UAE’s Aldar Properties buys UK developer London Square – its first deal outside of Middle East

UAE’s Aldar Properties buys UK developer London Square – its first deal outside of Middle East

Dubai: The UAE developer Aldar has made its second big overseas acquisition, by buying the whole of UK developer London Square. The deal has an enterprise value of Dh1.07 billion (or 230 million pounds).



"The move is aimed at accelerating growth, diversifying revenue streams, unlocking synergies, and driving cross-selling opportunities," said the Abu Dhabi mega-developer in a statement. Aldar made a specific mention of expanding its direct interests in mature overseas markets - and the UK and London specifically ticks that point in fine detail.





"Aldar will gain a meaningful foothold in the diverse and dynamic London property market, known for its resilience and enduring appeal to both local and international investors," the statement added.