Aldar Investment completed the acquisition of a 70% stake in Abu Dhabi Business Hub for $95m.

Aldar Investment, a real estate investment platform, completed the acquisition of a 70% stake in Abu Dhabi Business Hub, a premium business park located in the Industrial City of Abu Dhabi, for $95m. "We see strong potential for expansion in warehousing and logistics real estate in the region, a segment which has robust fundamentals driven by infrastructure development and growth of the digital economy. The addition of logistics assets is immediately yield-accretive to our diversified real estate portfolio and further enhances its risk profile. As a major institutional investor, we are also uniquely placed to drive income growth by deploying an active approach to asset management. This includes investing in digital technology and automation, to ensure that the assets that we acquire serve the evolving needs of tenants and remain future proof," Jassem Busaibe, Aldar CEO.