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

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

Hence then, the article about aldar to acquire four towers in deal worth 1 7bn was published today ( Friday 29/07/2022 - 10:32 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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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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