Receivers ask Du Val founders: ‘Where are the assets?’

Receivers ask Du Val founders: ‘Where are the assets?’
PwC will ask the court to direct Charlotte and Kenyon Clarke to provide more information. (Image: Supplied)
Maria Slade
Receivers controlling the affairs of Du Val founders Charlotte and Kenyon Clarke say they have questions about the location of some of the couple’s assets.The Du Val property development and investment group was placed in statutory management in August owing an estimated $240 million, and the Clarkes themselves are in receivership.PwC was appointed receiver and statutory manager after the Financial Markets Authority (FMA) gained an asset preservation order over dozens of Du Val businesses and the couple.A court hearing set down for Dec 3...

More Property

RoofBuddy founder's previous venture was liquidated
Property

RoofBuddy founder's previous venture was liquidated

RoofBuddy sponsors the New Zealand Warriors NRLW franchise.

Gregor Thompson 24 Apr 2025
JLL to close debt advisory unit
Property

JLL to close debt advisory unit

Global commercial real estate firm Jones Lang LaSalle (JLL) is offshoring its debt advisory division, a month after it announced it would downsize its New Zealand footprint.  The Australian Financial Review (AFR) reported on Tuesday evening that JLL is closing its Australian and...

Gregor Thompson 23 Apr 2025
Damien Grant 'stacked creditor vote', US lender claims
Property

Damien Grant 'stacked creditor vote', US lender claims

Ormiston Rise funder Arena is taking court action to have the liquidator removed.

Maria Slade 23 Apr 2025
In defence of the villa
Property

Maria Slade: In defence of the villa

Removing protections from Auckland’s villas won’t solve the housing crisis.

Maria Slade 22 Apr 2025