Most Du Val investors unlikely to get anything, PwC says

Charlotte and Kenyon Clarke have still not fronted up for an interview with PwC. (Image: Supplied)

Tue, 16 Sep 2025

Two groups of investors in the failed Auckland property developer Du Val are unlikely to see any of their money returned, according to the latest report from PwC, which serves as the statutory manager.The Government placed 70 entities of the Du Val group into statutory management last August, with PwC initially estimating that it owed $306 million.Since then, some assets have been sold and secured creditors repaid, reducing the total debt to $268m.However, the amounts owed to unsecured creditors had increased slightly, and the fortunes of inves...

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