Announcement from Genius Homes
Genius Homes brand ownership moving to Laing Properties Ltd
Laing Properties Ltd (LPL) is proud to announce its acquisition of the Genius Homes Ltd brand.
The past 3 years in the construction industry have been some of the toughest in New Zealand’s recent history, with some industry peers making the difficult decision to close business, whilst others became insolvent after waiting too long to make the decision, placing significant hardship on clients and suppliers. Throughout this time both LPL and GHL continued to operate, optimising and streamlining our business models to reflect market conditions. We are confident that 2025 will see the home-building sector grow, supported by recent changes in the OCR and government legislation brought in to kickstart the market.
By bringing together two of the South Island’s longstanding, family-owned prefabricated home businesses, we are ensuring we will be in a strong position to continue offering residential and commercial housing solutions to clients of both brands for many years to come.
Myles Laing: “We are excited to bring the Genius Homes Brand into the Laing Properties family and continue to deliver on its reputation and promise to design, build, transport and install high-quality commercial and residential properties across the South Island. We recognise the hard work and effort that has gone into building the Genius Homes Brand and wish to see it thrive for many years to come, pushing both brands to excellence and providing housing solutions to a wide array of Kiwis
Kingsley Smith: “I am pleased and confident of the work and reputation Genius Homes has achieved since we started it back in 2010. We have grown from a small family business producing prefabricated homes, to a renowned brand providing full project management for commercial and residential clients alike. The Laing family will continue to develop the Genius Homes brand and its quality designs into the future. As owners we are looking to follow other business opportunities that we have but will be working with our clients and Laing’s for some time into 2025.”
Operational Updates
All existing clients of Genius Homes Ltd, including those whose houses are under construction or have been built, installed and are within the existing warranty period, will continue to be managed under their contract terms and conditions, with each client being contacted in advance of this release to inform them of the changes of ownership.
All existing production will continue in Genius Homes’ Timaru factory, under the pre-existing contract terms and conditions.
Future production of homes for Genius Homes clients will now take place alongside Laing Properties production in Rolleston, which boasts construction equipment facilities allowing for larger-scale projects, on-site show homes, as well as being the headquarters for both Laing Properties and Genius Homes teams heading into 2025.
Client and Media Enquiries
We have collated FAQs to assist with any questions you may have. Additionally, we have contacted our clients directly to advise them of the changes. Further to this, if you have any queries related to this or another matter, please find the best contact details below:
Existing Genius Homes Clients:
- Warranty Claims: warranties@geniushomes.co.nz
- Queries: admin@geniushomes.co.nz
- Finance: admin@geniushomes.co.nz
New Client Enquiries: sales@geniushomes.co.nz
Media Enquiries: marketing@geniushomes.co.nz
Kind Regards
Laing Properties and Genius Homes
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FAQs
Genius Homes will continue with our commitment to clients. House production for existing clients will continue as normal at our Timaru factory, as will the original agreed plan in our project management plan and signed contract.
For any clients who have a house in production, or their house was completed within the previous 2 years, the Genius Homes 2-year Quality Assurance Guarantee will continue, per the details in the contract agreement.
For new clients, this guarantee will be replaced by the Laing 1-Year Maintenance Guarantee, with an optional 10-Year Master Build
Genius Homes clients under the 2-Year Guarantee: Warranty Support: warranties@geniushomes.co.nz
The market has been in decline during the post-Covid period, with many of our industry peers either closing down or going into liquidation. Genius Homes has adjusted business operations throughout to manage those conditions. However, as we still wait for the market to turn for the better, we are taking steps to ensure Genius Homes can continue to both serve our existing clients and continue providing high-quality homes and project management services. The Genius Homes brand and IP ownership moving to Laing Properties Ltd. affords us an exciting avenue to achieve these goals.
Genius Homes are working to complete your new home on schedule or as soon as possible and will keep in communication to update you on progress.
Any price estimates you have received as part of a proposal will not change as a result of the change in Genius Homes brand ownership. These prices will only change if further variations and other requests are made by our clients. These will be managed on an individual basis. For more information, you can contact your sales manager directly.
We will work to meet the date set in our initial project proposal. However, we will discuss these dates with each client individually and ensure any changes in the schedule are agreed by all parties before any contract is signed.
Our sales team is contacting all of our clients individually. If you have further questions, you can email them directly.
Alternatively, please email admin@geniushomes.co.nz