The move is aimed at accelerating growth, diversifying revenue streams, unlocking synergies, and driving cross-selling opportunities.

By exporting its expertise to the UK market through the acquisition of an established and reputable operating platform, Aldar aims to gain a foothold in the London property market.

Aldar intends to leverage its expertise and balance sheet to support London Square’s land acquisition strategy to enable it to develop larger and prime sites in central London. 

Talal Al Dhiyebi, group CEO at Aldar, commented: “Our recently announced international expansion strategy centres on exploring opportunities to acquire or partner with established operating platforms in our target markets.

“The acquisition of London Square represents our first market entry outside of the region, and is a testament to the company’s management team, governance framework, and business model which has consistently delivered strong performance.

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“The transaction gives us the ability to leverage our mutual strengths, shared values, and common approach to homebuilding to scale London Square while bringing the best of Aldar to bear in the UK’s property market, as we continue to build our foothold outside of the region.” 

Adam Lawrence, founder and CEO at London Square (pictured above), said: "This is an outstanding outcome for London Square.

“Aldar is an exemplary company with an unrivalled reputation and their strength and breadth of knowledge and experience will enable London Square to flourish and extend its presence across Greater London and the Southeast. 

“Since establishing London Square in 2010, the company has enjoyed significant organic growth, with the support of Ares Management funds for the past nine years.

“Becoming part of Aldar is the beginning of an exciting new chapter for the future of London Square.

“We look forward to playing a leading role in tackling the housing shortage by providing more much-needed homes in the capital and surrounding areas where there is a continuing lack of supply.”