AD Ports Group has announced the sale of KEZAD Logistics Park – KLP Free Zone 3 (FZ3) in Abu Dhabi, a free zone industrial and logistics group of warehouse assets, to Mair Group.
Located within KEZAD Al Ma’mourah, KLP Free Zone 3 benefits from proximity to Khalifa Port and direct access to major transport corridors, providing efficient connectivity to regional and international markets.
The transaction comprises the sale of the warehouses together with a land lease under a 50-year Musataha arrangement, for a total value of $80 million (AED295 million), payable over two years, including a $20 million (AED74 million) upfront payment.
Abdullah Al Hameli CEO – Economic Cities & Free Zones AD Ports Group
“The sale of KEZAD Logistics Park – KLP Free Zone 3 to Mair Group reflects AD Ports Group’s disciplined capital recycling strategy and focus on unlocking value from mature assets, while maintaining long-term control of strategically important land through Musataha structures. The sale strengthens the group’s balance sheet and enables the redeployment of capital into new infrastructure and growth opportunities across the Economic Cities and Free Zones portfolio.”
According to the statement, the proceeds of the transaction will be used to de-lever the Group’s balance sheet.
KLP Free Zone 3 spans a total land area of 128,451 square meters, with 59,822 square meters of gross leasable area across four purpose-built blocks designed to support a range of industrial and logistics activities.
As part of the transaction, AD Ports Group will provide interim operational and maintenance support to Mair Group for a period of up to three months under a Transition Services Agreement, ensuring a smooth handover.
