Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin

Aldar adds landscaping services to its growing property and facilities management platform through acquistion of Basatin

Strong growth potential in Abu Dhabi and beyond as Aldar Estates’ comprehensive service offering and reach expands.

Abu Dhabi – UAE: Aldar Properties (“Aldar”) has acquired Basatin Landscaping (Basatin) as part of its drive to further scale up and broaden its integrated property and facilities management platform, Aldar Estates. Through this transaction, which is valued at AED 150 million, Aldar will hold a majority stake of 75% in Basatin with the remaining 25% held by a strategic partner.

Basatin is a provider of a wide range of landscaping services, including design, installation, paving, gardening, and green waste disposal. The company has over 1,000 employees and has provided landscaping services for key clients in the UAE, including the Department of Municipalities and Transport and Expo 2020.

The transaction complements the services already provided through the Aldar Estates platform, which is a key operating segment under the Aldar Investment business. The platform has been expanding rapidly, supported by solid organic growth and a number of acquisitions over the last year. This transaction adds significant weight to the capabilities of Aldar Estates, enabling it to provide a more holistic range of services to Aldar’s growing customer base.

Aldar Estates brings together a range of service providers including