Halikos Group began life as a contract and roofing business that morphed into seven separate enterprises all linked under the Halikos banner.

The seven divisions are developments, construction, roofing, hospitality, real estate, construction supplies and manufacturing.

Halikos is currently developing the $250m Charles Darwin University building in the CBD and the Northcrest development at Berrimah farm.

Mr Dignan and his stepson Lachlan Mitchell are involved in the redevelopment at the old Ducks Nuts hotel in Mitchell Street with the Coleman family which, when completed, will allow him to re-enter the hospitality space vacated by the transfer of Lizards to Mr Halikos.

This masthead has attempted to contact Mr Halikos and Mr Dignan for comment.