Aldar Properties Expands Horizons with $291 Million London Square Investment

5 Dec 2023

Aldar Properties Ventures Beyond MENA Region with London Square Acquisition

Aldar Properties, a prominent real estate firm based in the Middle East, has set its sights on international expansion with the recent announcement of its $291 million acquisition of London-based developer London Square. Marking Aldar's first foray into international markets beyond the MENA region, the 100% acquisition aligns with Aldar's strategic vision for growth and diversification.



Strategic Vision: Accelerating Growth and Diversifying Revenue Streams


The acquisition, valued at AED1.07 billion ($291 million), represents Aldar's strategic move to accelerate growth, diversify revenue streams, unlock synergies, and explore cross-selling opportunities. By leveraging its expertise and entering the dynamic London property market, Aldar aims to establish a meaningful presence in a market known for its resilience and appeal to both local and international investors.


Mutual Benefits for Aldar and London Square


This strategic move ushers in a new phase of growth for both Aldar and London Square, promising mutual benefits and a positive impact on the communities they serve. The acquisition facilitates the exchange of capabilities and talents, opening doors to new opportunities for customers and creating a platform for collaboration.


Supporting London Square's Growth Strategy


Aldar intends to utilize its expertise and financial strength to support London Square's land acquisition strategy, enabling the development of larger and prime central London sites. The synergy between the two companies is expected to have a positive impact on sales, with opportunities for cross-selling across their diverse international customer networks.


Leadership Perspectives


Talal Al Dhiyebi, Group CEO of Aldar Properties, expressed the significance of this international expansion, emphasizing the company's commitment to exploring opportunities in target markets. The acquisition of London Square represents a strategic move beyond the region, showcasing Aldar's confidence in London Square's management, governance, and business model.


Adam Lawrence, Founder and Chief Executive of London Square, echoed the sentiment, highlighting the outstanding outcome for London Square. He emphasized Aldar's exemplary reputation, knowledge, and experience, foreseeing growth and extended presence across Greater London and the Southeast.


London Square's Notable Achievements


Established in 2010, London Square has successfully built a development pipeline exceeding GBP 2 billion ($2.5 billion). Having completed over 3,500 homes to date, the developer has 930 homes under construction, valued at GBP 425 million ($538 million). London Square's notable projects include the London Square Nine Elms development, strategically located near the Battersea Power Station.


Strategic Diversification for Aldar


London Square's diverse business segments, including its core private for-sale division, align with Aldar's goals of diversifying its development and portfolio exposure. The acquisition provides Aldar with a strategic entry point into the strong real estate market of the United Kingdom, with London standing as a global hub.



Unlocking Sustained Value Creation

Aldar's move into the UK real estate market is a testament to the global appeal of London and the strategic value it holds. With a structural undersupply of new homes in London, Aldar aims to execute its long-term investment strategy, unlocking sustained value creation in this dynamic and promising market.

latest news

Stay updated with the most recent articles and blogs from Dubai's top real estate professionals.