Type Private Website walkercorp.com.au Founded 1972 Parent organization Australand Property Group | Industry Property Development Headquarters Sydney, Australia Area served Malaysia | |
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Founders Alexander Walker, Lang Walker Profiles | ||
Walker Corporation is an Australian-based privately owned property development company, with an international development portfolio in USA, Canada and Malaysia. It is Australia's largest privately owned development company, being fully owned and operated by its high profile co-founder and CEO, Lang Walker.
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Most notably, Walker Corporation is responsible for the development and restoration of a number of significant Australian sites, including King Street Wharf, Finger Wharf, Broadway Shopping Centre and Rhodes Waterside shopping centre in Sydney. Currently, Walker Corporation are developing Collins Square in Melbourne, Australia's largest commercial mixed-use development.
Walker corporation
History
In the late 1960s, Lang Walker, along with his father Alec Walker, established A & L Walker Pty Ltd in New South Wales as a plant hire and earth moving contractor.
In 1972, Lang Walker founded The Walker Group, a company specialising in the new roads construction, and subdivision development.
In 1977, The Walker Group began residential development activities.
Throughout 1979 and 1980, the group undertook the development of a number of small office buildings and lower-density residential projects throughout southern Sydney.
During the early 1980s, The Walker Group undertook subdivision projects throughout Brisbane and Sydney. Meanwhile, Walker Constructions Pty Ltd was established to perform the construction aspects of the Group's development projects.
In the late 1980s, the Group focussed on residential and industrial development projects, and civil engineering projects in Brisbane, Melbourne and Sydney.
In 1988, The Walker Group was officially renamed to Walker Corporation Pty Limited.
During the 1990s, Walker Corporation primarily developed residential and retail properties. During this time, the business expanded significantly.
In 1993, the corporation participated in the establishment of the listed property trust The Industrial Property Trust of Australia, as a joint manager with Macquarie Bank Ltd.
In 1994, the company floated. Lang Walker retained his position as the Managing Director, while projects under the control of Walker Corporation Limited went on to generate over $2 billion in sales revenue, while employing over 375 full-time staff.
In 1999, Lang Walker elected to sell his held shares in Walker Corporation Ltd to Australand Holdings Limited, to focus on running his private development company McRoss Developments Pty Ltd. Mr Walker reserved the right to reuse the Walker Corporation name after January 2003.
In 2000, the company acquired the Queensland property Hope Island Resort, including an 18-hole golf course, and approximately 2,000 housing allotments.
In 2003, Lang Walker exercised his right to reuse the Walker Corporation name, renaming McRoss Developments Pty Ltd as Walker Corporation.
In 2006, Walker Corporation sold over $1.25 billion worth of assets to Mirvac, while continuing to develop over 20 projects across retail, commercial, residential and industrial sectors.
In 2008, Walker Corporation began its first Malaysian development, beginning work on Senibong Cove, a mixed-use development situated across 213 acres of waterfront land in Johor Bahru.
In 2010, Walker Corporation began work on its largest project to date – Collins Square, Australia's largest mixed-use development, located in Melbourne's CBD.
Completed Projects
Walker Corporation is responsible for several significant development and restoration projects throughout Australia, including King Street Wharf in Sydney, Finger Wharf in Sydney, Hope Island Resort in Queensland, Broadway Shopping Centre in Sydney, and Rhodes Waterside shopping centre in Sydney.