PwC looks at offer to cut loose Du Val Build To Rent

Refinance on these Māngere properties is at the centre of a proposal to lift part of Du Val out of statutory management (Image: BusinessDesk)

Garth Bray

Tue, 05 Nov 2024

Du Val statutory managers are considering a $24 million lifeline refinance offer to remove Du Val Build To Rent Limited Partnership from the 70 entities they control."It's an opportunity to secure the limited partners' funds and anything that gets in the way of that would be a travesty," said Mark Robinson a director of the Du Val BTR General Partnership, who is familiar with an earlier attempt to strike the refinance deal.BusinessDesk understands PwC staff are re-examining the proposal and negotiating with trans-Tasman mercha...

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