Anne Gibson: NZ Herald property editor on Du Val Group being placed into statutory management

Heather du Plessis-Allan Drive

The Government has moved on Auckland apartment developer Du Val Group, taking the rare step of placing it in statutory management.

The move follows the group of companies being placed in interim receivership on August 2 after an application by the Financial Markets Authority.

NZ Herald property editor Anne Gibson says investigations are still ongoing.

"We don't really know what's going on here - we know that it is complex and serious."

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