Du Val debt balloons to $306 million

The shuttered Du Val Verge apartments site in Mt Wellington. (Image: Jason Dorday)

Fri, 21 Mar 2025

The amount owed by failed property development group Du Val has grown to almost $310 million, the second statutory managers’ report reveals.On Thursday, the Government put up just over $1m to pay statutory managers’ PwC's fees until funds can be recovered from unwinding the complex group.PwC initially estimated the group owed around $240m, but its report on Friday said $306.36m was estimated owing to externally or to investors. This comprised $224.77m to secured creditors, $7.59m to preferential creditors, $10.18m to unsecu...

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