Latest news with #ALMARKAZ
Mid East Info
01-07-2025
- Business
- Mid East Info
ALDAR ACQUIRES INTEGRATED LOGISTICS ASSETS IN ALMARKAZ FROM WAHA CAPITAL FOR AED 530 MILLION - Middle East Business News and Information
The high-quality logistics assets have a total net leasable area of 182,500 sqm, with near full occupancy The assets are part of ALMARKAZ Industrial Park, a premium development by Waha Land, with Special Economic Zone status The transaction builds on the success of Aldar's growing UAE logistics platform, increasing net leasable area to more than 600,000 sqm – including operational assets and projects under development It also supports Aldar's broader strategy to expand and diversify its income-generating portfolio, capitalising on accelerating demand for logistics infrastructure Abu Dhabi, UAE – July 2025: Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED 530 million. The assets, which are located at ALMARKAZ Industrial Park – a flagship Industrial and Business Park Development – add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics portfolio. The freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land – a wholly-owned subsidiary of Waha Capital – and enjoys special economic zone status. With further development potential at ALMARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site. ALMARKAZ benefits from high quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allow for tenants to select from a range of unit sizes and building heights, offering excellent modularity. The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai South. Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, commented: '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. Our logistics platform continues to grow across Abu Dhabi and Dubai – capitalising on demand for well-located premium logistics and industrial space – and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.' The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial hub. Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said: 'Waha Capital is proud to have supported Waha Land's transformation of ALMARKAZ into a key pillar of Abu Dhabi's logistics and industrial landscape. Over more than a decade, our backing has enabled the creation of a high-quality, income-generating platform that directly contributes to the diversification of the Emirate's economy. This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.' The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali. About Aldar: Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 62 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of more than AED 46 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates. About Waha Capital: Waha Capital is an Abu Dhabi-listed investment management company that leverages its emerging markets expertise, business networks and research capabilities to deliver attractive returns to shareholders and investors in its funds. Founded in 1997, Waha Capital is one of the Emirate's leading private sector investment houses, providing a world-class platform for investment and growth. The company has a long-established track record of investing in public and private markets, deploying proprietary capital in alignment with third-party investors. The Public Markets business (operated by Waha Investment PrJSC, a wholly owned subsidiary) offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market-leading returns. The Private Investments business pursues a multi-asset investment approach focused on direct investments, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co-investment partnerships. The Waha Land business develops and leases industrial and logistics facilities at ALMARKAZ in Abu Dhabi's Al Dhafra region, strategically leveraging the UAE's expanding industrial infrastructure, to grow its institutional-grade assets and contribute to portfolio diversification and long-term value creation. Counting Mubadala Investment Company as an anchor shareholder, Waha Capital is at the forefront of Abu Dhabi's increasingly dynamic and entrepreneurial ecosystem, creating long-term value for shareholders, fund investors, employees, and communities. About ALMARKAZ Industrial Park: Located in Al Dhafra, 35 kms west of the city of Abu Dhabi, ALMARKAZ has been developed by Waha Land as an integrated mixed-use industrial development with Grade 'A' industrial and logistics facilities and first-class infrastructure. The development is perfectly situated to capitalise on easy access to the UAE's growing industrial and logistics infrastructure, including major land, sea, air and rail routes.
Gulf Today
01-07-2025
- Business
- Gulf Today
Aldar acquires integrated logistics assets in ALMARKAZ from Waha Capital for Dhs530 million
Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for Dhs530 million. The assets, which are located at ALMARKAZ Industrial Park - a flagship Industrial and Business Park Development - add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics portfolio. The freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land, a wholly-owned subsidiary of Waha Capital, and enjoys special economic zone status. With further development potential at AL MARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site. AL MARKAZ benefits from high quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allow for tenants to select from a range of unit sizes and building heights, offering excellent modularity. The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai South. Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, commented, "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. Our logistics platform continues to grow across Abu Dhabi and Dubai, capitalising on demand for well-located premium logistics and industrial space, and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.' The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial hub. Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said, 'Waha Capital is proud to have supported Waha Land's transformation of ALMARKAZ into a key pillar of Abu Dhabi's logistics and industrial landscape. Over more than a decade, our backing has enabled the creation of a high-quality, income-generating platform that directly contributes to the diversification of the Emirate's economy. This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.' The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali. WAM
Al Etihad
01-07-2025
- Business
- Al Etihad
Aldar acquires integrated logistics assets in ALMARKAZ from WAHA CAPITAL for Dh530 million
1 July 2025 17:42 ABU DHABI (ALETIHAD)Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for Dh530 a press statement on Tuesday, Aldar announced that the assets, located at ALMARKAZ Industrial Park—a flagship Industrial and business park development—add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land, a wholly-owned subsidiary of Waha Capital, and enjoys special economic zone status. With further development potential at AL MARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the MARKAZ benefits from high-quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allows tenants to select from a range of unit sizes and building heights, offering excellent modularity. The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai Salah Busaibe, Chief Executive Officer of Aldar Investment, commented, "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. Our logistics platform continues to grow across Abu Dhabi and Dubai, capitalising on demand for well-located premium logistics and industrial space, and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.' The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial Hussain Al Nowais, Managing Director of Waha Capital, said, 'Waha Capital is proud to have supported Waha Land's transformation of ALMARKAZ into a key pillar of Abu Dhabi's logistics and industrial landscape. Over more than a decade, our backing has enabled the creation of a high-quality, income-generating platform that directly contributes to the diversification of the Emirate's economy." Al Nowais added, "This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.' The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and the 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South and has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali. Source: Aletihad - Abu Dhabi
Zawya
15-02-2025
- Business
- Zawya
Waha Capital delivers strong FY 2024 net profit of AED 381mln
RELATED TOPICS EARNINGS RELATED COMPANIES Mubadala Invst Waha Land Waha Islamic Inc Waha Investment PrJSC Waha MENA Equity Fund. Al Waha Venture Capital Fund Waha Investment PrJSC FY 2024 Key Highlights Waha Investment recorded net profit of AED 379 million, driven by strong recurring fee income amid significant growth in third-party assets under management. Private Investments business produced a net profit of AED 116 million, bolstered by the realisation of gains on several portfolio assets. Waha Land delivered net profit of AED 46 million as increased leasing continued to yield strong income. On the back of Waha Capital's strong performance, the company's board has recommended a divided of 10 fils per share for 2024, representing a robust 5.7% yield. The recommendation is subject to shareholder Waleed Al Mokarrab Al Muhairi, Chairman: 2024 was a year of development and progress for Waha Capital, marked by strong inflows of third-party capital into Waha Investment's public funds. As a result, third-party assets under management (AUM) increased by 25% to reach AED 6.9 billion, representing 58% of total AUM and contributing to higher fee income. This growth reflects market confidence in the company's track record and the attractiveness of its actively managed funds. During the year, Private Investments benefited from mark-to-market gains on portfolio assets producing net profit of AED 116 million, while Waha Land's net profit reached AED 46 million driven by increased rental income. Both businesses continue to support the company's diversified approach, which balances stable returns with value-creating investments. Looking ahead, Waha Capital will continue to strengthen its resilient, scalable business model to generate recurring revenues while focusing on investments that deliver long-term shareholder value. In addition, the company will continue to prudently manage its balance sheet and look to capture emerging opportunities that offer long-term growth. Mohamed Hussain Al Nowais, Managing Director: Waha Capital generated net profit attributable to shareholders of AED 381 million in 2024, underscoring the strength of our award-winning investment strategies and resilient business model. The company's diversified approach continued to attract strong commitments from international institutional investors, driving total AUM to AED 11.9 billion, a year-on-year increase of 13%. Private Investments remained a key pillar of diversification, delivering solid gains across portfolio assets. The company is now focused on redeploying these returns into high-growth, dynamic sectors. Meanwhile, the UAE's thriving real estate market also contributed to net profit, with Stage 2B of Waha Land's ALMARKAZ project achieving 50% occupancy within its first year. In 2025, Waha Capital will continue its drive to expand third-party capital by providing investors with access to high-growth opportunities across different sectors and markets. With a proven track record across our three business areas, we are confident in our ability to deliver long-term value to investors and shareholders. Abu Dhabi – Waha Capital PJSC, an Abu Dhabi-listed investment management company (ADX: WAHA), achieved FY2024 net profit of AED 381 million, underpinned by increased fee income and gains on portfolio assets. The company delivered total income of AED 1,176 million in 2024, compared to AED 1,222 million in 2023, and net profit attributable to shareholders of AED 381 million, representing a return on average equity of 10.0%. In the fourth quarter, Waha Capital recorded net profit of AED 99 million. As of 31 December 2024, Waha Capital's total AUM stood at AED 11.9 billion, marking a 13% increase from AED 10.5 billion in 2023. This growth was driven by strong inflows from third-party mandates, with total third-party assets reaching AED 6.9 billion by the end of the year, accounting for almost 58% of total AUM, reflecting Waha Capital's ability to attract new capital from global institutional investors. Supported by four regional banks, Waha Capital refinanced its revolving credit facility in 2024. The new 3-year US$ 400 million facility, with enhanced terms, is extendable to US$ 500 million and comes with up to two years of maturity extension. This refinancing strengthens Waha Capital's flexibility, improving its ability to capture growth opportunities while effectively managing its balance sheet. Throughout the year, the company received recognition for its long-term track record of success. At the WealthBriefing MENA Awards, Waha Capital was distinguished for its 'Private Markets Programme and Private Equity Offering', while the Waha EM Credit Fund was named 'Best Emerging Market Long/Short Credit Fund' at the Wealth & Finance Fund Awards. Giving back is at the heart of the company's ethos. Corporate Social Responsibility (CSR) initiatives in 2024 included an AED 1.5 million donation to the Emirates Red Crescent's 'Tarahum for Gaza' and 'UAE Stands with Lebanon' campaigns. As a result of Waha Capital's resilient financial performance in 2024, the company's board has recommended a cash dividend of 10 fils per share. The recommendation remains subject to regulatory and shareholder approvals at the Company's Annual General Meeting. Waha Investment Highlights Waha Capital's public markets business, operated by its wholly owned asset management subsidiary Waha Investment and offering hedge funds with active long-short strategies in emerging markets credit and equities, produced net profit of AED 379 million in 2024. During the year, Waha Investment's total third-party assets under management grew 25% to AED 6.9 billion, up from AED 5.5 billion the previous year, driven by strong inflows from a diverse base of international investors. Waha Investment's funds continue to build on their multi-year track record of success. The Waha Emerging Markets Credit Fund, which employs long-short strategies in emerging markets fixed income, delivered a net return of 18.4% in 2024, almost triple the reference JPMorgan EMBI Global Diversified Index's 6.5% return. Since its inception in 2012, the Waha Emerging Markets Credit Fund has achieved a cumulative return of 260.8%, compared to 62.7% for the reference index. The Waha MENA Equity Fund has produced a cumulative net return of 379.7% since its inception in 2014, significantly outperforming its benchmark, which posted a return of 80.9% in the same period. Meanwhile, the Waha Islamic Income Fund, which focuses on global sukuk and Shari'ah-compliant equities, posted a total return of 6.0% in 2024, compared to a 3.4% increase for its reference, the Dow Jones Sukuk Index. Since its launch in 2020, the Waha Islamic Income Fund has recorded a cumulative return of 27.1%, outperforming the reference index's 3.4% return. Private Investments Highlights The Private Investments business, which pursues a growth-focused multi-asset investment approach with the flexibility to deploy capital across diverse sectors and geographies, recorded net profit of AED 116 million in 2024, compared to a loss of AED 50 million in 2023. This turnaround was driven by mark-to-market gains across several portfolio assets, reflecting the success of Waha Capital's long-term investment strategy. In 2024, the business monetized AED 294 million from mature assets, reinforcing the strength of its strategy and positioning it well for redeploying capital into new opportunities. As of 31 December 2024, Private Investments managed AED 648 million in assets, with the team continuously assessing high-growth opportunities and focusing on unlocking value from mature investments. Waha Land Highlights Waha Land, a wholly-owned subsidiary of Waha Capital that owns and operates ALMARKAZ, a light industrial real estate development in Abu Dhabi, recorded full-year net profit of AED 46 million versus AED 44 million in the previous year. This increase was driven by recurring rental income from Stage 1 & 2 A and new rental income from Stage 2 B. Stages 1 and 2A of ALMARKAZ are nearly at full capacity, with a 98% occupancy rate across 182,500 square meters of versatile industrial and logistics units. Stage 2B of the project was completed in Q1 2024, and due to strong demand, occupancy reached approximately 50% of the completed 76,000 square meters by the end of the year. -Ends- About Waha Capital Waha Capital is an Abu Dhabi-listed investment management company that leverages its emerging markets expertise, business networks and research capabilities to deliver attractive returns to shareholders and investors in its funds. Founded in 1997, Waha Capital is one of the Emirate's leading private sector investment houses, providing a world-class platform for investment and growth. The company has a long-established track record of investing in public and private markets, deploying proprietary capital in alignment with third-party investors. The Public Markets business (operated by Waha Investment PrJSC, a wholly owned subsidiary) offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market-leading returns. The Private Investments business pursues a multi-asset investment approach focused on direct investments, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co-investment partnerships. The Waha Land business develops and leases industrial and logistics facilities at ALMARKAZ in Abu Dhabi's Al Dhafra region, strategically leveraging the UAE's expanding industrial infrastructure, to grow its institutional-grade assets and contribute to portfolio diversification and long-term value creation. Counting Mubadala Investment Company as an anchor shareholder, Waha Capital is at the forefront of Abu Dhabi's increasingly dynamic and entrepreneurial ecosystem, creating long-term value for shareholders, fund investors, employees, and communities. Further Information for Media and Investors For further information on Waha Capital and its investment capabilities, please visit For media & investment enquiries, please contact: Ameera Khalid Head of Investor Relations & External Communications Waha Capital E-mail: communications@
