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Property
2 mins to read
11

Du Val chair linked to bid to avoid ‘value destruction’

The chair of the in-receivership Du Val Property Group has been linked to a rescue deal by investment firm Cranleigh, to be bankrolled by Ray White.

John Dalzell.

Brent Melville Thu, 15 Aug 2024

Du Val Property Group chair John Dalzell is understood to be behind a bid to refinance the $17.4 million debt to China Construction Bank, staving off "wholesale value destruction" of an eventual mortgagee sale.

Dalzell, a former interim chief executive of Auckland’s Panuku Development and director

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Brent Melville Thu, 15 Aug 2024
Contact the Writer: bmelville@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
John Dalzell Du Val Group Kenyon Clarke Cranleigh China Construction Bank PwC Calibre Partners
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