UAE's Aldar Properties Buys London Developer In Dh1.07-Billion Deal


(MENAFN- Khaleej Times) Aldar Properties, a top real estate developer in Abu Dhabi, said on Friday that it has completed the acquisition of London-based developer London Square in a deal worth Dh1.07 billion ($291.4 million).

"The transaction marks Aldar's first acquisition outside the Mena region, reflecting its strategic move to bolster scale, broaden market reach, and diversify revenue streams," Aldar Properties said in a statement.

More to follow

ALSO READ:

  • Dubai: Haven by Aldar sold out
  • Meet the real estate mavericks of UAE
  • UAE property: Aldar, IHC, and Adnec Group create region's largest property and facilities management company
  • Dubai: Here's why property prices will continue to rise in 2024

MENAFN01122023000049011007ID1107520858


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.