Case study: Ensuring the low-carbon future of Dolphin Square

Real action

                                    Built between 1935 and 1937, Dolphin Square is the largest privately rented residential complex in the UK, with 1,234 units. Located beside the River Thames in Pimlico, in the heart of London, it comprises almost 74,000 square metres. The complex includes a 1.4-hectare public garden, retail space, tennis courts, a gym and a fitness centre.
                

Fit for the future

We’ve launched a comprehensive refurbishment at Dolphin Square to cut its energy usage, improve its facilities and ensure engagement of the local community.

Residential resilience

The property’s age means refurbishment is a strategic necessity. We’re giving Dolphin Square the resilience it needs to enhance its value while mitigating risks related to climate change.

ESG ambitions

Environmental, social and governance performance targets are built into our ownership strategy, alongside the active management of sustainability risks to deliver a property fit for London’s low-carbon future.

Ambitious carbon targets

95 %

projected reduction in carbon emissions

80 %

reduction in on-site energy demand

100 %

reduction in fossil fuel usage

A blueprint for greener living

By installing efficient energy management systems in every apartment and updating insulation, we’re targeting an 80% reduction in energy demand¹. By switching from natural gas to biofuel and renewables, we’ll be able to achieve a 95% reduction in carbon emissions.

Pictures are for illustrative purposes only. Any hypothetical illustrations contained in this material are forward looking statements and are based upon assumptions. Hypothetical illustrations are only an estimate and AXA IM assume no duty to update any forward-looking statement.

                                                                We’re exploring a number of innovative ways to improve the sustainability performance and value of Dolphin Square. These include adapting existing water bore holes to harness energy, using grey water to nourish the garden, and installing solar power systems to enable sustainable power generation and self-supply.
                              

                                                                Instilling a strong, internal community spirit is key to our vision. To achieve this, we’re launching a programme of social events for the local community, improving the sports facilities and children’s areas, and installing fibre broadband in every apartment. In addition, we’re investing in areas that will improve the wellbeing of staff and residents.
                              

See our progress

Watch a video about the Dolphin Square project.

A cultural institution

85 years of history

Dolphin Square has a rich history that includes its use as a base for the Free French Government in the 1940s. It’s crucial we maintain the grandeur of the location while transforming it for the environmental and technological demands of the next 100 years.

Generating value

The improvements at Dolphin Square will not only ease its impact on the environment, they are designed to create and enhance the value of this prized asset for decades to come.

Strategies

Our 360° strategy delivers a thorough understanding of relative value while optimising the management of cycles.

Explore our Residential strategy

Disclaimer

Any hypothetical illustrations contained in this material are forward looking statements and are based upon assumptions. Hypothetical illustrations are only an estimate and AXA IM assumes no duty to update any forward-looking statement.

These scenarios are presented as of this document’s date. They do not constitute a representation or guarantee as to future scenarios nor performances. AXA Investment Managers Real Assets disclaims any and all liability relating to these scenarios’ description and can modify these scenarios according to market evolutions and taking into account the regulations in force.