Du Val investor had 'played around' investing before staking $150,000

Du Val investor had 'played around' investing before staking $150,000
A Du Val-branded scented candle is the only tangible reminder of one fund-holder’s $150,000 investment. (Image: BusinessDesk)
Garth Bray
An investor in the Du Val Mortgage Fund limited partnership (in statutory administration) now doubts she qualified as an eligible investor under the wholesale investment regime and regrets convincing a relative to certifying her before she committed a significant portion of her savings.“One hundred and fifty thousand dollars ... I could use that now,” Anita, an Auckland healthcare worker whose real name BusinessDesk has agreed to withhold, said.She shared her experience in an interview for The Du Val Story.Eligibility as a wholesale...

More Property

‘Cowboys’ the reason for building consent delays
Property

‘Cowboys’ the reason for building consent delays

Building inspectors hit back at Minister Penk’s claims they are holding up consents.

Fletcher Building’s Clever Core prefab house-building factory to shut
Property

Fletcher Building’s Clever Core prefab house-building factory to shut

Fletcher Building’s much-vaunted Clever Core prefab house-building factory at Wiri in South Auckland will close next year and be replaced by a PlaceMakers frame and truss plant.A spokeswoman said Clever Core had not worked out and would close by June 30.“Fletcher Building has mad...

Staff reporters 31 Mar 2025
Graeme Hart lends to twice-bankrupted builder
Property

Graeme Hart lends to twice-bankrupted builder

The owner of failed developer Buildform is a Hart family friend.

Maria Slade 31 Mar 2025
Developers make unsolicited bids for prime Chch rebuild site
Policy

Developers make unsolicited bids for prime Chch rebuild site

Crown Infrastructure Delivery is weighing up options for the massive site.

Oliver Lewis 28 Mar 2025