A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi, January 28, 2013. REUTERS/Ben Job/File Photo
Aldar Properties, a UAE-based real estate developer, said on Friday it has completed the acquisition of London-based developer London Square in a deal worth 1.07 billion dirhams ($291.4 million).
“The transaction marks Aldar’s first acquisition outside the MENA region, reflecting its strategic move to bolster scale, broaden market reach, and diversify revenue streams,” Aldar Properties said in a statement.
($1 = 3.6720 UAE dirham)
Reporting by Hatem Maher; Editing by Jacqueline Wong
