On Friday, Frank Lowy, received a knighthood from Queen Elizabeth at Windsor Castle. Today, a company from across the Channel ended his 60-year career as an international mall developer with a multi-billion-dollar sendoff.
France’s Unibail-Rodamco will pay $24.7 billion to take over Lowy’s
Australia-based Westfield, creating a global property leader with a
gross market value of $72 billion and a presence in 27 of the world’s
“most attractive” cities and retail markets, according to a Westfield
press release.. . . more