Latest news with #SalahBusaibe
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
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
