In the 1980s WA property investment legend Dick Lester, in partnership with Greg Paramor, built what was to become Australia’s largest unlisted property trust business, Growth Equities Mutual, amassing more than $1.6 billion in funds under management and 110,000 investors nationwide before the market turned in the early 1990s. Mr Lester exited gracefully for a figure rumoured in the press at the time to be around $40 million, selling Lend Lease in 1994. He now chairs his family property investment business Lester Group.
Bio last updated 30 Nov 2019
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Dick Lester is linked to 2 organisations which are included in 3 lists - Family Business Dynasties, Property - (Built-form) Developers and Property - Land Developers.
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