Territory builder Halikos has been split-up in a major restructure

One of the Territory’s biggest companies has formalised a restructure flagged by the NT News in November.

The break-up of the Halikos Group has been completed, with the two principals involved in the company going their separate ways after a 30-year partnership.

John Halikos and Shane Dignan finalised the restructure of the organisation on December 1, three weeks after the NT News flagged the changes in early November.

In a memo to staff, Mr Dignan advised that the Halikos Group had recently separated the business.

“I write to advise that the directos of the Halikos Group have recently undergone a business separation resulting in myself and affiliated entities assuming 100 per cent ownership and management of the Halikos Group,” he wrote in a letter addressed to valued employees.

Shane Dignan at the Akoya flats in Fannie Bay in 2014.

“Following the separation, I am continuing my role as the group’s managing director.”

Mr Halkos advised the sale was finalised on November 30 with the change of ownership effective from December 1.

“In the coming months, there will be an announcement regarding a rebranding for the current companies, however there are no changes to the company ABNs.”

Under the revised company structure, six business entities overseeing 10 businesses will remain under Mr Dignan’s ownership under the Halikos Group brand.

Under the terms of the separation the new entity has six-months from the end of November to be renamed.

The new Halikos team in December 2024

Halikos Pty Ltd will operate Halikos Developments and Construction and the Novotel Darwin CBD; Halikos Developments Pty Ltd will operate Northcrest; Halikos Services Pty Ltd will operate Halikos ICT; Halikos Roofing Pty Ltd will operate Halikos Roofing; Solis Real Estate Pty Ltd, will operate Solis Real Estate and Halikos Hospitality Pty Ltd will operate H on Smith, Dbar Restraunt, Frontier Hotel and Punters Bar.

Five entities and four businesses previously with the Halikos Group have been hived off to be operated by Mr Halikos.

H on Mitchell Pty Ltd and 105 Mitchell Street Pty Ltd will operate H105 Mitchell Hotel, Crab Claw Pty Ltd will operate Crab Claw Island Resort, NT Fastners Pty Ltd will operate NT Fastners Berrimah/Coolalinga and Lizards Bar Pty Ltd will operate Lizards Bar and Restaurant.

The separation ends a 30-year partnership between Halikos and Dignan, who were involved in some of Darwin’s biggest developments.

Major projects they have delivered include One30 Esplanade, the H on Mitchell Apartment Hotel, the Akoya residential development in Parap, Northcrest and the Charles Darwin University CBD campus.