Du Val Build to Rent investors to get 41c in the dollar after sales

NZ Herald

20 Mar, 2026 01:26 AMQuick Read

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Du Val was founded by Kenyon and Charlotte Clarke in 2013. Photo / Supplied

Investors in Du Val’s Build to Rent venture can expect 41c in the dollar after statutory managers sold two Auckland properties and terminated a lease with a tenant who refused to honour their agreement, BusinessDesk reports.

The collapsed property group now owes an estimated $225.8 million, down $42m in six
months following multiple property sales, the latest statutory managers’ report shows.

The company was placed in statutory management in August 2024 with debts of about $268m.

The third six‑monthly report, covering August 21, 2025, to February 20, 2026, was released on Friday by statutory managers John Fisk, Stephen White and Lara Bennett at Teneo. The trio have moved from PwC.

Teneo manages the Du Val Group’s operations across some 70 entities and oversaw post-sale matters for the Build to Rent Fund.