Latest news with #AldarInvestment
Arabian Post
02-07-2025
- Business
- Arabian Post
Aldar Deepens Logistics Reach with AED 530 Million Almarkaz Deal
Aldar Investment has sealed the acquisition of 17 high‑quality warehousing and light industrial units from Waha Capital for AED 530 million, immediately expanding its net leasable area by 182,500 sq m at Almarkaz Industrial Park in Al Dhafra, Abu Dhabi. The assets, now near full occupancy, welcome a mix of international, regional and government-related tenants, reinforcing Aldar's logistics footprint across the UAE. The Almarkaz site spans six million sq m and operates under special economic zone status, offering premium infrastructure and modular facility design that enables seamless scalability. With this purchase, Aldar's logistics portfolio surpasses 600,000 sq m of operational and under-development space, encompassing holdings in Abu Dhabi's Business Hub, Dubai's 7 Central, and forthcoming logistics parks at Dubai South and Jebel Ali with DP World. Jassem Salah Busaibe, CEO of Aldar Investment, explained the deal aligns closely with the firm's strategic direction to enhance and diversify recurring revenue streams. He noted demand for 'well-located premium logistics and industrial space' across Abu Dhabi and Dubai continues to intensify, underpinning Aldar's capital allocation into high-quality warehousing with 'strong fundamentals and growth potential'. ADVERTISEMENT For Waha Capital, the divestment marks a pivotal phase in extracting value from over a decade of development at Almarkaz. Mohamed Hussain Al Nowais, Managing Director at Waha Capital, praised the transformation of the property from a green‑field plot to a strategic logistics hub, describing the sale as a validation of the platform's scalability and the group's long‑term, value‑creation objectives. Market observers attribute this flurry of logistics investment to several drivers. E‑commerce growth, burgeoning regional trade flows, and population expansion are converging, creating heightened demand for grade‑A logistics assets. The Almarkaz facilities, offering modular layouts with variable unit sizes and heights, are well suited to support this evolving tenant landscape. Analysts also view Aldar's move as reinforcing its status as a leading logistics landlord in the UAE, Ramsay Consultants senior director Sarah Al‑Zafiri remarked: 'By adding scale, occupancy and diversification, Aldar is consolidating its edge in a competitive sector increasingly driven by global supply chain dynamics.' The company's pipeline of projects in Jebel Ali and Dubai South—particularly the joint venture with DP World—demonstrates a long‑term commitment to expand capacity in line with regional logistics demand. The strategic purchase comes against the backdrop of Abu Dhabi's broader economic agenda, driving diversification away from hydrocarbons towards industrial, logistics and business infrastructure development. It aligns with the Emirate's infrastructure milestone ambitions, including that of Almarkaz itself, which grew under government-backed initiatives and Waha Capital's vision over the past decade. Financially, the AED 530 million consideration—equivalent to US$144 million—reflects growing investor appetite for stable, income-generating real estate underpinned by long‑term leases and resilient tenant profiles. The acquisition further strengthens Aldar's balance sheet diversification, reinforcing revenue stability as the logistics unit contributes increasingly meaningful recurring income. Looking ahead, both Aldar and Waha Capital signalled openness to future collaborations within Almarkaz. Their aligned interests, combined with the availability of undeveloped land and infrastructure, could unlock new logistic and industrial developments. With Almarkaz now integrated into Aldar's ecosystem, and development momentum building in key zones like Dubai South, Jebel Ali and across Abu Dhabi, the move positions the Emirates to benefit from an expanding logistics network. As strategic partnerships and phased developments roll out, the sector appears primed to support national economic diversification goals alongside private-sector returns.
Gulf Business
01-07-2025
- Business
- Gulf Business
Aldar acquires ALMARKAZ logistics assets from Waha Capital in Dhs530m deal
Image: Aldar Aldar Investment has acquired warehousing and light industrial assets from The freehold assets are located within ALMARKAZ Industrial Park in the Al Dhafra region of Abu Dhabi. The acquisition strengthens Aldar's presence in the UAE's logistics sector, with the newly added assets benefiting from near-full occupancy and a diverse mix of international, regional, and government-related tenants. ALMARKAZ, a six million square metre industrial and business park developed by Waha Land — a wholly owned subsidiary of Waha Capital — enjoys special economic zone status and is equipped with high-quality infrastructure. Move is part of Aldar Investment's strategy to scale Jassem Salah Busaibe, CEO of Aldar Investment, said the transaction aligns with the company's strategy to scale and diversify its 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,' Busaibe said. The buildings acquired offer modular flexibility in unit sizes and heights, catering to a broad tenant base. The deal complements Aldar's expanding logistics footprint, which includes Abu Dhabi Business Hub, 7 Central in Dubai Investments Park, upcoming developments at Dubai South, and a 146,000 sqm logistics park being developed with DP World at National Industries Park in Jebel Ali. For Waha Capital, the transaction marks a strategic milestone following over a decade of investment in transforming the ALMARKAZ site from a greenfield project into a major logistics and industrial hub. '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,' said Mohamed Hussain Al Nowais, managing director of Waha Capital. '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.' Both parties signalled interest in exploring future collaboration at the site, which still offers significant development potential amid growing demand driven by e-commerce, intra-regional trade, and population growth. Read:
Al Etihad
01-07-2025
- Business
- Al Etihad
Aldar acquires logistics assets from Waha Capital for Dh530m
1 July 2025 09:53 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 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 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 deal reflects Waha Capital's strategic decision to unlock value from its long-term investment in the 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 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
Al Bawaba
22-05-2025
- Business
- Al Bawaba
Aldar Breaks Ground on a Custom Designed Cold Store Facility for Emirates Snack Foods
Aldar announced today it has broken ground on a custom-designed cold store and distribution facility for Emirates Snack Foods (ESF), one of the UAE's most prominent fast-moving consumer goods (FMCG) mark the partnership, Jassem Saleh Busaibe, Chief Executive Officer at Aldar Investment and Feda Saimua, Managing Partner at Emirates Snack Foods convened at Make It In The Emirates, an annual event dedicated to UAE's rapidly expanding industrial and manufacturing located in Dubai South's Logistics District, the facility is designed specifically for ESF to efficiently move high volumes of products in line with their customers' needs. The building will incorporate ESF's entire cold chain operations and corporate office into a single facility, maximising operational efficiencies and improving storage systems for faster distribution. Developed across a leasable area of almost 20,000 sqm, the facility will include modern racking solutions to maximise space and improve handling time, specialised insulation and humidity controls to accommodate a range of temperature sensitive products and an Automated Warehouse Management System to enable the real-time tracking of inventory. Jassem Saleh Busaibe, Chief Executive Officer at Aldar Investment, said: 'This build to suit project for Emirates Snack Foods highlights our ability to deliver best in class logistics facilities which are customised for operators seeking to enter or expand their operations in the UAE. As we grow our logistics presence and capabilities in both Dubai and Abu Dhabi, we look forward to delivering further Grade A facilities that meet and exceed global standards.'Feda Saimua, Managing Partner at Emirates Snack Foods, stated: 'Our investment in world-class facilities reaffirms our commitment to delivering exceptional service to our customers, brand partners, and consumers. These new facilities reflect the exponential growth our business has experienced and will enable us to efficiently serve all sub-channels across Food Service, Retail, and E-Commerce throughout the UAE. As we continue to expand, our investments are firmly rooted in the principles of sustainability, innovation, and diversity.'From advanced technologies that reduce power consumption to the integration of state-of-the-art culinary innovation and a training centre, ESF is building for the future. The facility is also designed to meet Dubai Green Building standards by integrating sustainable lighting, solar-ready infrastructure and energy-efficient cooling systems, including an onsite ammonia plant to supply efficient cold storage capabilities. Strategically positioned near to Al Maktoum International Airport, as well as Jebel Ali Port via a bounded logistics corridor, the new logistics facility will be handed over in Q4 2025. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Khaleej Times
29-04-2025
- Business
- Khaleej Times
Abu Dhabi: Aldar reports 33 per cent rise in Q1 2025 net profit before tax to Dh2.2 billion
Aldar, Abu Dhabi's premier developer, on Tuesday reported a 33 per cent rise in first quarter net profit before tax to Dh2.2 billion, driven by strong demand for existing inventory and new launches. Total UAE sales increased 38 per cent year on year to Dh8.4 billion driven by strong demand for both new launches and existing developments. Aldar launched two new projects in Q1 2025: Manarat Living III on Saadiyat Island; and The Wilds in Dubai, the third development under a joint venture with Dubai Holding. The developer's projects created a strong appeal among international buyers, with UAE sales to overseas and expat resident customers rising to Dh7.4 billion, representing 87 per cent of total UAE sales. UAE revenue backlog at the end of March 2025 stood at a record Dh46.7 billion, up from Dh45.9 billion at the end of December 2024. With an average duration of 29 months, it provides significant visibility on revenue over the next 2-3 years. Cash collections remain strong, totalling Dh3.6 billion as the company pursues accelerated delivery of projects. Increasingly diversified group development backlog has reached a record Dh55.7 billion, with UAE backlog of Dh46.7 billion, driving revenue recognition over the next 2-3 years. Aldar Investment's adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 10 per cent year on year to Dh764 million — up 20 per cent excluding gains from disposals and divestments – and assets under management growing to Dh46 billion. Aldar strengthened its capital structure and financial resilience, issuing Dh3.7 billion hybrid capital notes and a Dh1.8 billion green sukuk, as well as securing a Dh9 billion syndicated revolving credit facility and a Dh1.8 billion hybrid capital solution from Apollo. Earnings per share rises 25 per cent year on year to Dh0.20 on the back of cross-platform earnings growth. Strong liquidity position supports prudent growth agenda with Dh10.2 billion in free and unrestricted cash, and Dh19.3 billion in undrawn committed credit facilities as at end of March. 'Aldar's strong start to the year demonstrates the depth and resilience of our diversified platform, and our ability to execute and grow with discipline against a clear strategy for long-term value creation. Looking forward, the UAE's sustained investment in strategic sectors and its commitment to a business-friendly environment and economic diversification provide a powerful foundation for stability and growth. In this conducive environment and with a development backlog reaching a record Dh55.7 dirhams, Aldar is well-positioned to deliver sustainable performance, deploying capital with care and reinforcing our role as a long-term partner in shaping the UAE's economic development,' said Mohamed Khalifa Al Mubarak, Chairman of Aldar. 'Aldar delivered a robust financial performance in the first quarter, with continued momentum across our core businesses driving a 33 per cent increase in net profit before tax to 2.2 billion dirhams. Our development sales remained extremely strong, rising 42 per cent to Dh8.9 billion, while our pipeline of new launches is on track amid continued demand from both local and international buyers. Meanwhile, our investment portfolio continued to perform positively, with recent acquisitions, increasing rental rates, and near-full occupancy levels driving revenue growth and income stability. In early 2025, we took proactive steps to reinforce Aldar's financial strength and resiliency, increasing liquidity through capital markets issuances and a syndicated loan. We have full confidence that our diversified platform, robust revenue backlog, and prudent capital deployment strategy position the company well to create long-term value for our stakeholders,' said Talal Al Dhiyebi, group chief executive officer of Aldar.
