Under new ownership since being acquired in September 2020 by AXA IM Alts – a long term investor acting on behalf of clients – the estate is now entering the early stages of a restoration programme designed to protect and enhance Dolphin Square and its gardens for the long-term. Works on site are scheduled to start in the Autumn of 2021 – subject to planning applications expected later this year – with work spread over seven years, with each building in turn being improved. Residents will be temporarily relocated elsewhere in the Dolphin Square estate during works to their building and apartment.
The Dolphin Square estate includes 1,234 Build to Rent units across 13 individual ‘houses’ set around a 3.5 acre landscaped garden. The estate offers extensive retail and leisure amenities – including a fitness club, swimming pool, spa, squash and tennis court and shopping arcade.
This week (5-9 April 2021) the Dolphin Square management team are sharing details on the scope and philosophy for the restoration programme with residents and neighbours. The goal is to make the estate greener and more sustainable, while improving the comfort and quality of life of residents. A key element of the programme will be to positively address the overall environmental performance of the estate and reduce its carbon footprint, both as part of the restoration programme as well as for its future day to day operation.
The restoration programme includes modernisation of 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 also be updated and refreshed, 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.
“Dolphin Square has always been an incredible place to live, work and visit – it really is the quintessential London address. This multi million-pound restoration protects the buildings and gardens, preserving what makes the estate so special, while creating high quality rental accommodation fit for contemporary living. This is an exciting project and one that will ultimately improve the quality of life and experience for all our residents and visitors. It’s also one that we expect to be a catalyst for investment in the community, as well as a driver of job creation in Westminster.”
Federico Faravelli, Director, Dolphin Square Operator Ltd (DSQ)
The Dolphin Square team will also be launching a website, newsletter, community suite and app as the project moves forward.
