Mega yacht in Palma’s STP for long refit

Ilona being prepared for her refit in Palma’s STP shipyard and at sea.

Humphrey Carter26/02/2014 00:00

As testament to the high level of professionalism offered by Palma’s yachting industry one of the world’s most expensive and luxurious yachts is having her Winter refit in Majorca.

Palma.—Ilona is owned by Frank Lowy, an Australian businessman. In 1953 he founded the Westfield Group, one of the biggest retail property groups, together with John Saunders. Westfield is operator of 124 shopping centres in Australia, New Zealand, the United States and Great Britain. Westfield Group was listed on the Australian Stock Exchange in 1960. Frank Lowy has appeared on Australia’s top 200 rich list since 1983.
In 2010 he was Australia’s richest person.