Aldar Acquires London Square, Debuting in International Market

Aldar Acquires London Square, Debuting in International Market

Real estate firm Aldar Properties (Aldar) acquired London Square, a London-based developer, on Friday valued at AED 1.07 billion ($291 million) marking its first international acquisition beyond the MENA region. Dubai-based firm said, it aims to accelerate growth, diversifying revenue streams, unlocking synergies, and driving cross-selling opportunities, along establishing a strong presence in both international …

The post Aldar Acquires London Square, Debuting in International Market appeared first on Business Tabloid.Real estate firm Aldar Properties (Aldar) acquired London Square, a London-based developer, on Friday valued at AED 1.07 billion ($291 million) marking its first international acquisition beyond the MENA region.

Dubai-based firm said, it aims to accelerate growth, diversifying revenue streams, unlocking synergies, and driving cross-selling opportunities, along establishing a strong presence in both international and local market.

Aldar said with its expertise and financial strength it aims to develop London Square’s large and prime central sites. Additionally, the firm said, it anticipates to enhance sale through cross selling across both the companies to diversify international customer network.

London Square operates numerous segments, this enables Aldar to advance its portfolio, said the firm. established in 2010 London Square provide property to developing office for retail, and leisure space.

“The transaction, which is synergistic in nature,