Elenberg Fraser, an architecture firm behind the design of projects like the Premier Tower, faced financial struggles following a ruling that they were partly responsible for damages from the Lacrosse tower fire in 2014. In a report to creditors, liquidator Di Carlo mentioned conducting investigations to verify allegations against the firm. There were discrepancies in the financial statements as sales were recorded for 2022 and 2023 despite claims of not generating new income or actively trading. The liquidator reconstructed Fraser’s books, indicating potential insolvency while trading.
Di Carlo is seeking repayment of a loan to Fraser or documentation related to the loan agreement and tax returns as part of ongoing inquiries into the company’s affairs. Fraser subsequently started a new architecture firm, Fraser & Partners, in April 2023, focusing on residential and commercial development projects. The new venture initially operated from the same office as Elenberg Fraser before relocating to Chapel Street, South Yarra. Many of the architects from Elenberg Fraser are now working at the new business.
Fraser declined to comment on the liquidation due to legal advice but mentioned being proud of the projects Elenberg Fraser had been a part of. The focus remains on building in a challenging environment and honoring responsibilities. The liquidator, Di Carlo, is still waiting to receive additional information to continue investigations into the company’s activities. Despite the financial difficulties faced by Elenberg Fraser, Fraser & Partners continues to pursue architectural projects, indicating a determination to move forward in the industry.
In conclusion, the aftermath of the Lacrosse tower fire and subsequent financial challenges have led to the liquidation of Elenberg Fraser, with ongoing investigations into trading while potentially insolvent. The launch of Fraser & Partners signals a new chapter for Fraser in the architecture industry, with a focus on residential and commercial development projects. The transition from Elenberg Fraser to the new firm has seen many architects continue their work under the new brand, showcasing a commitment to delivering quality design despite past difficulties. The future of Fraser & Partners and its impact on the architectural landscape remains to be seen as investigations into Elenberg Fraser’s financial affairs unfold.
