Harry Triguboff ends sale speculation with family succession update

Harry Triguboff sat down last weekend with his family with the much touted sale of the Meriton empire now off the agenda.

The Australian's Turi Condon reported the conversation ended his flirtation with selling to the Chinese in a deal potentially worth $12 billion.

It will instead now see his grandchildren eventually taking over the apartment building empire.

“I told them to do what they like,” the 82-year-old advised.

“I built it for me. If a dynasty comes of it, so much the better.”

Triguboff says daughter Sharon’s sons Daniel, 24, and Ariel Hendler, 22, are interested in the development side, while his other daughter Orna and her daughter Ella Lizor prefer the investment arm.

Triguboff told The Australian: “They said they want to continue the business.”