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Aldar Investment spends $144 million on Abu Dhabi properties to expand its logistics portfolio.
Aldar Investment has bought warehousing and light industrial properties in Abu Dhabi's Al Dhafra region for AED530 million ($144 million).
The assets, located at ALMARKAZ Industrial Park, add 182,500 sqm of leasable space to Aldar's growing logistics portfolio, which also includes properties in Abu Dhabi and Dubai.
The acquisition benefits from high demand due to e-commerce and population growth, and the deal could pave the way for future collaborations between Aldar and Waha.
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Aldar Investment gasta $144 millones en propiedades de Abu Dhabi para expandir su cartera de logística.