Company type | Private |
---|---|
Industry | Property Development |
Founded | 1972 |
Founders | Alec Walker Lang Walker |
Headquarters | , Australia |
Area served | Australia, United States, Canada, Fiji, Malaysia |
Website | walkercorp |
Walker Corporation is an Australian privately-owned property development company.
Most notably, Walker Corporation is responsible for the development and restoration of several significant Australian sites, including King Street Wharf, Finger Wharf, Broadway Shopping Centre and Rhodes Waterside shopping centre in Sydney. [1]
Walker Corporation was founded in 1964 by Lang and Alec Walker, initially as an earthmoving and civil engineering business [2] until 1972 when Lang Walker formed The Walker Group and expanded into property development. [3] Walker Corporation was listed on the Australian Securities Exchange in 1994. [4] In 1999, Lang Walker sold his shares in Walker Corporation to Australand (now Frasers Property), reserving the right to reuse the Walker Corporation name after January 2003. [5] Lang Walker exercised that right in 2003, renaming McRoss Developments Pty Ltd to Walker Corporation. [6] In 2006, Walker Corporation sold over A$1.1 billion worth of assets to Mirvac, retaining its industrial and some of its commercial and retail interests. [7]
In 2011 Walker Corporation began development of Collins Square, then the largest commercial mixed-use development in Australia, with construction completed in 2019. [8] [9]
In 2014 Walker Corporation was selected by the Government of Queensland and Redland City Council as the preferred partner to redevelop Toondah Harbour, [10] a 67- hectare (170- acre ) site [11] which the government had declared a Priority Development Area located in Redland City, Queensland. The project was a source of controversy, [12] with parts of the proposed development area covering a Ramsar site. [13] In August 2016 Walker Corporation used a meeting with Federal Minister for the Environment and Energy Josh Frydenberg to lobby for boundary changes to reduce the size of the Ramsar site, described by the company as a matter of “urgent national interest.” [14] The company released revised plans in 2018, reducing the proposed land reclamation area by 12 hectares (30 acres) and reducing the impact on neighbouring Cassim Island. [15] In 2022 the company released the project’s Environmental Impact Statement, which was examined by the Government following public consultation. [16]
In 2015 Walker Corporation released plans for its largest international development Senibong Cove, [17] a 16-hectare (40-acre) development located in Johor Bahru, Malaysia. In 2016 the company's plans for a redevelopment of Adelaide's Festival Plaza were approved by the SA Development Assessment Commission, [18] with revised plans including expansions to the retail component approved in late 2020. [19]
As of October 2021 [update] , the company was developing over A$30 billion worth of projects across Australia and Malaysia. [20]
Co-founder Lang Walker died aged 78 years on 27 January 2024. He died surrounded by family at his Woolloomooloo residence on Sydney Harbour. His health had declined, leading to several hospital stays during the Christmas holidays. [39] [40]
Docklands, also known as Melbourne Docklands, is an inner-city suburb in Melbourne, Victoria, Australia, 2 km (1.2 mi) west of Melbourne's Central Business District, located within the City of Melbourne local government area. Docklands recorded a population of 15,495 at the 2021 census.
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