Aldar Boosts Logistics Portfolio with AED 530mln Acquisition from Waha
Deal News | Jul 01, 2025 | Zawya
Aldar, a leading real estate developer in Abu Dhabi, has acquired warehousing and light industrial assets worth AED 530 million from Waha Capital's ALMARKAZ Industrial Park, located in the Al Dhafra region. This acquisition enriches Aldar's logistics platform by adding 182,500 sqm of net leasable area, contributing to the company’s strategy of expanding and diversifying its income-generating portfolio. ALMARKAZ, a prominent industrial and business park developed by Waha Land—which is a subsidiary of Waha Capital—enjoys special economic zone status and provides further development potential. The transaction marks a continued collaboration opportunity for Aldar and Waha, leveraging high-quality infrastructure and growing demand for logistics space driven by intra-regional trade and population growth. Nearly fully occupied, the diverse tenant base of the assets offers strong growth potential, enhancing Aldar's standing in the logistics sector in Abu Dhabi and Dubai. Waha Capital views the sale as a strategic milestone and demonstrates the scalability of the platform they have built, aiming to deliver long-term shareholder value.
Sectors
- Real Estate
- Logistics & Transportation
- Investment Management
Geography
- United Arab Emirates – The transaction takes place in the UAE, specifically involving assets in Abu Dhabi and strategic discussions about the logistics infrastructure.
- Abu Dhabi – The specific location of the acquired assets, ALMARKAZ Industrial Park, is in the Al Dhafra region of Abu Dhabi.
Industry
- Real Estate – The article primarily focuses on the acquisition of logistics real estate assets by Aldar, a key player in the real estate sector in Abu Dhabi.
- Logistics & Transportation – The logistics aspect is central to Aldar's acquisition strategy, as the assets are part of expanding its logistics platform to meet rising demand in the region.
- Investment Management – Waha Capital's role as an investment management entity that facilitates asset acquisitions and investments is emphasized in the context of strategic asset disposition.
Financials
- 530 million AED – The acquisition price Aldar paid to acquire the logistics assets from Waha Capital at ALMARKAZ Industrial Park.
- 182,500 sqm – The net leasable area that has been added to Aldar's logistics portfolio through this acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aldar | Buyer | Company | A leading real estate developer, manager, and investor in Abu Dhabi with a growing presence across various regions. |
| Waha Capital | Seller | Company | An Abu Dhabi-listed investment management company involved in public and private market investments. |
| Waha Land | Target Company | Company | A wholly-owned subsidiary of Waha Capital that developed the ALMARKAZ Industrial Park. |
| ALMARKAZ Industrial Park | Asset/Property | Company | A mixed-use industrial park located in Al Dhafra, Abu Dhabi, with special economic zone status developed by Waha Land. |