“Aldar” and “Mubadala” acquire “The Link” for 654 million dirhams

Aldar Group and Mubadala Investment Company announced their acquisition of The Link project in Masdar City, as part of a strategic deal worth 654 million dirhams, in a step that reflects the acceleration of the pace of qualitative investment in sustainable assets.

The Link project extends over a total area of ​​approximately 32,000 square meters of leasable space, distributed over five buildings, and is fully leased to international institutions and destinations that contribute to shaping the features of the future economy.

The project includes “first-class” office space that holds the Leadership in Energy and Environmental Design (LEED) platinum certification, in addition to a main building designed to achieve zero emissions, as well as a multi-use hall and residential facilities.

Dr. Bakhit Al Kathiri, CEO of the UAE Investment Sector at Mubadala Investment Company, said that this acquisition embodies the solid conviction in the solidity of the sustainable growth path in the Emirate of Abu Dhabi, and at the same time reflects the flexibility of its economy based on innovation, noting that the partnership with Aldar Properties continues to advance efforts to expand the qualitative asset base within Masdar City.

For his part, Aldar Group CEO, Talal Al Dhiyebi, said that the acquisition of “The Link” represents a new turning point in the path of the strategic partnership with Mubadala, and reflects a firm belief in the foundations of the future growth of the Abu Dhabi real estate market, pointing out that this high-quality, fully leased asset contributes to enhancing the strength of the investment portfolio and expanding its scope, in addition to consolidating the group’s presence in one of the most prominent models of sustainable urban development in the world, based on clean energy, advanced technology, and scientific research.

For his part, CEO of Masdar City, Ahmed Baqhoum, stressed that “The Link” project constitutes a strategic addition to the advanced innovation system in Masdar City, and demonstrates the pivotal role of sustainable development in stimulating economic growth and empowering sectors of the future.