close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Property
5 mins to read

Out-of-pocket subbies and disgruntled investors circle Du Val

Collective of subcontractors is looking at liquidation proceedings, while investors who have sunk as much as $1m into the developer are considering options.

Du Val co-founders Charlotte and Kenyon Clarke have made a reality tv series about themselves.

Maria Slade Wed, 14 Feb 2024
Key points
  • What’s at stake: A group of subbies is taking action over money owed on a Du Val townhouse development, while investors in the group’s suspended funds are considering their options.
  • Background: Du Val was warned by the Financial Markets Authority over misleading investors; meanwhile its showy co-founders have made a reality TV series about themselves.
  • Main players: Du Val, Charlotte and Kenyon Clarke, the Financial Markets Authority.

Investors in the Du Val group and subcontractors to the Auckland property developer are lawyering up as the state of its investment funds and projects remains unclear.

A lawyer for a collective of subbies on the 38-unit Parry Terraces development said liquidation proceedings against the relevant Du

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Contact the Writer: maria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • What’s at stake: A group of subbies is taking action over money owed on a Du Val townhouse development, while investors in the group’s suspended funds are considering their options.
  • Background: Du Val was warned by the Financial Markets Authority over misleading investors; meanwhile its showy co-founders have made a reality TV series about themselves.
  • Main players: Du Val, Charlotte and Kenyon Clarke, the Financial Markets Authority.
Out-of-pocket subbies and disgruntled investors circle Du Val
Property,
102679
true