Aldar builds on its geographic expansion strategy with the acquisition of UK property developer London Square

  • Date: 01-Dec-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Aldar builds on its geographic expansion strategy with the acquisition of UK property developer London Square



Aldar places the United Kingdom – and London Square – at the forefront of its international expansion strategy beyond the region, capitalising on the strong fundamentals of both the UK market and London Square.

London Square, a premier and leading residential and mixed-use developer operating primarily across Greater London, has a diversified portfolio and delivers homes of all tenures, including as a registered provider of affordable housing, a key operating segment for London Square.

The deal will provide strong opportunities for synergy creation, knowledge sharing, cross-border sales and investment flow, and elevating Aldar’s brand recognition internationally.

Abu Dhabi, UAE: Aldar Properties (Aldar), the leading real estate developer, investor, and manager in the UAE, has completed the 100% acquisition of London-based developer, London Square, signalling its first international acquisition beyond the MENA region.

The acquisition, representing an enterprise value of AED 1.07 billion (GBP 230 million), is aligned with Aldar's strategic vision of expanding into key and mature international markets. The move is aimed at accelerating growth, diversifying revenue streams, unlocking synergies, and driving cross-selling opportunities. By exporting its expertise to the UK market through the acquisition of an established and reputable operating platform, Aldar will gain a meaningful