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Lang Walker, the developer with a touch for timing

Lang Walker, the developer with a touch for timing

The Rich Lister who died over the weekend aged 78 spotted change before most people and enjoyed the freedom of a private company to move quickly to tap it.

Michael BlebyDeputy property editor

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Lang Walker thrived in a property industry in which he – better than most – read the signs of change and moved ahead of them.

Turning his family excavation business into a residential development business, selling his listed Walker Corp to rival Australand in 1999 ahead of the dotcom crash, and repeating the trick seven years later when he sold Mirvac $1.1 billion of assets months before the global financial crisis hit were hallmark pivots of the developer who died over the weekend.

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Michael Bleby
Michael BlebyDeputy property editorMichael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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Original URL: https://www.afr.com/property/commercial/lang-walker-the-developer-with-a-touch-for-timing-20240128-p5f0k2