Du Val's Lakewood partnership owes $10.2m

Du Val's Lakewood partnership owes $10.2m
The 151-unit Lakewood is in Manukau. (Image: Colliers)
Brent Melville
Lakewood General Partner – the development vehicle for Du Val Group's 151-apartment Lakewood Plaza in Manukau, now in liquidation – owes $10.2 million to its creditors.The venture, the general partnership of the Lakewood Plaza Limited Partnership between the developer and wholesale investment company Du Val and Downey Construction, moved into liquidation on March 13. Du Val's chief executive, Charlotte Clarke, told BusinessDesk the application to liquidate the general partnership at the time was part of "the normal...

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