Bedell Cristin advises AXA IM - Real Assets with the acquisition of Dolphin Square
09 November 2020
Bedell Cristin, working alongside DLA Piper, has advised AXA IM – Real Assets, a global leader in real asset investments, on its acquisition of Dolphin Square in Pimlico, Central London, from Westbrook Partners.
The acquisition forms part of AXA IM - Real Assets’ wider strategy of seeking high quality residential assets supported by strong demographic drivers, which it can invest into for the long term, adding to its multinational portfolio comprising various residential asset classes.
Dolphin Square is a London landmark with a rich history dating back to 1937, including having been the headquarters of General De Gaulle's Free French during World War II. The estate provides 795,990 sq ft of residential accommodation, commercial and amenity space spread across 13 individual houses centred around a 3.5 acre landscaped garden square.
The riverside estate comprises extensive retail and leisure facilities including a fitness club, swimming pool, spa, squash and tennis courts, and a convenience retail arcade, and is located in one of the most prestigious areas in prime Central London, benefitting from excellent connectivity with Pimlico Underground station just a four minute walk away, connecting to London’s West End in under ten minutes and just one stop from London Victoria mainline station.
Bedell Cristin's team was led by partner Bruce Scott, and associates Laura Hendrick and Nkechi Hokstad.