The real estate empire built up over decades by billionaire developer Lang Walker, who died over the weekend, will be steered by a trusted group of senior executives as part of the Walker family’s longer-term plans for the extensive property portfolio.

Mr Walker, who was 78 when he passed away, had already put in place succession planning within the business early last year, handing over responsibility for running the company and its $36 billion development pipeline to a group veteran executives.