Aldar Properties has acquired UK property developer London Square in a AED 1.07 bn transaction, marking its first acquisition beyond the MENA region, according to a press release. The acquisition comes as part of Aldar’s plans to expand to new global markets.

About London Square: The prominent residential and mixed-use developer works mainly in Greater London with a focus on affordable housing. London Square has successfully delivered more than 3,500 homes to date and currently has some 930 homes under construction, with a total estimated value of GBP 425 mn (USD 540 mn).

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