The plan includes improving retail and dining for Dorset’s largest covered shopping destination.LGIM Real Assets has signed an arrangement with the Borough of Poole that unlocks a £26 million program of investment at The Dolphin Centre. Due to start in the summer, the refurbishment works are expected to reach completion by the end of 2018. Through the program, significant improvements will be made to the enclosed malls and entrances of the center, as well as to the public realm and facades of Falkland Square and Kingland Crescent, both of what are open air.
As part of the investment case, LGIM Real Assets is also operating on exciting plans to increase the appeal of The Dolphin Centre to shoppers and tourists.
Alongside LGIM Real Assets’s investment, the Council will be investing £1.5 million in upgrading the multi-storey car park, in addition to completing the program of remedial works that is already underway. The Council’s investment will coincide with the completion of The Dolphin Centre changes.
Certain leading retailers have signed up for the Centre with further releases in due course. This comes in increasing to new or increased commitments by fashion chain New Look (upsizing store to a 14,500 sq ft to open in the autumn) and by German brand Deichmann (opening a new 5,900 sq ft store, also opening this year). Both have taken ten-year leases.
The Dolphin Centre is home to over 100 retail, dining and leisure labels from independent boutiques to international brands. Anchored by Marks & Spencer, Primark, and Beales, the Centre features retailers such as River Island, Boots, Next, Clarks and Pandora. The dining and leisure suggestion has also been increased with the arrival of new cafes, bars and restaurants, such as Delfino Lounge, Starbucks, Mexican burrito brand Mexigo and ice cream parlour Sprinkles all of which have recently opened.