News and Announcements
Nevhouse FY16 Update: $1M Raised & Further $2M Expected, Won Sustainability & Architecture Awards, New Investors
- Published August 04, 2016 5:24PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Nevhouse –www.nevhouse.com – an Australian sustainable social enterprise, has raised A$1M to date and expects to secure the remaining A$2M by the end of Q3 2016. This follows the successful completion of our initial sustainable community development project in Vanuatu and winning both the Sustainability and Architecture awards at the 2016 Australian Good Design Awards. Our story and innovative design approach to flat-pack housing were also broadcast on ABC’s 730 Report:
Our design capabilities have also been further enhanced by Brookfield Multiplex – who have offered Nevhouse access to their skills, IP and experience in sustainable housing. This is an exciting development for our business and underpins our innovation agenda and ensures we remain ahead of our competitors.
Recent new investors include Gary Flowers (former CEO at Australian Rugby and former COO at the Mirvac Group) – who along with Grant Mason (formerly Elanor Investors group) have both agreed to act as Strategic Advisers to the business.
The sales pipeline has also grown significantly with many opportunities to help people living in Australia, Fiji, Sri Lanka, PNG and Vanuatu – all of which are expected to close in 2016.
Management are therefore confident we will achieve our sales and profit targets by the end of 2016 – which sets Nevhouse up for an even stronger growth year in 2017.
ABOUT NEVHOUSE
Nevhouse is a philanthrocapitalist organisation – founded by Australian surfing icon, Nev Hyman – that believes in “Doing Well by Doing Good”. The business is seeking US$5 million+ in new capital to roll out ‘sustainable community development’ projects in Vanuatu and Papua New Guinea. The houses and other structures were designed by Ken McBryde from Hassell Architects – a leading global specialist in indigenous housing.
We believe Nevhouse is unique compared with traditional “bricks and mortar” options – which are more costly, not sustainable and take 3-4 times longer to build. Demand for affordable housing is strong in most parts of the developing world and our focus in 2016 is in the Pacific which will provide a platform for global growth in 2017 and beyond.
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