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182,000 sqm of logistics assets change hands in Abu Dhabi
Photo: Naput / adobe.stock.com
Aldar Properties, a real estate developer and manager from the UAE, has acquired some prime logistics and light industrial assets in the Almarkaz industrial park from Waha Capital for AED 530 million.
The assets add 182,500 sqm of net leasable area to Aldar Investment’s growing logistics portfolio, which now exceeds 600,000 sqm. Located in Abu Dhabi’s Al Dhafra region, Almarkaz is a 6 million sqm special economic zone developed by Waha Land. With almost full occupancy and a diverse tenant base, the acquisition supports Aldar’s strategy to expand recurring income streams by capitalising on rising demand for logistics infrastructure.
The flexible, modular facilities complement Aldar’s assets in Abu Dhabi and Dubai (both UAE), including sites in Dubai South and Jebel Ali. The deal also reflects Waha’s successful decade-long development of Almarkaz into a key logistics hub.