Aldar to acquire Etihad properties for Dh1.2b:
Aldar Investments announced on Wednesday it will be acquiring full ownership of Etihad Plaza and Etihad Airways Centre from Abu Dhabi’s Etihad Group for Dh1.2 billion.
The transaction is expected to complete in the second quarter of this year, and will come in exchange for transfer of full ownership of Etihad Headquarters to Etihad Airways. The three buildings were previously held in 50/50 joint ventures between Aldar and Etihad.
As part of the transaction, Aldar Investments, a subsidiary under the publicly-listed Aldar Properties, will assume existing debt within the Etihad Plaza and Etihad Airways Centre.
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