Greaton Group head Nicho Teng to list Adelaide home

Nicho Teng, head of the property developer Greaton Group, is set to list his Adelaide home.

The resort-style residence sits on a 7,000 square metre estate at Mitcham, south of the Adelaide CBD.

Teng, who migrated to Australia in 2011, will instead reside in the West Franklin apartment complex, his 560 unit project.

Teng had plans to built a chateau style home on the grounds formerly owned by bankrupted winemaker Andrew Garrett.

The proposed demolition was front page news in Adelaide.

The 31-year-old, who is a sponsor of Port Adelaide Football Club, paid $3.2 million in 2018 after just 35 days on market. 

The entrepreneur, who was married last year, said Adelaide would remain his hometown, although his wife lives in Sydney.

Teng is the founder of Haneco Lighting, one of Australia’s largest manufacturers and suppliers of LED lighting.

This article was first published in The Weekend Australian.