Vale Ezriel Rabinowicz (Rabinov)

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.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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