CBRE marketing Du Val build to rent assets

17th February 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Two Auckland purpose built rental complexes owned by an entity associated with the troubled Du Val Group are for sale via CBRE.

CBRE, acting for the government-appointed statutory manager of the group, is marketing the Du Val Build to Rent Portfolio for sale by tender, closing on Thursday 13 March 2025. 

The 72-unit 69 McKenzie Road at Māngere Bridge and the 99-unit 2-6 May Road at Māngere East are being offered for sale either together as a portfolio, or individually as two separate assets.

Du Val, which comprised dozens of companies, owed creditors and investors about $237.4m, with owners Kenyon and Charlotte Clarke also in personal receivership.