Du Val early creditor estimate $250m: Fisk

Du Val early creditor estimate $250m: Fisk
PwC's John Fisk is now statutory manager of Du Val. (Image: PwC)
Victoria Young
Du Val’s statutory manager, John Fisk, has confirmed that at least $250 million is owed to creditors after the property group’s collapse.PwC’s Fisk said this was an early estimate based on the company records he had.Fisk was appointed statutory manager of 70 entities associated with Du Val on Wednesday evening.  One effect of the Government's move is that existing receiverships stopped.This meant that a process by receivers for China Construction Bank to sell built-to-rent developments, the May Road Studios in Mā...

More Property

RoofBuddy founder's previous venture was liquidated
Property

RoofBuddy founder's previous venture was liquidated

RoofBuddy sponsors the New Zealand Warriors NRLW franchise.

Gregor Thompson 24 Apr 2025
JLL to close debt advisory unit
Property

JLL to close debt advisory unit

Global commercial real estate firm Jones Lang LaSalle (JLL) is offshoring its debt advisory division, a month after it announced it would downsize its New Zealand footprint.  The Australian Financial Review (AFR) reported on Tuesday evening that JLL is closing its Australian and...

Gregor Thompson 23 Apr 2025
Damien Grant 'stacked creditor vote', US lender claims
Property

Damien Grant 'stacked creditor vote', US lender claims

Ormiston Rise funder Arena is taking court action to have the liquidator removed.

Maria Slade 23 Apr 2025
In defence of the villa
Property

Maria Slade: In defence of the villa

Removing protections from Auckland’s villas won’t solve the housing crisis.

Maria Slade 22 Apr 2025