Australia’s shopping centre king, Frank Lowy, hangs up in his crown

For more than 50 years, Lowy was the innovator in retail property.

Around 2009, the legendary investment adage went something along the lines of: if you invested $1000 dollars when Sir Frank floated Westfield in 1960, you would be worth about $148 million.

For more than 50 years, Lowy was the innovator in retail property.
For more than 50 years, Lowy was the innovator in retail property. Photo: Louie Douvis

But if you invested in Westfield 18 months ago, you would have lost money even if you accepted the $10-a-share offer now on the table.

Australia’s shopping centre king, Frank Lowy, hangs up in his crown