Main image: Talal Al Dhiyebi, Group Chief Executive Officer of Aldar Properties, and Adam Lawrence, Founder and Chief Executive of London Square
UAE real estate giant buys UK developer London Square
Aldar Properties says its first acquisition outside of the MENA region provides 'a meaningful foothold in the diverse and dynamic London property market,' with financial heft that will give London Square the ability develop 'larger and prime central London sites.'
What to read next
Middle Eastern developer swoops on London housebuilder Regal
Royalty-backed Arada to pump more than £500mn into London resi projects.
Another UAE property developer opens London outpost
Danube Properties' new base in Harrow will 'act as a gateway for UK investors, providing them with unparalleled access to Dubai’s lucrative real estate market.'
OnTheMarket to be sold to American real estate data giant in £100mn deal
'The acquisition of OnTheMarket represents an attractive and efficient entry point for CoStar into the estimated £8 trillion United Kingdom residential property market,' says CEO Andy Florance.
Most read
Deals & Data: London’s £15mn+ market rebounds in blockbuster first half
Record-breaking sales, resurgent international demand and a surprise winner among the capital's super-prime neighbourhoods - but buyers are still calling the shots.
Property Industry Reactions: New PM Burnham installs Downing Street team
UPDATED: Former Defence Secretary John Healey replaces Rachel Reeves as Chancellor of the Exchequer; Angela Rayner returns to the Cabinet as Housing Secretary.
St John’s Wood mansion trades in £29mn deal
Latest NW8 mega-deal revealed in official records.
Knight Frank launches ‘second phase’ of broker recruitment drive
The big-brand estate agency has received 130 enquiries from would-be self-employed brokers so far, with eight being appointed in the last eight weeks.
Knightsbridge developer cuts resi for hotel & spa scheme
RBKC has approved a PLP-designed hotel/spa on Pavilion Road, replacing an earlier mixed-use consent with apartments.
Super-prime buying ‘flurry’ drives London’s £5mn+ market
New analysis reveals how many high-value sales went through in Q2, plus which outer-prime neighbourhood has joined London's top three £5mn+ enclaves for the first time.
Resi developer’s global survey reveals ‘what the world thinks of London’
London Square research finds the capital leading the pack for careers and resi investment, with overseas sentiment more upbeat than the domestic narrative might suggest.
Has Hamilton Terrace become NW London’s hottest address?
The St John's Wood street has notched up almost £100mn of house sales in the past 12 months.
Veteran sales director joins Douglas & Gordon
Former Aspire, KFH and Fine & Country operator joins London agency's self-employed network.
Knight Frank signs new Mallorca agency partnership
Balearic agency boss heralds 'a full-circle moment'.
LATEST ARTICLES
Veteran sales director joins Douglas & Gordon
Former Aspire, KFH and Fine & Country operator joins London agency's self-employed network.
Super-prime buying ‘flurry’ drives London’s £5mn+ market
New analysis reveals how many high-value sales went through in Q2, plus which outer-prime neighbourhood has joined London's top three £5mn+ enclaves for the first time.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Developer reveals another Abu Dhabi mega-project
Mixed-use waterfront scheme on Yas Island will deliver 1,600 new homes, including branded residences.
LeadingRE adds 20 new firms across six continents
Around 500 indie agencies are now signed to the 63-year-old international luxury brokerage network.