LJ Hooker

Quality 0.50 · 2 views · Updated 2 months ago

Australian real estate company

title: "LJ Hooker" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-based-in-sydney", "franchises", "real-estate-companies-of-australia", "residential-real-estate", "australian-companies-established-in-1928"] description: "Australian real estate company" topic_path: "geography/australia" source: "https://en.wikipedia.org/wiki/LJ_Hooker" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Australian real estate company ::

::data[format=table title="Infobox company"]

FieldValue
nameLJ Hooker
logoLJ Hooker logo.png
former_name
typeProprietary
foundation
founderLeslie Joseph Hooker
hq_location_citySydney
hq_location_countryAustralia
num_locations730
num_locations_year2018
key_peopleJanusz Hooker (chairman)
area_servedAustralia, New Zealand, Indonesia, Papua New Guinea, Vanuatu, China and Hong Kong
industryReal estate
productsReal estate franchising real estate
services
ownerEach LJ Hooker office is independently owned and managed by its franchisees.
num_employees8,000
num_employees_year2018
::

| name = LJ Hooker | logo = LJ Hooker logo.png | former_name = | type = Proprietary | foundation = | founder = Leslie Joseph Hooker | hq_location_city = Sydney | hq_location_country = Australia | num_locations = 730 | num_locations_year = 2018 | key_people = Janusz Hooker (chairman) | area_served = Australia, New Zealand, Indonesia, Papua New Guinea, Vanuatu, China and Hong Kong | industry = Real estate | products = Real estate franchising real estate | services = | owner = Each LJ Hooker office is independently owned and managed by its franchisees. | revenue = | operating_income = | net_income = | num_employees = 8,000 | num_employees_year = 2018 | website =

LJ Hooker is one of Australia's largest real estate groups, with 600 franchise offices and 6,000 people engaged in residential and commercial property sales and property management. The company was founded in 1928 by Sir Leslie Joseph Hooker and after being sold to a private company for 20 years, the company returned to family hands in 2009.

History

The first LJ Hooker office was opened in Maroubra, New South Wales in 1928. Following the Depression, the company expanded and opened offices in Sydney, Kensington, Kingsford and Randwick. In 1936, LJ Hooker purchased the real estate business and offices of Woods & Co. in Kensington and Kingsford. In 1938, Rex Investments is registered and purchased real-estate agencies and hotels around Australia. The following year, LJ Hooker established its headquarters in Pitt Street, Sydney by buying H. L. Cross & Co., a city agency.

In 1946, LJ Hooker bought the real estate business of Harold Bray Pty Ltd in Bondi Beach. In 1947, the company was floated on the Sydney Stock Exchange. The following year, LJ Hooker purchased F. Egan & Son, a real estate agency in Bondi Junction. In 1949, the company expanded into hotel brokerage.

In 1950, the tenth office was opened in Crows Nest and in 1951 the Manly office was opened after the purchase of Thorn Coleman & Co. LJ Hooker's expansion continued, and by 1953 the agency was the largest real estate agency in Australia. In 1955 Hooker Rex was established for the development of new homes in Batemans Bay, Kogarah and the Gold Coast through Hooker Rex Pty Ltd. In 1958, the company's name was changed to L. J. Hooker Investment Corporation Ltd. In 1959, the Hooker Finance company was established.

In 1960, LJ Hooker became Australia's first national real estate agency network. The following year, Hooker Projects began developing nursing homes, motels and other projects. In 1963, Hooker House was opened in Sydney. Hooker Project offices were opened in Melbourne in 1966, Brisbane in 1967, Perth in 1968, and Townsville and Canberra in 1969.

In 1968, the company's name changed to Hooker Corporation Ltd. In 1969, Hooker Home Units was established, which specialised in building home units and town houses.

::figure[src="https://upload.wikimedia.org/wikipedia/commons/d/df/Hooker_House,_Melbourne._Taken_by_Rennie_Ellis_between_1980_and_2000..png" caption="Hooker House, Melbourne"] ::

Leslie Joseph Hooker died in 1976. In 1985, George Herscu bought the Hooker Group for $450 million. In 1989, LJ Hooker owed $1.77 billion, and was purchased by Suncorp Metway.

In 2009, Janusz Hooker, Leslie Hooker's grandson, formed a consortium with other buyers and bought the company back from Suncorp-Metway for $67 million. In 2015, Janusz Hooker and other shareholders bought out the minority shareholders to consolidate ownership of the company.

International expansion

In the mid-1980s, while led briefly by CEO George Herscu, LJ Hooker crossed into development and acquisition of retailers and large scale shopping complexes in the United States. During this period LJ Hooker also acquired Merrill Lynch Commercial Real Estate in an effort to infuse seasoned Commercial Real estate expertise into its retail development arm. Robert Rodriguez (Sr. VP) and Dennis Mulligan (VP) led the retail real estate group for Merrill Lynch Commercial Real estate. This move proved ill-conceived, with such ventures as the purchase and operation of several storied American department store chains as B. Altman & Co., Bonwit Teller, Sakowitz and Parisian stores, to be used as anchors for a number of large shopping malls in the United States.

Most of the department store chains were liquidated with large economic and employment losses. The one mall complex that was constructed during Herscu's tenure, the Forest Fair Mall in suburban Cincinnati, Ohio, went through numerous changes in ownership and operations. Today the ill-fated mall is still struggling, having gone through three name changes. This period, although brief in its history, was deeply tumultuous and troubling and led to LJ Hooker Limited being purchased by the Queensland based Suncorp-Metway, in January 1989.

LJ Hooker was liquidated in the late 1980s, but the name continued through the franchise arrangement that continues. and Papua New Guinea.

Acquisitions

In 1996, LJ Hooker purchased the Challenge Realty Group in New Zealand and in 1998 they rebranded it as LJ Hooker. In 2003, LJ Hooker purchased the real estate franchise group Olsen & Everson. In 2002, LJ Hooker opened its first offices in Indonesia, and in 2004, LJ Hooker opened offices in Mumbai, India, and Shanghai.

In October 2004, Grahame Cooke stepped down as CEO and was replaced by Warren McCarthy.

In October 2009, Suncorp confirmed it sold its LJ Hooker real estate chain business to Janusz Hooker, the grandson of founder Sir Leslie Hooker, for $67 million. In July 2015, he also bought out the investors to take full control of the group.

In November 2010, LJ Hooker acquired Harveys Real Estate Group in New Zealand.

Organisation

Hooker Corporation Limited is the holding company, and LJ Hooker Limited is the trading entity. Hooker Corporation Limited's ACN is 003 890 444 and the ACN of L.J. Hooker Limited is 003 890 4553. LJ Hooker is a franchise operation. The real estate side of the business is done by franchise owners. Grant Harrod was appointed chief executive officer and managing director in 2014. The company chairman is Janusz Hooker.

Subsidiaries

LJ Hooker has also established an independent incorporated legal practice trading as LJ Hooker Conveyancing NSW, which is a division of Guardian Conveyancers Pty Ltd (ACN 136 790 022). The business is independently owned and operated under licence from LJ Hooker Limited. LJ Hooker Conveyancing is located in Sydney. In Western Australia it uses LJ Hooker Settlements to do their conveyancing.

Logos

File:LJ Hooker Logo 1937.png|1937 File:LJ Hooker Logo 1948.png|1948 File:LJ Hooker Logo 1953.png|1953 File:LJ Hooker Logo 1959.png|1959 File:LJ Hooker Logo 1969.png|1969 File:LJ Hooker Logo 1993.png|1993 File:LJ_Hooker_Logo_in_2015.png|2015 (a similar logo was used in the 2000s)

References

References

  1. ABC Life Matters. [http://www.abc.net.au/radionational/programs/lifematters/lj-hooker-the-man-behind-the-brand/3007464 “LJ Hooker, the man behind the brand”], ABC, 24 March 2011. Retrieved 31 October 2017.
  2. "LJ Hooker".
  3. Spearritt, Peter. (1996). "Hooker, Sir Leslie Joseph (1903–1976)".
  4. Korporaal, Glenda (2011). [http://www.theaustralian.com.au/archive/business-old/piecing-together-the-puzzle-of-lj-hookers-heritage/news-story/9ba0353b207e89bd22f8f3d200122250 “Piecing together the puzzle of LJ Hooker's heritage”], [[The Australian]], 3 February 2011. Retrieved 31 October 2017.
  5. AAP. [http://www.smh.com.au/business/suncorp-sells-hooker-corp-to-founders-grandson-20091015-gyjz.html “Suncorp sells Hooker Corp to founder's grandson”], The Sydney Morning Herald, 15 October 2009. Retrieved 9 August 2017.
  6. (2001). "Superbrands: An Insight Into Many of Australia's Most Trusted Brands". Superbrands.
  7. [http://trove.nla.gov.au/newspaper/article/17543256?searchTerm=L%20J%20Hooker%20Pty%20Ltd%2098%20Pitt%20Street&searchLimits=exactPhrase%7C%7C%7CanyWords%7C%7C%7CnotWords%7C%7C%7CrequestHandler%7C%7C%7CdateFrom=1939-02-15%7C%7C%7CdateTo=1939-02-15%7C%7C%7Cl-advtitle=35%7C%7C%7Csortby “L J Hooker”], The Sydney Morning Herald, 15 February 1939. Retrieved 9 August 2017.
  8. [http://trove.nla.gov.au/newspaper/article/18192708?searchTerm=L%20J%20Hooker%20Limited&searchLimits=exactPhrase%7C%7C%7CanyWords%7C%7C%7CnotWords%7C%7C%7CrequestHandler%7C%7C%7CdateFrom=1950-12-23%7C%7C%7CdateTo=1950-12-23%7C%7C%7Cl-advtitle=35%7C%7C%7Csortby “L. J. Hooker Limited”], The Sydney Morning Herald, 23 December 1950. Retrieved 9 August 2017.
  9. [http://trove.nla.gov.au/newspaper/article/18234478?searchTerm=LJ%20Hooker%20Manly&searchLimits=exactPhrase%7C%7C%7CanyWords%7C%7C%7CnotWords%7C%7C%7CrequestHandler%7C%7C%7CdateFrom=1949-01-01%7C%7C%7CdateTo=1952-01-01%7C%7C%7Csortbyn “L J Hooker Limited”], The Sydney Morning Herald, 10 October 1951. Retrieved 9 August 2017.
  10. Hooker, N. LJ Hooker The Man, 2011.
  11. [http://trove.nla.gov.au/newspaper/article/18446492?searchTerm=hooker%20real%20estate%20AND%20(biggest%20OR%20largest%20OR%20best%20OR%20top%20OR%20highest%20OR%20agency%20OR%20sales)&searchLimits=exactPhrase%7C%7C%7CanyWords=biggest+largest+best+top+highest+agency+sales+%7C%7C%7CnotWords%7C%7C%7CrequestHandler%7C%7C%7CdateFrom=1953-01-01%7C%7C%7CdateTo=1954-12-31%7C%7C%7Cl-advcategory=Article%7C%7C%7Csortby “Records Reported In Sales This Year”], The Sydney Morning Herald, 18 December 1954. Retrieved 9 August 2017.
  12. [http://smharchives.smedia.com.au/Olive/APA/freesearch/Default.aspx#panel=search “L. J. Hooker Forms New Division”], The Sydney Morning Herald, 14 October 1961. Retrieved 9 August 2017.
  13. (1 October 1961). "NEW HOOKER DIVISION". Canberra Times (ACT : 1926 – 1995).
  14. [http://smharchives.smedia.com.au/Olive/APA/freesearch/Default.aspx#panel=search “Head Office Opened By Premier”], "[[The Sydney Morning Herald]]", 31 August 1963. Retrieved 9 August 2017.
  15. "Head Office Opened By Premier".
  16. Allen, Lisa [http://www.theaustralian.com.au/business/property/disgraced-tycoon-george-herscu-dies-at-85/news-story/1945675fa07da0dd11f0f469162f3a10 “Disgraced tycoon George Herscu dies at 85”], "[[The Australian]]", 21 December 2013. Retrieved 9 August 2017.
  17. "Hooker buys back family business".
  18. "Hooker Seeks Provisional Liquidator".
  19. "Cincinnati Mills opens doors".
  20. Gibson, Anne. (1 May 2003). "LJ Hooker purchase expands NZ operation". The New Zealand Herald.
  21. "Historical Timeline of LJ Hooker - about.ljhooker.com.au".
  22. (3 September 2004). "CEO for LJ Hooker". The New Zealand Herald.
  23. "A letter from our CEO - about.ljhooker.com.au".
  24. "Janusz Hooker buys back LJ Hooker from Suncorp for $67m".
  25. (10 July 2015). "Grandson Janusz takes full control of LJ Hooker". afr.com.
  26. "The Training Offer of LJ Hooker - about.ljhooker.com.au".
  27. (19 May 2014). "Grant Harrod appointed LJ Hooker CEO".
  28. Ellem, Ryan. (7 July 2017). "LJ Hooker shines at top industry awards". LJ Hooker.
  29. "Bella vista Real Estate - LJ Hooker Conveyancing NSW NSW - LJ Hooker Real Estate".
  30. "Home {{!}} LJ Hooker Settlements".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

companies-based-in-sydneyfranchisesreal-estate-companies-of-australiaresidential-real-estateaustralian-companies-established-in-1928