UAE - Mubasher: Dubai-based master developer Arada has completed the acquisition of a 75% stake in Regal, one of London’s leading residential-led mixed use developers, according to a press release.
Arada has also committed an initial GBP 500 million of capital to acquire and invest in the 150-strong Regal business, marking its entry into the UK and second international expansion following entry into Australia in 2024.
The company plans to accelerate and grow the delivery of its residential-led pipeline in London over the next two years.
In line with its strategy of growing and diversifying its business geographically, the acquisition of Regal enables Arada to deliver its operations at speed and scale.
Over its eight-year history, Arada has launched 10 successful projects across the UAE, including some of the country’s largest mixed-use megaprojects.
The value of Arada’s projects across both the UAE and Australia amounts to over GBP 19 billion, featuring over 42,000 units, with over 10,000 of those already delivered.
Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “This investment provides a significant opportunity to accelerate the delivery of new residential assets in London, fully aligned with Arada’s long-term strategy to develop high-quality projects that enable people to live healthier and more prosperous lives.”
Ahmed Alkhoshaibi, Group CEO of Arada, commented: “Leveraging Arada’s extensive design and placemaking capabilities, delivery track record and capital resources, we are well placed to support Regal’s evolution and unlock new opportunities for growth.”
It is worth highlighting that Rothschild & Co acted as the sole financial and strategic adviser to Regal.