‘Faceless investors’ get organised as Du Val denies insolvency

Work on Verge apartments only stopped due to "consent amendments". (Image: BusinessDesk)

Wed, 14 Feb 2024

Du Val Property Group's chief executive, Charlotte Clarke, has told its worried fund investors that the group has been financially solvent ‘since inception’ as some of these investors consider legal action.In a ‘stakeholder’ letter, leaked to BusinessDesk by an investor in the group’s mortgage fund, Clarke said there were “inaccuracies” across news stories published in three news outlets in as many days.After BusinessDesk reported that the construction company had been ‘technically insolvent&r...

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