Prominent Melbourne property investor Ezriel Rabinowicz, who also used the surname Rabinov, died unexpectedly on Monday, aged 87.
The executive sold a successful hosiery business to establish a real estate portfolio later filled largely with retail assets tenanted to Coles and Woolworths – clients he once supplied stockings too.
Many of the holdings were in regional Victoria.
In 1994, Mr Rabinowicz and a business partner Ronald Serry sold 19 supermarkets to Macquarie Bank Ltd which used them to seed its Macquarie Countrywide Property Trust, which now worth some $5.6 billion.
The partnership, which went by the name Rabinov Group, continued until 2001 when it sold a portfolio of industrial, office and retail assets to GE Capital.
Described by agents who knew him as a generous, wise, hard working and counter-cyclical investor, Mr Rabinowicz passed away at his Melbourne home.
He is survived by a wife, daughter and two granddaughters.