Paul Fayman
Paul Fayman | |
|---|---|
| Pinchas Ben Shmuel Zev (פנחס בן שמואל זב) | |
| Born | 1911 |
| Died | 7 April 1985 |
| Burial place | Springvale Cemetery |
| Occupation(s) | CEO of Austram Corporation CEO of Hanover Holdings Director of Siegel & Fayman Director of Wright & Bros. |
| Known for | Finance Retail Property development Wholesaling |
| Spouse | Faye Fayman |
| Parents |
|
Pinchas "Piniek" Ben Shmuel Zev (Hebrew: פנחס בן שמואל זב) (1 January 1911 – 7 April 1985), known professionally as Paul Fayman, was a successful international property developer and businessman based in Melbourne, Australia. He had significant interests in shopping centres, office buildings, hotels, residential estates and industrial sites – serving as the chief executive officer and deputy chairman of Hanover Holdings and the Austram Corporation. He was also a prominent member of his local Jewish community.
Personal life
[edit]Fayman was born in the industrial city of Sosonowiec, Poland. According to Yitzchok Dovid Groner, Fayman had a "very Jewish upbringing".[1] Fayman was 28 years old at the time Nazi Germany invaded Poland in 1939. In 1952, not long after Fayman's wife gave birth to his son, the family immigrated to Australia by ship. They spoke very little English upon settling in the northern suburbs of Melbourne, but quickly adapted to the culture, climate and economy of the country.[2] Fayman amassed considerable wealth through his successful business undertakings and hard-working ethic.
By 1959, Fayman was residing at the De Mont Rose apartment building in Elwood. Around 1961, his family settled into a custom-designed double-storey modernist mansion in St Kilda East; an area which had and still has a large Jewish community. In March 1970, around $15,000 worth of cash and jewellery was stolen from his residence by infamous serial burglar "The Cat" (real name John Harvey Rider) just days before the family was set to go on a holiday to Bali.[3][4]
Career
[edit]After coming to Australia, he established a wholesale butchery in partnership with fellow Jewish immigrant Max Siegel[Note 1] at Oakover Road, Preston.[5] Fayman later became a director of Wright & Bros.; a prominent produce merchant which had branches in the Melbourne CBD and in suburbs like Collingwood, Malvern and Prahran.[Note 2][6] By late 1958, Fayman had acquired a majority of the company's issued shares, which had previously been held by the late managing director Crawford Leslie Johnston Wilson.[7] Upon gaining control of Wright & Bros., he strategically expanded it's scope of operations. Multiple subsidiaries were set up as part of the diversification program, which managed investments into property, retail and produce wholesaling.[Note 3]
Fayman's early developments often employed a mixed-use strategy, incorporating residential, commercial and industrial lots. A prime example of this was the 200-lot Forest Hill Heights housing estate and adjacent Forest Hill Shopping Centre, which his company Forest Hill Heights P/L developed between 1959-1964.[Note 4][8][9] Similar developments include the Borrack Square Shopping Centre, Central Hotel and adjoining 110-lot housing estate at Altona North (developed 1959–61)[10][11] and a 90-lot housing estate with a strip of shops, industrial sites and the Monash Hotel at Clayton (developed 1960–63).[12]
References
[edit]- ^ "Fayman scholarships". The Australian Jewish News. 29 May 1987. p. 6.
- ^ "Butchers fined £80". The Herald. 12 May 1954. p. 3.
- ^ "Cat burglar". Papua New Guinea Post-Courier. 31 March 1970. p. 6.
- ^ Silvester, John (5 July 2019). "The Cat, the cops and the confessions". The Age.
- ^ "Two Butchers Fined £80 for Excess Prices". The Age. 12 May 1954. p. 5.
- ^ "£128 in Fines Against Collingwood Food Shops". The Age. 20 July 1956. p. 7.
- ^ "£255,032 Left by Director". The Age. 1 October 1958. p. 12.
- ^ "Shopping centre". Herald. 19 July 1957. p. 13.
- ^ "Model of New Shopping Centre Excites Interest". The Age. 27 May 1959. p. 15.
- ^ "Altona schemes to be discussed". The Age. 30 May 1958. p. 3.
- ^ "Altona to get its first hotel". The Age. 21 May 1959. p. 10.
- ^ "Licensing acts: Notice of application for a victualers license for premises to be erected at Clayton". The Age. 23 January 1960. p. 63.
Notes
[edit]- ^ Born as Moshe Ben Kalonymus in 1907 (Hebrew:משה בן כלונימוס) Source: JewishGen Online Worldwide Burial Registry (JOWBR)
- ^ Although Wright & Bros mainly focused on it's chain of deli/butcher stores, the company also operated two electronics stores at Maroondah Highway in Ringwood and one at Main Street in Lilydale. Source: "Phone Now to See The Latest in TV at your home TONIGHT!" The Age 16 October 1959 (page 13)
- ^ Wright & Bros. had several subsidiaries including, but not limited to: Wright Bros. (Agencies) P/L (also known as Wright Bros. Builders), Wright Bros. (Narrabri) P/L, Wright Bros. (Provisions) P/L, Wright Bros. (Retail) P/L, Wright Bros. (Wholesale) P/L, Wright Bros. Development P/L and Wright Bros. Television P/L. Source: Australian Securities & Investments Commission Website
- ^ Forest Hill Heights had also proposed to build a hotel and infant welfare centre as part of the original development plan, but it wasn't until 1968 that a fully-licensed restaurant opened at the site. This was due to significant delays caused by public outcry and subsequent interference from the local council. The infant welfare centre controversially never eventuated.