PwC view of Du Val's solvency 'unchanged'

PwC view of Du Val's solvency 'unchanged'
Kenyon and Charlotte Clarke still own the Du Val entity that controls development property projects. (Image: NZME)
Maria Slade
Du Val statutory managers PwC “do not agree” with investors’ claims that parts of the failed Auckland property development group are solvent.Minority shareholders in Du Val Property Group (DVPG) have written to Commerce Minister Andrew Bayly urging him to remove the entity from statutory management. They claim it met the solvency test before regulators acted last month.Earlier this year, 66 Du Val investors accepted an offer to exchange their interests in its investment funds for shares in DVPG. They now own just under 22% of...

More Property

Southbase Construction targets North Island growth
Infrastructure

Southbase Construction targets North Island growth

Set up after the quakes, the Christchurch firm is rapidly scaling up in the North Island.

‘Cowboys’ the reason for building consent delays
Property

‘Cowboys’ the reason for building consent delays

Building inspectors hit back at Minister Penk’s claims they are holding up consents.

Maria Slade 03 Apr 2025
Fletcher Building’s Clever Core prefab house-building factory to shut
Property

Fletcher Building’s Clever Core prefab house-building factory to shut

Fletcher Building’s much-vaunted Clever Core prefab house-building factory at Wiri in South Auckland will close next year and be replaced by a PlaceMakers frame and truss plant.A spokeswoman said Clever Core had not worked out and would close by June 30.“Fletcher Building has mad...

Staff reporters 31 Mar 2025
Graeme Hart lends to twice-bankrupted builder
Property

Graeme Hart lends to twice-bankrupted builder

The owner of failed developer Buildform is a Hart family friend.

Maria Slade 31 Mar 2025