35 Little Bourke Street, Melbourne

35 Little Bourke Street, Melbourne

Role
Acquisition
Off-Market Deal Sourcing
Long-term Value Creation
Date
2016
Location
Little Bourke Street, Melbourne, Australia

Off-Market Deal

Garrisson acquired the prime building at 35 Little Bourke Street in Melbourne through an off-market deal in 2010. This property, previously owned and occupied by renowned architect Daryl Jackson, is a significant commercial asset in Melbourne’s bustling Bourke Hill precinct in the CBD. Garrisson's ability to source such a high-value property off-market demonstrates his exceptional skill in identifying and securing prime real estate opportunities that others might overlook. His vision for 35 Little Bourke Street involved a transformative plan to retain the heritage components and develop an international hotel with hospitality venues at street level. His approach included modernizing the building while respecting its historical significance, ensuring a blend of contemporary luxury with the charm of the original architecture, and adding a contemporary new structure.
35 Little Bourke Street, Melbourne
35 Little Bourke Street, Melbourne

Upshot

This visionary approach paved the way for a lucrative sale to the Far East Organization in Singapore. The transaction resulted in a substantial profit, underscoring Garrisson's expertise in maximizing the value of his investments. His ability to navigate complex negotiations and execute a successful exit strategy enabled him to realize significant returns on investment by transforming prime real estate into high-value assets​.
35 Little Bourke Street, Melbourne
Photography: Steve Young