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Aldar Expands Industrial Portfolio with AED650 Million KEZAD Acquisition

Prime Highlights 

  • The three warehouses are 97% occupied by 80 tenants, with anchor names including DHL, Spinneys, and Noatum Logistics.   
  • The deal pushes Aldar’s industrial and logistics portfolio beyond 700,000 sq m, with a pipeline exceeding 1.5 million sq m.   

Key Facts 

  • Aldar is a leading Abu Dhabi-based real estate developer and asset manager with over AED49 billion in assets under management.  
  • KEZAD is Abu Dhabi’s largest integrated industrial and economic zone, located within 10 km of Khalifa Port with direct highway and rail access.  

Background 

Aldar is set to purchase an industrial and logistics portfolio from KEZAD Group, which is owned by the AD Ports Group, for $176.99 million (AED650 million) to include 163,000 sq m of income-producing space in its portfolio. 

The portfolio includes three specially-designed, multi-tenant warehouses located at KEZAD’s Al Ma’mourah cluster. The assets are 97% occupied by 80 tenants across food and beverage, FMCG, logistics, manufacturing, and technology services. DHL, Spinneys, and Noatum are among the anchor tenants. Logistics. Aldar will take over asset management, leasing, and property management of all three properties. 

Aldar Investment CEO Jassem Saleh Busaibe said the acquisition reflects strong confidence in Abu Dhabi’s long-term economic fundamentals, describing KEZAD as one of the most strategically significant logistics destinations in the region. He added that the quality of the tenant base and income profile speaks for itself. 

AD Ports Group CEO Abdullah Al Hameli said the sale reinforces their asset monetisation model, allowing capital to be redeployed into high-return growth opportunities while continuing to strengthen the group’s balance sheet. He noted it marks the second transaction with Aldar in under a year. 

The acquisition follows Aldar’s earlier purchase of the Noon and Emtelle warehouses at KEZAD in late 2025. It pushes Aldar’s total industrial and logistics portfolio beyond 700,000 sq m, with a pipeline exceeding 1.5 million sq m of leasable area. 

KEZAD connects directly to Khalifa Port, which lies 10 kilometers away and provides access to both major highways and Etihad Rail freight services, making it the most extensive industrial and economic zone in Abu Dhabi.