{"id":103443,"date":"2025-05-08T00:00:00","date_gmt":"2025-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/arada-acquires-a-unit-of-australian-boutique-construction-player-roberts-co\/"},"modified":"2025-05-08T00:00:00","modified_gmt":"2025-05-08T00:00:00","slug":"arada-acquires-a-unit-of-australian-boutique-construction-player-roberts-co","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/08\/arada-acquires-a-unit-of-australian-boutique-construction-player-roberts-co\/","title":{"rendered":"Arada acquires a unit of Australian boutique construction player Roberts Co"},"content":{"rendered":"

Sharjah-based property developer Arada acquired 100% of the New Sout<\/strong>h Wales <\/strong>arm of<\/strong> Roberts Co<\/a><\/strong> \u2014 a Sydney-based commercial construction company \u2014 as it looks to break ground on its first projects in Australia before year end, according to a statement<\/a>. The acquisition will give it more control and help cut costs when executing its projects in the country, the statement said. <\/p>\n

IN CONTEXT- <\/strong>This is Arada\u2019s first investment in an Australian construction company since it <\/span>set up shop<\/a>in Sydney<\/a> last year. The firm plans to develop residential projects worth AED 6 bn in the city to address housing shortages, with a pipeline of over 2.5k homes this year alone.<\/span><\/p>\n

What we know: <\/strong>While the total value of the transaction was not disclosed, the agreement will see Arada pay an immediate AED 47 mn recapitalization, \u201csecuring the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney,\u201d the statement reads. This is in addition to plans to invest up to AED 235 mn to support Robert Co\u2019s global expansion, including to the UAE. <\/p>\n

No changes in management for now:<\/strong> Robert Co\u2019s Executive Chairman George Kostas will retain his role \u201cto ensure continuity and stability post the transaction,\u201d including through resuming the execution of four major construction projects in Sydney. The company is currently working on two schools, a residential project and a children\u2019s hospital, and is targeting some AED 2.3 bn in annual revenues by 2028. <\/p>\n

About Roberts Co: <\/strong>Founded in 2017, the Sydney-based commercial contractor\u2019s portfolio includes high-profile construction projects<\/a> across the healthcare, education, residential, commercial, hospitality, industrial, life sciences, and defense sectors. <\/p>\n

ALSO IN THE PIPELINE FOR ARADA- <\/strong>The developer recently expressed interest in go<\/a>ing public<\/a> within the next three years, and wants to expand in the region beyond its core Sharjah and Dubai markets, with plans to expand into Ras Al Khaimah, Abu Dhabi, and Saudi Arabia, Alkhoshaibi said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arada expects to kick off sales on its first Australian projects before year-end<\/p>\n","protected":false},"author":1,"featured_media":103444,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[746,1288,514,7,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-arada","tag-arada-developments","tag-australia","tag-enterpriseam-uae","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"48461831-5868-47e0-9b06-9305ef07dda1","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/572.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arada buys New South Wales unit of Australian boutique construction outfit Roberts Co","related_issue":[103433],"teaser":"Arada expects to kick off sales on its first Australian projects before year-end","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.9782d5c9-6aa7-4e90-8494-7912ede7381b.mp3"},"yoast_head":"\nArada acquires a unit of Australian boutique construction player Roberts Co - 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