Aldar to acquire four towers in deal worth $1.7bn ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News

Four prime Grade A commercial towers in the Abu Dhabi Global Market (ADGM), which is located on Al Maryah Island, will be acquired by Aldar Properties, following a deal it inked with Mubadala Investment Company. The deal is valued at $1.7bn and is said to represent one of the largest real estate transactions in the UAE. The towers will be held by Aldar Investment Properties (AIP) and brings Aldar’s total capital deployment into recurring income assets during 2022 to over $1.90bn. The transaction includes the four main office towers in ADGM – Al Sila, Al Sarab, Al Maqam, and Al Khatem. The towers comprise a total net leasable area of 180,000sqm. Aldar said it will also take ownership of the N

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Last updated : 29 July 2022 clock 10:32 AM

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Aldar to acquire four towers in deal worth $1.7bn ...United Arab Emirates

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