Aldar Properties PJSC Global Ambition Soars: Lands London Square in Dh1.07 Billion UK Power Move

Abu Dhabi, UAE – In a strategic leap beyond the Middle East, Aldar Properties PJSC, the UAE-based mega-developer, is set to redefine its global footprint with the acquisition of London Square, a leading UK developer.

The enterprise value of this monumental deal, standing at Dh1.07 billion (230 million pounds), not only signifies Aldar’s commitment to diversifying revenue streams but also marks its entry into mature overseas markets.

Aldar Properties PJSC Global Expansion Strategy

In continuation of its international expansion strategy, Aldar Properties PJSC emphasizes the significance of acquiring established platforms in target markets.

After the successful acquisition of Sodic, an Egyptian developer, Aldar’s latest move into the UK signals a strategic foothold in the vibrant London property market.

London Square’s Impressive Portfolio

Building on their global vision, Aldar eyes London Square, founded in 2010 with backing from Ares Management.

In addition, This powerhouse boasts a development pipeline valued at 2 billion pounds. With over 3,500 completed homes and an additional 930 units under construction. Moreover, Including the prestigious Nine Elms development near Battersea Power Station.

London Square adds a considerable portfolio to Aldar’s global ventures.

Positive Impact on Sales and Housing Solutions

Aligning with their commitment to holistic growth, the acquisition is expected to have a positive impact on Aldar’s sales, leveraging cross-selling opportunities across diverse international customer networks.

Talal Al Dhiyebi, Group CEO of Aldar Properties, expresses excitement about playing a leading role in addressing the UK housing shortage.

Adam Lawrence on the Acquisition

In a collaborative spirit, Adam Lawrence, founder and Chief Executive of London Square, looks forward to contributing to tackling the housing shortage in the UK.

He emphasizes the joint strengths and synergies that the acquisition brings, positioning both entities for success in the evolving real estate landscape.

Read “Dubai Investments‘ latest financials, shape the ever-evolving Dubai Off Plan real estate landscape: