Liberty Towers, Docklands
Role
Structuring
Underwriting
Date
2001
Location
Collins Street, Docklands, Australia
Architectural Innovation
The Liberty Towers, designed by the well-known architectural firm Elenberg Fraser, is a 26-story building in the west end of Collins Street, Melbourne. It has 237 apartments, including three levels of sub-penthouses and a penthouse level. The building has a gym, spa, and swimming pool on the podium level for the residents to enjoy. Additionally, the ground level has retail spaces, cafes, and restaurants, creating a bustling community hub. The architectural design of Liberty Towers integrates modern living with convenience and luxury, making it a standout development in Melbourne's Docklands.
Underwriting and Investment Strategy
Garrisson managed the financial structuring of Liberty Towers in 2001. He organized the underwriting of $60 million in the funding of the apartments with investors using “Renounceable Contracts of Sale”. This financial approach helped secure the necessary funding for the project and provided a flexible investment opportunity for stakeholders. Garrisson's strategic financial planning ensured the successful completion of the development, highlighting his capability to manage large-scale real estate projects and deliver substantial returns for investors. He also coordinated the marketing campaign including overseas sales.
Creating A Landmark
The completion of Liberty Towers marked a significant milestone in the redevelopment of the west end of Collins Street, Melbourne. By incorporating high-end residential apartments with premium amenities and ground-level retail spaces, the project contributed to the revival of the area. Garrisson's involvement in structuring and underwriting the project demonstrated his vision and expertise in creating value through strategic real estate development. Liberty Towers is a testament to his ability to transform urban landscapes and enhance the livability of Melbourne's West end of Collins Street, reinforcing his reputation as a leading figure in the real estate industry.
Architect: Elenberg Fraser