Clifford Chance with Aldar on joint venture with Mubadala
Clifford Chance advised Aldar in connection with the company’s joint venture with Mubadala, set to create a retail platform valued at approximately AED 10 billion (USD 2.72 billion).
The new platform comprises of 260,000 sqm in gross leasable area, consolidating two retail destinations in Abu Dhabi — Yas Mall, contributed by Aldar, and The Galleria Luxury Collection, contributed by Mubadala — under a single structure to be managed by Aldar.
The Clifford Chance team
UAE-based regional managing partner for Middle East & Türkiye Mohammed Al-Shukairy (pictured left) and legal director Gareth Dray (pictured right) led the Clifford Chance team on the matter.
Moreover, a cross‑practice Clifford Chance team worked on the joint venture, including senior associate Kimberly Ng (UAE), senior associate Ismaila Ngum (UAE), associate Melanie Ray (Associate, UAE), associate Nabeela Afifi (UAE) and trainee Nasser Seif (UAE) from the corporate M&A team.
Partner Tariq Imam (UAE) led on real estate matters, with support from senior associate Nick Chan (UAE), senior associate Sher Khan (UAE) and associate Johnson Cortelek (UAE). Counsel Sabra Ferhat (UAE) and associate Mehran Azzam (UAE) assisted on anti-trust aspects. Partners David Saleh and Edward Page, as well as directors Simon Corzberg and Gordon Hopkinson worked on tax matters.
