Aldar completes AED 650 million acquisition of industrial and logistics portfolio in Kizad
Aldar’s Kizad acquisition adds 163,000 sqm of industrial and logistics space to its income-generating platform, strengthening its presence in Abu Dhabi’s logistics hub.
Aldar has completed the acquisition of a modern industrial and logistics portfolio in Khalifa Economic Zones Abu Dhabi (Kizad) for AED 650 million, adding 163,000 square metres of income-producing space to its growing platform. The deal brings three high-spec logistics warehouses into Aldar’s portfolio and is presented as a strategic step to deepen the group’s industrial and logistics footprint in Abu Dhabi. The acquisition follows Aldar’s earlier purchases in Kizad and raises its industrial and logistics holdings to more than 700,000 square metres.
Deal terms and price
Aldar paid AED 650 million for the portfolio in a direct purchase from Khalifa Economic Zones Abu Dhabi, a division of AD Ports Group. The consideration covers three developed warehouses located within the Maamoura area of Kizad. Company statements indicate the transaction was structured to transfer operational control and asset management to Aldar as part of the handover.
The price reflects the assets’ income-generating profile and strategic location close to Khalifa Port. Market observers expect the transaction to be accounted for as an accretive addition to Aldar’s rental platform given the portfolio’s near-full occupancy and established tenant base.
Assets acquired total 163,000 square metres and three logistics warehouses
The portfolio comprises three logistics warehouses constructed to high specifications and designed for multi-tenant occupation. Together the buildings total approximately 163,000 square metres of modern industrial and logistics floorspace. The assets sit within an established industrial cluster in Kizad, a zone that supports integrated port-to-yard connectivity.
Aldar will now manage the properties, taking on leasing, facilities management and operational oversight. The company’s immediate remit includes stabilising operations, preserving high occupancy and applying its institutional asset-management practices to improve long-term performance.
Tenant mix supports 97 percent occupancy and steady income
The acquired assets show an occupancy rate of roughly 97 percent and a diversified tenant roster of about 80 occupiers. Tenants span food and beverage, fast-moving consumer goods, logistics service providers, light manufacturing and technology support services. Major names within the tenant mix include DHL and Spinneys alongside regional logistics operators.
High occupancy and a broad tenant base offer predictable rental cash flows and reduce single-tenant concentration risk. Aldar highlighted the stable operating profile of the assets as a key justification for the acquisition and expects the portfolio to contribute recurring income to its investment platform.
Operational control and asset management to be handled by Aldar
Aldar has assumed full responsibility for leasing and facilities management across the acquired warehouses, enabling the group to implement its service standards. The company said it will focus on operational efficiency, preventive maintenance and tenant retention as priorities. These measures are intended to preserve yield and support valuation over time.
Bringing the assets into Aldar’s management fold also allows the group to package them with existing holdings for integrated leasing strategies and tenant solutions. Aldar’s institutional platform is expected to leverage economies of scale across property services, procurement and digital asset management tools.
Strategic fit within Aldar’s expanding industrial and logistics platform
The transaction expands Aldar’s industrial and logistics portfolio to more than 700,000 square metres and complements a development pipeline with over 1.5 million square metres of lettable area under construction. The company’s wider income-generating real estate platform now manages assets valued at over AED 49 billion, according to its disclosures. Aldar also noted the addition supports its “develop-to-hold” pipeline valued at AED 20.1 billion, scheduled for delivery over the coming four years.
Aldar described the acquisition as part of a deliberate strategy to build scale in logistics and industrial real estate, responding to structural demand for high-quality facilities near port and transport nodes. Executives said the company will continue to evaluate opportunities to expand the platform through both direct purchases and selective developments.
AD Ports highlights capital recycling and balance sheet strength
AD Ports Group framed the sale as an example of capital recycling that unlocks value from operational assets. The group’s economic zones and free zones division said monetising select logistics stock enables redeployment of capital into higher-return growth projects, including expanded warehousing infrastructure and broader zone development. AD Ports reiterated that the transaction is the second portfolio sale to Aldar in less than a year, reflecting investor confidence in the Kizad masterplan.
Representatives emphasised that the divestment supports AD Ports’ balance sheet flexibility while maintaining close collaboration with strategic partners to enhance zone offerings. The group noted that continued engagement with institutional investors will be central to its asset optimisation strategy.
Kizad location and connectivity underpin strategic value
Kizad lies roughly 10 kilometres from Khalifa Port and benefits from direct connections to the E11 and E311 highways as well as freight services from Etihad Rail. That connectivity positions the zone as one of Abu Dhabi’s principal integrated industrial and logistics corridors and a gateway for regional trade. The proximity to port, road and rail infrastructure is a recurring rationale cited by both sellers and buyers for premium valuations in Kizad.
Investors say Kizad’s multimodal access, regulatory framework and tenant mix support long-term demand for modern warehousing and light industrial space across sectors such as e-commerce, cold chain and third-party logistics.
The acquisition reinforces Aldar’s strategy of growing an institutional-grade industrial and logistics platform in Abu Dhabi while enabling AD Ports to redeploy capital into targeted infrastructure expansions and zone development. The deal is expected to strengthen the depth of high-quality warehousing supply in Kizad and support continued investor interest in the emirate’s logistics real estate market.
