Walter Construction Group Limited, known for most of its life as Concrete Constructions Pty Ltd, was one of Australia's oldest and fifth largest

construction company Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and co ...

prior to its 2005 collapse. The company was founded on 21 April 1920 by Allen Lewis. It remained independent until 1999, when the company was bought by the

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

Walter Bau and rebranded as Walter Construction Group.

Collapse

Before its collapse, Walter Construction had two divisions: "Construction and Civil", and "Mining". While the mining division was profitable and expanding, the construction division had been losing money since 2000. By the company's collapse, 18 of its 21 contracts were cashflow negative. During this period the company heavily relied on its parent company for financial support, however Walter Bau was also experiencing financial difficulties and both companies were placed into liquidation on 3 February 2005.

KordaMentha KordaMentha is an Asia-Pacific advisory and investment firm that provides specialist consulting, forensic, real estate, restructuring and investment services. The business was formed in April 2002 by Mark Korda and Mark Mentha. KordaMentha has ...

was appointed the

administrator Administrator or admin may refer to: Job roles Computing and internet * Database administrator, a person who is responsible for the environmental aspects of a database * Forum administrator, one who oversees discussions on an Internet forum * N ...

, and proceeded to liquidate the remaining assets of the company by 2018. During their investigation, it was also revealed that Walter Construction had traded while insolvent. Prior to the collapse, John Holland had a bid to acquire Walter Construction, however the deal fell through in 2002.

Notable projects

John Gorton Building The John Gorton Building, also referred to as the Gorton Building and formerly the Administrative Building, is a heritage listed government office located within the Parliamentary Triangle in Canberra, Australia. The office building is the admi ...

Black Mountain Tower Telstra Tower (also known as Black Mountain Tower and formerly Telecom Tower) is a telecommunications tower and lookout that is situated above the summit of Black Mountain in Australia's capital city of Canberra. It is named after Australia's l ...

* Parliament House, Canberra * Grosvenor Place (Sydney)Grosvenor Place
Sydney Architecture

References

{{Reflist Companies based in Sydney Construction and civil engineering companies established in 1920 Construction and civil engineering companies of Australia Australian companies established in 1920 Australian companies disestablished in 2005