UAE's Aldar Properties buys London developer in Dh1.07-billion deal

This is Aldar's first acquisition outside Middle East and North Africa

By Reuters

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Published: Fri 1 Dec 2023, 8:22 AM

Last updated: Fri 1 Dec 2023, 8:23 AM

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.

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