Dolphin Quays in Poole has a new owner.
Evolve Estates, part of privately funded property collective M Core, has acquired the mixed-use development which includes retail, leisure, offices, residential and a car park on a 2.62-acre site of harbourfront land.
No purchase price has been disclosed but Dolphin Quays was put on the market last autumn for offers in excess of £7 million.
Danny O’Keefe, Evolve’s Co-Founder, 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.”
Peter Cooper-Parry of Savills acted for the vendor and Bradley Maher of Cited acted for Evolve.