Dick Lester

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Dick Lester
Dick Lester
Founder, Executive Director / Lester Group
Power 500

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 to Lend Lease in 1994.
He now chairs his family property investment business Lester Group.

Lists and Charts

Roles

1995
Founder, Executive Director
Lester Group
Year started and most recent title

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    Dick Lester is linked to 2 organisations which are included in 5 lists - Family offices, Property - Land Developers, Property - (Built-form) Developers, Fund Managers and Family Business Dynasties.

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