Real Estate

Aldar sets up mega real estate investment firm

October 2018

UAE-based Aldar Properties has launched Aldar Investment Properties, the region’s largest diversified real estate investment company, which has been designed to drive greater operational and capital efficiencies that will unlock value for shareholders and create the foundation for accelerated growth.

This comes following the recent Abu Dhabi Executive Council decree, extending full onshore real estate ownership rights to Aldar Properties and its subsidiaries in the emirate. The company will take ownership of some of Abu Dhabi’s highest quality, revenue-generating real estate assets, valued at Dh20 billion ($5.4 billion).

The creation of Aldar Investments allows Aldar to spin off its recurring-revenue assets into a 100 per cent-owned separate entity, with greater independence, focused governance and a more efficient cost structure, says the developer.

Aldar Investments operates under the direction of its own board, allowing greater transparency, governance and clarity around its cash flows, profit and dividends, while reducing operating and capital costs to enhance profitability, it states.

Incorporated through Abu Dhabi’s international financial centre, Abu Dhabi Global Market (ADGM), Aldar Investments features attractive recurring-revenue assets including over 5,000 residential units and over 500,000 sq m of prime retail and commercial space, says the developer.

These include some of Abu Dhabi’s most recognised assets such as Yas Mall, Aldar HQ and The Gate Towers & Arc, and over 2,400 hotel keys, predominantly on Yas Island.

As an immediate endorsement of its financial strength, Aldar Investments has been assigned a Baa1 rating by Moody’s – the highest rating for a non-government corporate in the region and one notch above Aldar.

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