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.
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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