Du Val liquidation hearing to proceed despite FMA raid

Du Val liquidation hearing to proceed despite FMA raid
Du Val kicked its construction firm off the Mountain Vista Estate job. (Image: NZME)
Maria Slade
A liquidation hearing involving Du Val’s former construction subsidiary is set to proceed on Monday despite regulators swooping on more than 60 of the property group’s companies.On Friday, the High Court placed 64 Du Val entities and the group’s two founders, Kenyon and Charlotte Clarke, in interim receivership at the Financial Markets Authority's (FMA) request.The regulator and police entered the Clarkes’ Remuera home early on Friday morning carrying filing boxes and canisters.Meanwhile, the High Court at Hamilton i...

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