Asset News: Restoration plans for Dolphin Square revealed

Following last year’s acquisition of Dolphin Square, the 795,990 sq ft iconic residential scheme in Pimlico, London, by AXA IM Alts, on behalf of clients, the management team has shared an update on plans for the restoration of the asset with residents and neighbours.

Built on guiding principles of protecting and enhancing the asset and its landscaped gardens for the long-term, the restoration will focus making the estate more sustainable and lowering its carbon footprint, while improving the comfort and quality of life of residents.

Plans include modernising the inner workings of the buildings with significant investment in the estate’s infrastructure, harnessing innovation and technology, combined with good estate management. Interiors and apartments will be refreshed and updated, with a design approach inspired by Dolphin Square’s heritage and a focus on quality and craftmanship. The on-site amenity offering for residents will also be considerably enhanced.

Works are scheduled to start in the Autumn of 2021, subject to planning applications, expected later this year, and will improve each building in turn over the next seven years.

This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.