An era ended in June 2018 when Lowy sold his Westfield Corp. to a Franco-Dutch group in a $16 billion deal that was Australia's largest takeover. A Holocaust survivor, Lowy opened his first shopping center in Sydney in 1959, launching what became one of the world's largest mall businesses. Today the Lowys' main business is running their family investment house, Lowy Family Group, with offices in New York, Los Angeles and Sydney. Sir Frank is a principal of the group, along with his three sons, David, Peter and Steven.
