Aldar Acquires London Square in Landmark Deal

  • 2 weeks ago
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In a significant strategic move, Abu Dhabi-based Aldar Properties has completed its acquisition of the UK developer London Square for £230 million, marking Aldar’s first international expansion beyond the MENA region. This acquisition aligns with Aldar’s vision of expanding into key international markets, focusing on growth, diversification, and synergy creation.

London Square, a leading residential and mixed-use developer primarily operating across Greater London, has a diverse portfolio that includes affordable housing and luxury developments. The company has successfully created a development pipeline worth over £2 billion, with 3,500 homes completed and an additional 930 under construction. Notable projects include the Nine Elms development near Battersea Power Station, which encompasses luxury homes, Build to Rent apartments, and commercial spaces.

Aldar’s CEO, Talal Al Dhiyebi, highlighted that this acquisition is a testament to London Square’s robust management and proven business model. He emphasized the potential for cross-selling and leveraging Aldar’s expertise to support London Square’s growth, particularly in prime central London sites.

Adam Lawrence, CEO of London Square, expressed enthusiasm for the partnership, noting that Aldar’s extensive experience will help London Square flourish and address the housing shortage in London and its surroundings.

This acquisition represents a new phase of growth for both companies, promising enhanced brand recognition and expanded market reach. The deal underscores Aldar’s commitment to international expansion and its strategy to capitalize on mature, resilient markets like London​.

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