ENTREPRENEUR, CO-FOUNDER & CEO OF THE DU VAL GROUP
Kenyon Clarke is an experienced entrepreneur and company director with a 21-year background in property sales, investment and development, mergers and acquisitions, corporate finance and, private equity.
He is married to Charlotte and they have four children together, Kane (6), Zara (5), Daxton (18 months) and Petra (brand new).
Between 2001 and 2008 Kenyon completed in excess of $200m of direct property transactions as principle within the serviced apartment/hospitality, residential and commercial sectors.
He also completed a number of leveraged buyouts of contracting businesses in Wellington, Auckland and Hamilton.
In 2008 Kenyon lost everything he had built during the devastation of the Global Financial Crisis (GFC) and Finance Company collapse, when his bankers the Halifax Bank of Scotland became insolvent. Through that experience, Kenyon learned the importance of “sticking to his knitting” and the value of retaining “bricks & mortar” investments.
Following the GFC, Kenyon started again, focusing on establishing quality investments with third parties, predominantly working with high net worth individuals and institutional investors prior to co-founding the Du Val Group with his father Peter. Notable achievements during this period include securing £98m of equity investment for a central London tower project and establishing a number of New Zealand domiciled separate account mandates to acquire quality residential led, mixed use property in key metropolitan centers.
Tough business lessons mean Auckland property developer is in for the long haul.
Kenyon Clarke is a rare breed among property developers; he personally invests in his own projects.
Founder and CEO of suburban apartment developers The Du Val Group , Clarke is retaining ownership of around 45 apartments in two high-rise complexes he is constructing in south Auckland.
There are plenty of people who have lots to say about urban regeneration and developments featuring well-designed and affordable homes, in places that folks actually want to work.
Kenyon Clarke of Du Val Developments has done more than talk about it.
“We’ve been named by [real estate company] CRBE as Auckland’s second-largest suburban apartment developer,” he says.
“In the last five years we’ve built over 200 apartments around Middlemore, Papatoetoe and Mangere Bridge. Our Lakewood Plaza, near Manukau, is a $110 million development.”
Ludo Campbell-Reid: Hosking is wrong, people want apartments without parks
We salute @Ockham for championing car free or car “lite” urban regeneration projects. While this isn’t a feature of our larger projects, we have built hundreds of apartments with parking for only a third of residents as occupiers in 2018 are utilising public transport in a way that would have been hard to imagine even 10 years ago.
For us development has to first consider our customer and what they need to live comfortably in a new building. We will continue to adapt as our customers needs change and if that means less parking and more ride sharing options, we will embrace it. Creating a sustainable and beautiful city is forefront in our mind.
This won’t be the last time we see Auckland’s rents sky rocket. A good time to be an investor in South Auckland!