Aldar acquires AED 2.3b RE property: the advisors
Baker McKenzie assisted Aldar, an Abu Dhabi-based real estate developer, in the acquisition of an AED 2.3 billion commercial office and retail tower from H&H Development. The tower is in the Dubai International Financial Centre (DIFC), and is planned to be operational in 2028.
The transaction represents one of the largest commercial tower acquisitions registered in the DIFC. The acquisition reflects Aldar’s commitment to scaling its grade A commercial portfolio.
The team
The Baker McKenzie team was led by partner and co-head of real estate and hospitality in the Middle East Keri Watkins (pictured). It also included senior associates Jack McCaw and Amir Ali, associate Jana Al-Afoo and senior associate Andrew Hope.