Evolve Estates has purchased the Dolphin Quays mixed-use development in Poole for an undisclosed price.
The 2.62-acre harbour-side site comprises 71,594 sq ft of retail, leisure and office space across ground and first floors with residential units above.
Savills was appointed to market the site in October 2023 with a price tag of £7m+.
Danny O’Keefe, co-founder of Evolve Estates, said: “We seized the opportunity to acquire Dolphin Quays, which overlooks Poole Harbour. Our in-house asset management team will build on the current retail and leisure offer, devising a strategy that will appeal to residents and tourists alike. The team can see the strong potential of the asset and our commercial approach will be attractive to businesses wishing to showcase the stunning location and visitors to the area.
“The area has seen significant residential development over the last few years, with further investment planned. This strategic acquisition forms part of our growth strategy to develop our portfolio in the mixed-use sector. We look forward to fully embedding ourselves in the local community, working closely with town centre partners to ensure Dolphin Quays becomes an essential and thriving destination.”
Savills acted for the vendor and Cited represented Evolve.
