Aldar has acquired three warehouses in KEZAD Logistics Park (KLP) in Abu Dhabi for $177 million (AED 650 million).
The transaction comprises three purpose-built, multi-let warehouses within KEZAD’s Al Ma’mourah cluster.
The assets are 97 percent occupied with a diverse base of 80 tenants spanning food and beverage, FMCG, logistics, manufacturing, and technology services, with anchor tenants including DHL, Spinneys, and Noatum Logistics.
According to the statement, Aldar will assume responsibility for asset management, leasing, and property management of the assets.
Jassem Saleh Busaibe CEO – Aldar Investment
“This acquisition reflects our confidence in Abu Dhabi’s long-term economic fundamentals and the structural drivers underpinning demand for quality real estate across the emirate. KEZAD is one of the most strategically significant logistics destinations in the region, and the quality of the tenant base and income profile of these assets speaks for itself. We are building an industrial and logistics platform with real scale, institutional rigour, and flexibility to serve a wide spectrum of occupiers. This transaction is a significant step in that journey, and we look forward to continuing to work with AD Ports Group as we grow our presence across the zone.”
Abdullah Al Hameli, CEO, Economic Cities & Free Zones Cluster – AD Ports Group, said that, “The successful sale of the three KEZAD Logistics Park warehouses to Aldar reinforces the strength of our asset monetization model, which enables us to unlock capital at scale and redeploy it with discipline into high-return growth opportunities, including the expansion of our warehouse infrastructure, while continuing to de-leverage the Group’s balance sheet.”
“As our second transaction with Aldar in less than a year, this milestone reflects sustained investor confidence in KEZAD’s world-class industrial ecosystem, and the strength and resilience of Abu Dhabi’s industrial and logistics real estate market,” Al Hameli added.
According to the statement, the transaction, comprising three warehouses with a total leasable area of 161,000m2, represents the second warehouse asset sale between the two companies, following Aldar’s acquisition of two built-to-suit warehouses from AD Ports Group in November 2025 for a total consideration of $155 million (AED 570 million).
