According to Greg Walker’s website – http://macarthurprojects.com/about-us/ …. which contains a series of attractively rendered photos, Greg Walker has been developing properties to the tune of over $300m since about 1994 (source: http://macarthurprojects.com/ circa November 2017).
Regrettably Greg, despite working in a team with 200 years experience and $300m in projects (as discussed below), experienced some dramas with ASIC and others as the following documents suggest:
Despite the above, we couldn’t find a mention of these facts upon his website which states:
A carefully selected team of experts boasts a combined experience of more than 200 years of industry knowledge including one of Sydney’s leading Town Planners …
Managing Directors, Greg and Karen Walker are well known in the industry for their ability to convert raw sites into development approvals and thus creating a high return on investment ***.
In addition to Macarthur Projects dedicated full time staff, the company has invested in long term relationships that span nearly two decades with some of the industries most highly regarded consultants who add real strength and experience to the mix.
More than 80% of Macarthur’s developments are the result of off market transactions…..
Macarthur Projects has a 100% success rate in approvals through the consent authorities, this includes the NSW Land and Environment Court. This provides the foundation to the project success. …
The philosophy adopted by Macarthur Projects to utilise a balance of both in-house staff and external consultants, gives the company a nimble advantage to respond to matters of urgency.
With direct access to some of the most skilled and reputable designers and architects, the final developments are world class.
Source: http://macarthurprojects.com/about-us/. *** disclaimer – sometimes negative returns achieved by Greg Walker.
Can 200 years experience help?
In short, no not always.
According to our research, a number of Greg & McArthur’s finest projects are imaginary (or incomplete), for instance:
- The Jetty Project, Bayview (completed without Greg Walker)
- Barkala Project / 131MVR Pty Ltd (in liquidation), 131 Mona Vale Rd, St Ives – abandoned partly completed with a series of highly questionable certificates issued and NSW Fairtrading investigation that followed
- Tide, Church Point
- The Shed, Mona Vale
Projects not completed – artists impressions only
The following renders are mere artists impressions and were not completed by McArthur Projects or alternatively not completed at all (expect as noted):
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Fake – not a completed McArthur Project 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Not a completed McArthur Project (Artists impression only) 
Barrenjoey Rd, Palm Beach 
Not a completed McArthur Project (Artists impression only)
Mysterious Certificate problems, St Ives
Bad luck has dogged Greg Walker resulting in the liquidation of an incomplete development at 131-135 Mona Vale Rd, St Ives known as Barkala.
Unfortunately when NSW Fairtrading came knocking they did not like what they found. The writer has recently stumbled across an email entitled:
St Ives development company in liquidation 🙁
Sadly Greg Walker’s company 131MVR Pty Ltd (in liquidation) is no more.
It is unknown if the long-suffering residents and Owners Body Corporate – the people who ultimately from their own pockets footed the bill to correct the defects and incomplete works left by Greg Walker and his company are recorded as creditors? These defects are discussed in our separate blog:
Garfield Hotel / Angelsea Gold Coast – in receivership
A nice blog is being prepared so that Gold Coast investors know what to expect?
Sadly, it is reported, Garfield Hotel Angelsea – another Greg Walker McArthur Projects project might also be in trouble?
The Garfield Hotel / Angelsea project is believed to be owned by Fucrez Pty Ltd in receivership?
View our blog on the Garfield Hotel in receivership/ Angelsea project – click this link.
The Archibald, Gosford – is it next to go kaput?
The writer was greatly saddened to read that Greg Walker’s unfortunate run continues with not 1 but 2 receivers now appointed over The Archibald Project at Gosford and angry non-Homebuilder grant recipients wishing to terminate their contracts?
Other than these minor issues, Greg’s latest project is virtually amazing:
In a test run for the real thing perhaps, during a ferocious 59km/hr breeze, various inadequacies were exposed:
or video here:
Alternatively, the following promotion video may sell you your new virtual lifestyle?
To bring The Archibald within reach of any purchaser with a pulse, Greg Walker notes that the NSW Government & the HomeBuilder grant were available as free money. It is unknown whether the project and off the plan purchasers are in-fact eligible for the $15,000 Homebuilder grant?
It is rumoured that Greg Walker was able to complete the acquisition of Archibald land, despite declaring to the NSW Office of State Revenue that the contract had been rescinded and not re-entered, with the benefit of a few ($16,000,000 of) helping hands dollars from Keith Snell whilst alive. Unfortunately Keith could not attend the public examinations re: 131MVR nor provide any answers to its liquidators.
Personal
Personally, Greg is married to his joint managing director of McArthur Projects.
Karen Vee Walker (formerly Director of 131MVR Pty Ltd (in liquidation)).
Profile: To be continued
Joint Managing Directors, MacArthur Projects
Successful joint managing directors and life coaches present the ideal image of a happy family.
What next?
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