PHOTO: Kenyon Clarke & Charlotte Clarke. DUVAL
Five months after his property empire, Du Val, entered statutory management owing a staggering $237.5 million, Kenyon Clarke is hinting at a return to the industry with a new brand—and sparking outrage from investors left out of pocket.
In a bold social media post over the weekend, Clarke revealed he had a “great week getting back into property” and teased the launch of a new brand, leaving many questioning how he plans to re-enter the market. “My first focus is on building the community,” Clarke cryptically added.
Investor Backlash: “How Can This Be Allowed?”
Not everyone is excited about Clarke’s apparent comeback. A Du Val Mortgage Fund investor who lost more than $100,000 voiced her disbelief at his plans to start fresh.
“Be humble and do the right thing,” she urged. “Focus on giving investors the money they deserve before building personal wealth again.”
The investor, a recently divorced single mother, said she stood to lose nearly $200,000, which would have been life-changing during her current challenges.
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Clarke Fires Back at Critics
In response to the criticism, Clarke dismissed the investor’s concerns, saying, “One single nameless investor’s opinion is not worth anything.” He described the Financial Markets Authority’s decision to place Du Val under statutory management as “complete overreach” and vowed to help shareholders take legal action.
“In the meantime, all Kiwis have the right to work and earn, and that’s what I’m going to be doing,” Clarke said, adding that he needs to pay bills and fund a legal team to “seek justice.”
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Statutory Managers Weigh In
Despite Clarke’s ambitions, PwC statutory manager John Fisk confirmed that all assets tied to Clarke and his wife, Charlotte, remain under receivership.
“Any new assets or business ventures will be subject to our control,” Fisk said, noting the couple would likely need court approval before funding a new enterprise.
In the meantime, Du Val’s statutory managers are overseeing the completion of major developments, including Mountain Vista, Sunnyvale, and Te Awa.
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What’s Next for Clarke?
While Clarke’s hint at a property industry comeback has sparked outrage, his new venture remains shrouded in mystery. Whether he can rebuild his reputation and navigate legal hurdles will undoubtedly keep both supporters and critics watching closely.
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