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The Liquidators for Porter Davis Homes (PDH) announce that on 5 May 2023, they entered into an agreement for the sale of PDH’s intellectual property to two of Australia’s leading residential builders.
Over a number of years PDH has accumulated a library of intellectual property including its extensive product range of home designs and drawings.
While the terms of the sale are confidential, the Liquidators were able to agree with the buyers a right for the intellectual property to be continued for use by existing customers of PDH who are still in the process of completing their homes on a fee free basis.
The Liquidators have separately communicated to customers the process by which they can access the drawings and technical information for their home build.
Said Jahani, Joint and Several Liquidator from Grant Thornton said, “It is pleasing to see the market recognise the value of the PDH brand and the intellectual property it has developed over so many years. This transaction will allow these designs to be used by the two new owners in their operational footprints.
The sale specifically excludes any rights or intellectual property associated with Englehart Homes which continues to trade as normal and is not in liquidation.
PDH Group Creditors and Customers can visit this link for the most up to date information.
Media enquiries please contact:
Mikala Spark
Senior Communications Manager
D +61 412 334 851
E mikala.spark@au.gt.com
Press Release
Liquidators for Porter Davis Homes reach agreement for sale of intellectual property
08 May 2023
The Liquidators for Porter Davis Homes (PDH) announce that on 5 May 2023, they entered into an agreement for the sale of PDH’s intellectual property to two of Australia’s leading residential builders.
Over a number of years PDH has accumulated a library of intellectual property including its extensive product range of home designs and drawings.
While the terms of the sale are confidential, the Liquidators were able to agree with the buyers a right for the intellectual property to be continued for use by existing customers of PDH who are still in the process of completing their homes on a fee free basis.
The Liquidators have separately communicated to customers the process by which they can access the drawings and technical information for their home build.
Said Jahani, Joint and Several Liquidator from Grant Thornton said, “It is pleasing to see the market recognise the value of the PDH brand and the intellectual property it has developed over so many years. This transaction will allow these designs to be used by the two new owners in their operational footprints.
The sale specifically excludes any rights or intellectual property associated with Englehart Homes which continues to trade as normal and is not in liquidation.
PDH Group Creditors and Customers can visit this link for the most up to date information.
Media enquiries please contact:
Mikala Spark
Senior Communications Manager
D +61 412 334 851
E mikala.spark@au.gt.com
Experts / Authors
Mikala Spark
Senior Communications Manager at Grant Thornton Australia
