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Sultan bin Ahmed witnesses Arada’s acquisition of UK’s Regal
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UrduPoint News
Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Arada, has attended the signing of a transaction in London that marks Arada's acquisition of a 75 percent stake in the UK’s Regal, one of London’s leading residential-led mixed-use developers.
This marks Arada’s entry into the UK and second international expansion, aligning with its strategy of growing and diversifying its business geographically.
As part of the transaction, Arada is also committing an initial AED2.5 billion of capital to acquire and invest in the 150-person-strong Regal business, which will become Arada London.
The value of Arada’s projects across both the UAE and Australia amounts to over AED95 billion, featuring over 42,000 units, with over 10,000 of those already delivered.
The scheme is also home to Regal’s second Regal academy, which provides construction skills training and employment pathways to the military community and local people.
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