Aldar acquires London Square in 1st international acquisition

  • Date: 01-Dec-2023
  • Source: GCC Business News
  • Sector:Technology
  • Country:UAE
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Aldar acquires London Square in 1st international acquisition

Aldar Properties (Aldar), the leading real estate developer, investor, and manager in the UAE, has fully acquired the London-based developer, London Square, marking its first international acquisition beyond the MENA region.  The acquisition, representing an enterprise value of $291 million (AED 1.07 billion), is aligned with Aldar’s strategic vision of expanding into key and mature […]Aldar Properties (Aldar), the leading real estate developer, investor, and manager in the UAE, has fully acquired the London-based developer, London Square, marking its first international acquisition beyond the MENA region. 

The acquisition, representing an enterprise value of $291 million (AED 1.07 billion), 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 foothold in the diverse and dynamic London property market, known for its resilience and enduring appeal to both local and international investors.

Aldar and London Square have a shared vision and approach to creating world-class developments, anchored in high quality design, sustainability, and customer service excellence. Moreover, this transaction represents a new