MAIR Group PJSC has confirmed an agreement to purchase a major industrial and logistics facility from AD Ports Group. The acquisition of KEZAD Logistics Park – KLP Free Zone 3 (FZ3) was carried out via Makani Real Estate, which is a wholly owned subsidiary of the Group.

The deal is valued at AED 295 million and will be settled over a two-year timeframe. This includes an initial upfront payment of AED 74 million. As part of the transaction, the Group has secured the warehouses along with a land lease under a 50-year Musataha arrangement, which can be extended in the future.

Located in KEZAD Al Ma’mourah, the site offers strategic links to Khalifa Port and major transport networks. The facility covers a total land area of 128,451 square metres. It features a gross leasable area of 59,822 square metres, split across four specialised blocks intended for industrial and logistics use.

Nehayan Hamad Alameri, Managing Director and Group CEO, MAIR Group, commented: “The transaction reflects MAIR Group’s disciplined approach to portfolio expansion through selective investments in income-generating commercial real estate assets. It reinforces Makani Real Estate’s role within the Group and aligns with our focus on long-term shareholders’ value.”

MAIR Group is an Abu Dhabi-listed investment firm that concentrates on grocery retail and commercial property. This latest move is intended to grow the footprint of Makani Real Estate and secure stable, long-term income for the Group. By acquiring assets near international trade hubs, the firm aims to capitalise on the rising demand for logistics space in the region.

The acquisition marks a significant step in the Group’s stated expansion strategy. It highlights the continued interest in the industrial sector within the UAE as firms seek to improve their regional connectivity and supply chain capabilities.