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Founded in 1985 by the late John Saunders AO, co-founder of Westfield, Terrace Tower Group is a family run real estate and investment company.

With a foundation in commercial real estate, the Group invests across a number of asset classes, through its offices in Sydney, New York and Portland.


Is Impossible


The Saunders family wealth is sourced from the legacy of the late family patriarch John Saunders AO, co-founder of Westfield.

Born in Hungary and a WWII concentration camp survivor, John arrived in Sydney in 1950 to create a better life for himself. In his luggage was an English dictionary in which he scratched out the word “impossible”, the mindset he lived by.

After operating a delicatessen in Sydney’s Western suburbs, John and business partner Frank Lowy moved into residential and then retail property development, opening Westfield Place in Blacktown, Sydney in 1959. The following year, Westfield Development Corp listed on the Australian Stock Exchange. Over the next several decades, John and Frank built Westfield to be a global leader in shopping centre ownership and management.

Following 30 years of successful partnership, John stepped down from Westfield to focus on building Terrace Tower Group.

Real Estate Australia

Terrace Tower Group has a reputation for developing and managing high quality retail shopping centres and commercial real estate in Australia.

The group’s expertise covers acquisition, development, financing, leasing and management.

Key Australian real estate assets include:

– Westfield Eastgardens, Pagewood NSW
– Supa Centa Moore Park, Moore Park NSW
– 80 William Street, East Sydney NSW

Terrace Tower Group is currently evaluating major redevelopment opportunities.

Real Estate USA

Terrace Tower USA manages and owns a portfolio of high quality commercial real estate in the USA, with a focus on the West Coast.

Key USA real estate assets include:

– Bank of America Financial Center, Portland OR
– 1900 Main, Irvine CA

Terrace Tower continues to opportunistically allocate to commercial real estate in the USA.


Responsible for the Group’s non-real estate investment operations, Terrace Tower Investment Management USA has built a global portfolio of direct and externally managed investments spanning:

– Public Equity
– Private Equity
– Venture Capital
– Hedge Funds
– Specialty and Private Credit
– Investment Grade Fixed Income

The Group’s permanent capital structure and flexible mandate allows it to underwrite opportunities in emerging investment areas and first-time managers. It’s multi-generational focus allows for patient investing with a long term focus.

He who has health has hope, and he who has hope has everything.



Through the wealth created from his business interests, John Saunders AO became one of Australia’s most devoted philanthropists.

Philanthropy is fundamental to continuing his legacy, a means of supporting our community and a reminder of our own good fortune.

The Saunders Family charitable program, set up by John’s daughters, Monica Saunders-Weinberg and Betty Klimenko, continues his passion for supporting worthy causes and helping people in need.

The program extends from donations to major not-for-profit organisations and charities, to individual acts of support for people or families.

We are proud to help make a difference to people’s lives through our support and sponsorships.

He who has health has hope, and he who has hope has everything.