Thursday , January 24 2019

Aldar buys Abu Dhabi office tower for AED658 million

Aldar completes acquisition of AED658mn International Tower copy


Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, has comp- leted the acquisition of International Tower, a high-quality office tower located in Capital Gate district of Abu Dhabi for AED658 million. International Tower comprises 39,000 sqm NLA of Grade A commercial space and will immediately contribute to Aldar’s net operating income supported by a strong mix of existing tenants and robust occupancy.
The asset will complement Aldar’s existing AED 18 billion asset management portfolio of high-quality real estate assets.
The Capital Gate district is home to a vibrant combination of private and public sector organisations, as well as a range of hospitality outlets and the Abu Dhabi National Exhibition Centre. International Tower is located at the heart of this business hub, so is well positioned to attract a high-quality mix of tenants. Key anchor tenants
include Abu Dhabi Systems & Information Centre, AECOM, Wood Group, McKinsey & Company and BAE Systems.

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