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 are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

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, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

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, forensics, real estate, restructuring and investment services. The business was co-founded in April 2002 by Mark Korda and Mark Mentha, for who ...

was appointed the

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, 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 *

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 ...

Parliament House, Canberra Parliament House is the meeting place of the Parliament of Australia, the Legislature, legislative body of Politics of Australia, Australia's federal system of government. The building also houses the core of the Executive (government), execut ...

* 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