Aldar expands logistics portfolio with Dh650 million KEZAD asset acquisition

Aldar Properties acquires Dh650 million logistics assets in KEZAD, strengthening its industrial portfolio and reinforcing long-term growth in Abu Dhabi’s logistics sector.

Key Highlights

• Aldar Properties has acquired a portfolio of industrial and logistics assets worth Dh650 million from a subsidiary of AD Ports Group, marking a strategic expansion in Abu Dhabi’s key economic zones.
• The transaction includes assets within Khalifa Economic Zones Abu Dhabi (KEZAD Group), adding approximately 163,000 square metres of high-quality, income-generating warehouse space to Aldar’s growing portfolio.
• The acquired assets consist of three purpose-built, multi-let warehouses located in KEZAD’s Al Ma’mourah cluster, currently 97% occupied with around 80 tenants across diverse sectors.
• Leading tenants include DHL, Spinneys, and Noatum Logistics, highlighting the strength and diversity of the tenant base.
• Aldar will oversee asset management, leasing, and property management, further strengthening its operational real estate capabilities and recurring income streams.
• This acquisition builds on Aldar’s earlier investment in KEZAD logistics assets in 2025, reflecting a consistent strategy to scale its industrial and logistics platform.
• With this addition, Aldar’s total logistics and industrial portfolio now exceeds 700,000 square metres, with a future pipeline surpassing 1.5 million square metres of leasable space.
• The deal reinforces confidence in Abu Dhabi’s economic fundamentals and growing demand for high-quality logistics infrastructure, driven by trade, manufacturing, and supply chain expansion.
• KEZAD’s strategic location near Khalifa Port, major highways, and Etihad Rail enhances its position as a leading regional logistics hub.
• For AD Ports Group, the transaction supports capital recycling initiatives, enabling reinvestment into new infrastructure projects and strengthening long-term growth strategies.
• The acquisition aligns with Aldar’s broader objective of expanding its income-generating asset base, which now exceeds Dh49 billion in assets under management, supporting sustainable returns and long-term value creation.