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Hot Topic EARNINGS
Property
3 mins to read
20

Funding ‘matter of when, not if’, Du Val assures subbies

Its lender is being ‘difficult’ but it is optimistic funds will come through, the property group’s CEO tells unpaid contractors.

Subbies are still owed money on the completed Parry Terraces development.

Maria Slade Wed, 01 May 2024

Auckland property development group Du Val has told subcontractors still owed money on two of its projects that its lender has been “very difficult to get hold of”.

In an update to creditors last week, Du Val chief executive Charlotte Clarke said the group had not received an explanation as to

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Maria Slade Wed, 01 May 2024
Contact the Writer: maria@nbr.co.nz
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Funding ‘matter of when, not if’, Du Val assures subbies
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