Du Val shareholders saw a green light from FMA to invest

Du Val shareholders saw a green light from FMA to invest
“We're living in 1980s East Germany": Du Val's Kenyon Clarke fumes. (Image: Supplied)
Garth Bray
Du Val Property Group directors were let off with a warning and a promise of no adverse public comment from the Financial Markets Authority a month before raids and receivership took that company out of their hands. “We're living in 1980s East Germany. It's a wild conspiracy,” said Du Val co-founder Kenyon Clarke, commenting on the warning and subsequent seizures.  BusinessDesk has obtained a letter from the Financial Markets Authority (FMA) to Du Val Property Group (DVPG) dated July 2. The letter wrapped up a...

More Property

Te Awa Lakes a good fast-track candidate
Property

Maria Slade: Te Awa Lakes a good fast-track candidate

Explanation of why some other projects made the list would be helpful.

Maria Slade 27 Jan 2025
Brothel goes into liquidation
Property

Brothel goes into liquidation

One33 Vincent had been in dispute with its landlord over covid-related rent arrears.

Maria Slade 23 Jan 2025
Government looks to sell 35 homes in Waikanae
Policy

Government looks to sell 35 homes in Waikanae

Ministry to pay $21.5m and on-sell homes after developer triggers underwrite.

Oliver Lewis 21 Jan 2025
Clarkes hand over 'certain items' to Du Val receivers
Property

Clarkes hand over 'certain items' to Du Val receivers

The failed property group's founders had until Wednesday to front up with the assets.

Maria Slade 16 Jan 2025