CCB appoints own receiver to Du Val BTR fund
Investors looking to leverage a lender buyout, with Clarkes’ holding possibly used to pay back out-of-pocket ‘mum and dad’ investors.
China Construction Bank aims to put the properties into mortgagee sale.
China Construction Bank has appointed receivers to the Du Val build-to-rent fund in a move aimed at forcing a mortgagee sale of its two Auckland properties.
The $35 million fund had already been listed as one of 64 of the beleaguered group entities to move into receivership after an action by the
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