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.
Clarke’s multi-million dollar personal investment – he will offer many apartments for rent – is a departure from normal practice among developers, most of whom move on to their next project once sales are finalised.”
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.”