Du Val in ‘negotiations’ to resume investor payments

Du Val in ‘negotiations’ to resume investor payments
Du Val co-founders Charlotte and Kenyon Clarke. (Image: Facebook)
Brent Melville
Du Val Capital Partners has acted to reassure its build-to-rent fund investors that the fund has adequate reserves to meet its obligations.The company, in response to investor concerns as to its ability to service interest commitments by both its build-to-rent (BTR) and mortgage investor funds, issued an update to its BTR partners at the end of last month.The effort coincides with more evidence that non-wholesale investors have been allowed to invest in the lightly regulated wholesale market.'Stupid'BusinessDesk has spoken with an inves...

More Finance

IRD issues warning to crypto holders ahead of audits
Finance

IRD issues warning to crypto holders ahead of audits

The IRD has identified 227,000 crypto-asset users in NZ and contacted those at risk.

$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 11:00am
MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

Chief executive Chris Lamers said he takes the claims 'very seriously'.

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024