The Besen Family Foundation was established in 1978 to build on the philanthropic endeavours of Eva and Marc Besen. "Highpoint has delivered an exceptional return of 15.1 per cent over the past 12 months. He specialises in EC and German competition law, particularly mergers and acquisitions, joint ventures, cartels, abuse proceedings, compliance programmes, distribution and licensing arrangements across a wide range of industry sectors. Chairman of Hong Kong Stock Exchange-listed Shimao Property Hui Wing Mau is known for residential, commercial and hotel projects throughout China. This is also known as Online Behavioural Advertising. The company has gone on to become one of the biggest hotel and serviced apartment operators in the country. The foundation, which recently celebrated its 40th anniversary, lists Jewish interests as one of its three areas of focus. "In our view, the Highpoint acquisition increases the fund's exposure to a single asset that could weaken its ability to weather potential future headwinds in the center's trade catchment area," the agency said.Rival property group Dexus released a report this week suggesting weak wages growth will continue to impact on retail sales.Shopping centres are facing strong competition from international and online retailers which now account for 7.3 per cent of total sales in Australia.Centre owners have responded to the threat by increasing their food, leisure and entertainment spaces.Sumo Salad founder Luke Baylis recently put two companies controlling leasing agreements in Westfield Shopping Centres in administration because of concerns about leasing rates.Sumo Salad said the change in strategy at big malls had resulted in an over saturation of food options putting pressure on franchisees' margins.Amazon's imminent arrival and its potential to eat into market share has also resulted in retail landlords being sold down on the stock exchange this year.Simon Johanson is a business journalist at The Age and The Sydney Morning Herald.Besen family sells $680m stake in Melbourne's Highpoint Shopping CentreMarc and Eva Besen founded clothing retailer Sussan Group.GPT and its wholesale shopping centre fund now fully own Highpoint.Highpoint has about 470 stores, including Myer, David Jones and international retailers Apple, Zara and Samsung. Arriving in Australia in 1947 and well known for his business achievements, Besen is also founding chair of the Besen Family Foundation. Daniel Besen and his wife Danielle are also extensively involved in property through his private equity company Besen Pty Ltd, while Eva and Marc have a stake in Gandel’s Highpoint Shopping Centre.There are many more hidden billionaires across Australia, some choosing active roles in their family businesses, some preferring to stay behind the scenes, and others taking the opportunity to use their personal wealth to start businesses of their own. The Besen patriarch, Marc Besen arrived in Australia in 1947 having escaped persecution, as has been previously reported.

Daniel Besen and his wife Danielle are also extensively involved in property through his private equity company Besen Pty Ltd, while Eva and Marc have a stake in Gandel’s Highpoint Shopping Centre. He specialises in EC and German competition law, particularly mergers and acquisitions, joint ventures, cartels, abuse proceedings, compliance programmes, distribution and licensing arrangements across a wide range of industry sectors. In 2011, Brandon was elected to the ... has recently taken up the position of Eva and Marc Besen Chair of Design Research at Monash University.