"House" It acquires logistical origins from "Oasis Capital" 530 million dirhams

Abu Dhabi on July 1/ WAM/ Al -Dar Group announced today its acquisition of a group of high -quality logistical real estate assets from the “Oasis Capital” company, at a value of 530 million dirhams.

The deal includes specialized warehouses and real estate that supports the sectors of light industries, all of which are within the “Center” industrial complex, one of the most integrated projects in the Al Dhafra area in Abu Dhabi to add to the “Al -Dar Investment” portfolio of a purely rental area of ​​182,500 square meters of income -generated logistical assets.

These real estate assets, available in the “Free Ownership” system, are distributed within the “Industrial Center” complex, which extends over an area of ​​6 million square meters, and was developed by the company “Oasis Land”, which is fully owned by “Oasis Capital”.

The “Center” complex is one of the special economic areas in the UAE, which gives its tenants many advantages and facilities, and with the availability of additional development capabilities within this complex, this deal opens promising horizons for both the house and the oasis Capital to explore more opportunities for future cooperation.

The “Center” has an advanced infrastructure, taking advantage of the accelerated demand for the logistical spaces paid with a number of major factors, such as the prosperity of regional trade movement and the steady growth in the e -commerce sector, as well as the continuous increase in the population.

The real estate assets acquired by the house are characterized by its flexible architectural design, which allows tenants wide options of spaces and units diverse in size and rise, providing exceptional flexibility that meets various operational needs.

These assets have almost complete occupancy rates, and a diverse rule that includes tenants from major international and regional companies and government agencies.

This deal is a qualitative addition to the growing group of the group of logistical assets, which also includes the “Abu Dhabi Business Forum” and “7 Central Logisx” at the Dubai Investment Complex, in addition to the expected strategic assets in the National Industries Complex in Jabal Ali and other sites in the Dubai South region.

The deal is strengthened by the growing house portfolio in the logistical sector in the UAE, bringing its leased total area to more than 600,000 square meters, including operational assets and projects under construction and development.

Jassim Saleh Boussaba, CEO of Al -Dar Investment Company, said that this step is consistent with the company’s strategy to diversify the sources of income and the development of revenue assets, noting that the demand for high -quality industrial spaces in Abu Dhabi and Dubai is witnessing an accelerated growth.

For his part, Mohamed Hussein Al -Nuwais, Director of the Department at Al -Waha Capital, pointed out that the company’s support for the “Center” project contributed to converting it into a logistical and industrial pillar in Abu Dhabi, stressing that this deal reflects the quality of assets and the capabilities of future expansion, and its contribution to supporting the economic diversity of the emirate.

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