Monday , January 22 2018

Aldar buys Abu Dhabi office tower for AED658 million

Aldar completes acquisition of AED658mn International Tower copy

ABU DHABI / WAM

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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