Walton Group Distributes Us$ 1.5m in Interest to Loan Investors in Two Development Projects in the Washington D.C. Region

Walton Group Distributes Us$ 1.5m in Interest to Loan Investors in Two Development Projects in the Washington D.C. Region

In January 2020 scheduled interest payments were made to Asia based lenders of two development projects managed by Walton Development & Management (USA), Inc. in Prince George’s County, Maryland. The two projects, Westphalia Town Center – a large mixed use development and Canter Creek – a single family residential development, have delivered a…

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Walton Global Plans for the Future

Walton Global Plans for the Future

Walton has announced that it will be moving its North American headquarters to Phoenix, Arizona, U.S.A., over the course of this year. This is part of a strategic plan and the Walton pivot that focuses on opportunities in the United States. The transfer of the Corporate head office will ensure Walton’s attention to the growth and…

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Walton Westphalia Development Corporation Closes Sale of next Phase of Residential Development

Walton Westphalia Development Corporation Closes Sale of next Phase of Residential Development

CALGARY, Alberta–(BUSINESS WIRE)–Walton Westphalia Development Corporation (the “Corporation”) announces that 58.02 acres of land in Phase 1A of the Westphalia property project (“Phase 1A”) has been sold by the project owners in a bulk sale to Galaxy NC, LLC (“Galaxy”) for US$14,150,000, which land will be used for the next phase of residential…

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Walton Westphalia Development Corporation Renegotiates Debt Maturity Date

Walton Westphalia Development Corporation Renegotiates Debt Maturity Date

CALGARY, Alberta – Walton Westphalia Development Corporation (the “Corporation”) announces that it has successfully negotiated an extension to the terms of the non-revolving, US$27,000,000 senior loan agreement (the “New Senior Loan”), originally entered into on November 30, 2018, between the third party lender (the “Senior Lender”),and Walton…

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