Wall Financial Corporation
Founded in 1969 as "Wall & Redekop Corp.", and listed since 1973 on the Toronto Stock Exchange (TSX: WFC), Wall Financial Corporation is a publicly traded real-estate investment and development company. Wall's early property deals, in the 1960s, were made in the suburbs of South Vancouver. In the late 1980s, when the company acquired its first major downtown site, Wall became the corporation's majority owner with a 56% stake. By January 2008, its annual revenue was $199.5 million, with a net income of $24.5 million. At that time, the company was listed as owning and managing "980 rental residential units and 865 hotel rooms". The company has been described as a barometer of Vancouver's real-estate market; but Wall and his firm have also been accused of driving up land values themselves.
Wall stepped down as Director and Chairman of the Board in 2005 and is now its Consultant and Advisor. Since 1994, the company's President has been Wall's nephew, Bruno Wall.
Read more about this topic: Peter Wall (property Developer)
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