IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Commercial Property

Aldar has finalised a deal with AD Ports Group to acquire two institutional-grade logistics assets in KEZAD for AED 570 million. The transaction significantly expands Aldar’s industrial and logistics footprint across the UAE. The acquired Grade A facilities are fully leased to Noon and Emtelle. The assets benefit from direct connectivity to Khalifa Port and Etihad Rail. This acquisition aligns with Aldar’s strategy to scale its recurring income platform.
Al Khozama Investment Company has partnered with Yardi to manage its commercial real estate portfolio, including Riyadh’s Al Faisaliah Tower, in a move aligned with Saudi Vision 2030’s digital transformation goals.
Growthpoint Properties has confirmed that Estienne de Klerk will succeed Norbert Sasse as Group CEO in July 2026, with José Snyders appointed as Group CFO from January 2026, in a planned leadership transition at South Africa’s largest listed property group.
BlackRock is set to expand its private real estate business with a deal to acquire US-based net-lease specialist ElmTree Funds, bringing $7.3 billion in assets under its wing.

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