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UAE property developer Arada Group acquired a 75% stake in British developer Regal for AED 2.5bn ($681mn). The move marks Arada’s second international investment after launching its Australia business last year. More than 50% of the investment will go towards tripling the existing UK pipeline over the next three years. Arada’s CEO said that they will be aggressive and try to capitalise on the opportunity before the market heats up again. The move by Arada follows other UAE developers like Damac, Aldar and Modon, that have also launched development arms for building properties in the UK via subsidiaries or JVs. This comes as part of its strategy to diversify operations. Arada’s CEO added that the company is looking at plans to enter Saudi Arabia and that the move could happen by mid-2026.
Arada’s dollar notes were trading stable with its 7.15% sukuk due 2030 at 102.1, yielding 6.6%.
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