AXA IM – Real Assets completes acquisition of U.K.’s largest private residential scheme
AXA Investment Managers – Real Assets has entered the U.K. private rented residential market with the acquisition, on behalf of clients, of the iconic Dolphin Square in Pimlico, Central London, from Westbrook Partners.
The neo-Georgian designed freehold asset is the largest single private-residential complex in the United Kingdom, comprising 1,233 units on a 7.5-acre site. 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, and adds to its €20 billion ($24 billion) portfolio comprising various residential asset classes across 15 countries.
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 square feet of residential accommodation, commercial and amenity space spread ac