Monday, 26 April 2021, 7:12 am
On Friday 23rd April 2021, the Du Val Group confirmed
banking support for the
Build To Rent
fund of 17.3 million dollars with one of the
locally represented international banks following extensive
discussions with a short list of providers.
The Du Val
group’s vision has always been to create New Zealand’s
preeminent institutional grade
Build
Rent
fund.
The fund will provide secure long term and
sustainable rental income streams that ensures predictable
returns for investors even through challenging economic
periods. It is envisaged the fund will play a significant
role both economically and with positive societal benefits
Business Scoop » Announcement Of Multi-million Dollar Financial Partnership
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
auckland scoop co nz » Announcement Of Multi-million Dollar Financial Partnership
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Near-zero interest rates are pushing ordinary investors towards high-risk property funds.
Kenyon Clarke, founder of the South Auckland property specialist Du Val Group, is not backward in coming forward.
“I lost my $120 million business, my home, my cars and all my possessions 12 years ago when one of the world’s most corrupt banks, “the Halifax Bank of Scotland” [sic] went bust,” he proclaims on his website, kenyonclarke.com.
He and wife Charlotte were forced to rely on government assistance, she washing her hair with soap and the pair of them eating 50c lunches to get by, he further claims.
Fast forward to 2021 and according to Clarke the couple now presides over a $750m
Du Val wants $17.5m for Auckland build-to-rent purchases, forecasts 8% plus annual returns
26 Jan, 2021 04:00 PM
5 minutes to read
Property specialist Du Val is seeking $17.5 million from qualified wholesale investors in New Zealand, Hong Kong and Singapore to buy two Auckland residential complexes it owns to establish build-to-rent offerings. According to an information memorandum, the Du Val Build-to-Rent Fund LP is forecasting returns of more than 8 per cent annually.
The offer closes on January 31.
Du Val says it has a $750m pipeline of new work and cites CBRE research last year to claim to be New Zealand s largest private suburban apartment developer.