Latest news with #JassemSalahBusaibe
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.
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
Zawya
01-07-2025
- Business
- Zawya
Aldar acquires integrated logistics assets in ALMARKAZ for $144.3mln
Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 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.
Arabian Business
01-07-2025
- Business
- Arabian Business
Aldar acquires logistics assets in AlMarkaz Industrial Park for $144.3mn
Aldar has acquired warehousing and light industrial real estate assets in Abu Dhabi's Al Dhafra region from Waha for AED 530 million (US$144.3 million). The assets add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics portfolio, and are located at the 6 million sqm AlMarkaz Industrial Park. Developed by Waha Land, a subsidiary of Waha Capital, the Park enjoys special economic zone status. Aldar expands logistics portfolio in Al Dhafra The flexible design of the buildings acquired by Aldar allows tenants to select from a range of unit sizes and building heights, offering modularity. AlMarkaz has high-quality infrastructure and benefits from the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. At near full occupancy with a diverse base of international, regional and government-related tenants, the acquisition adds 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. The transaction will increase Aldar's net leasable area to more than 600,000 sqm, including operational assets and projects under development. Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, commented: 'The acquisition of assets at AlMarkaz 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.' It's also a milestone moment for Waha, which has invested in AlMarkaz for over a decade, leading to 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, added: '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.' 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.
