Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) has sold three warehouses in KEZAD Logistics Park (KLP), spanning 161,000 squares meters in Abu Dhabi, to Aldar Properties at an amount of AED 650 million ($177 million).
The sale deal comes as part of the group’s strategy to monetize real estate assets to reinvest in the group and enhance shareholder value, according to a press release.
AD Ports highlighted that the proceeds, representing 65% of the minimum AED 1 billion target value from additional asset monetization transactions set for 2026, will be used to continue to de-leverage the group’s balance sheet and fund part of this year’s growth projects.
This marks the second warehouse asset sale between the two companies, following Aldar’s acquisition of two built-to-suit warehouses in November 2025 for a total consideration of AED 570 million.
It also marks AD Ports’ second deal in line with its asset optimization program, following the sale of KEZAD Logistics Park-KLP Free Zone 3 to Mair Group for AED 295 million ($80.40 million).
Abdullah Al Hameli, CEO of Economic Cities and Free Zones Cluster at AD Ports, commented: “The successful sale of the three KEZAD Logistics Park warehouses to Aldar reinforces the strength of our asset monetization model, which enables us to unlock capital at scale and redeploy it with discipline into high-return growth opportunities, including the expansion of our warehouse infrastructure, while continuing to de-leverage the Group’s balance sheet.”
CEO of Aldar Investment, Jassem Saleh Busaibe, said: "We are building an industrial and logistics platform with real scale, institutional rigour, and flexibility to serve a wide spectrum of occupiers. This transaction is a significant step in that journey, and we look forward to continuing to work with AD Ports Group as we grow our presence across the zone."
Aldar recently joined forces with Mubadala Investment Company to take over The Link at Masdar City in a deal valued at AED 654 million.
