Aldar acquires logistics assets from Waha Capital for Dh530m
ABU DHABI (ALETIHAD) Aldar has acquired a portfolio of high-quality warehousing and light industrial assets from Waha Capital for Dh530 million, a statement said. The assets, situated within the ALMARKAZ Industrial Park in Abu Dhabi's Al Dhafra region, add 182,500 square metres of net leasable area to Aldar Investment's income-generating logistics portfolio.The acquired portfolio consists of 17 leased warehouse buildings spread across five land plots, all developed by Waha Land, a wholly owned subsidiary of Waha Capital. The assets are near fully occupied and serve a diverse base of international, regional, and government-related tenants. A separate stock market disclosure by Waha Capital confirmed the sale of the buildings to Aldar Logistics.ALMARKAZ is a 6 million square metre industrial development with Special Economic Zone status, featuring Grade 'A' facilities and state-of-the-art infrastructure. Developed over the past decade with backing from Waha Capital, ALMARKAZ has transformed from a greenfield site into a thriving industrial and logistics hub.The deal reflects Waha Capital's strategic decision to unlock value from its long-term investment in the project.Jassem Salah Busaibe, CEO of Aldar Investment, said: 'The acquisition of assets at ALMARKAZ from Waha is another step in Aldar's ongoing expansion within the UAE's logistics sector, aligning with our strategy to scale and diversify our recurring income streams. The assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.'Mohamed Hussain Al Nowais, Managing Director of Waha Capital, called the deal a 'testament to the strength and scalability of the platform we have built,' and reaffirmed the company's commitment to long-term value creation.This acquisition increases Aldar's logistics net leasable area to over 600,000 square metres, including operational assets and developments underway. The company already owns logistics hubs such as Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, and is developing new sites at National Industries Park in Jebel Ali and in Dubai South.
The transaction is in line with Aldar's broader strategy to capitalise on growing demand for premium logistics space amid increasing regional trade, e-commerce activity, and population growth. The flexible design and modular layout of the acquired buildings are expected to support tenant adaptability and long-term occupancy.
Source: Aletihad - Abu Dhabi
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