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Building boom fills Walker’s coffers as Rich Lister gets set to jet

Nick Lenaghan

Billionaire developer Lang Walker collected more office rents and made better sales from his housing projects over the course of the 2020 financial year than in the previous year, with his vast property empire proving remarkably resilient during the worst of the pandemic disruption

While the high-flying AFR Rich Lister’s wings were clipped for much of the period by COVID-19 travel restrictions, Walker Group’s key revenue streams prospered, benefiting from both the housing boom and increased income as office developments in Sydney and Melbourne were completed and leased up.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/building-boom-fills-walker-s-coffers-as-rich-lister-gets-set-to-jet-20211028-p593wq