Addleshaw Goddard advises on Dhs530m AlMarkaz logistics asset sale

Owen Richards, partner – corporate finance at Addleshaw Goddard/Image: Supplied

International law firm Addleshaw Goddard has advised Al Waha Land (Waha Land), a wholly owned subsidiary of Waha Capital, on the Dhs530m sale of integrated logistics assets at AlMarkaz Industrial Park in Al Dhafra, Abu Dhabi. The assets, totaling 182,500 sqm of net leasable area within the 6 million sqm industrial park, were acquired by Aldar on 30 June 2025, marking a notable milestone for the UAE’s real estate and logistics sectors.

Developed by Waha Land and benefiting from special economic zone status, AlMarkaz Industrial Park is near full occupancy with a diverse mix of international, regional, and government-related tenants. The site also offers significant development potential, presenting opportunities for future collaboration between Aldar and Waha.

Owen Richards, partner – corporate finance at Addleshaw Goddard, said: “We are delighted to have supported Waha Capital on this landmark transaction. The sale of AlMarkaz Industrial Park assets reflects the strength and scalability of the UAE’s logistics and industrial sectors, which continue to attract significant investment amid the region’s economic diversification efforts. This deal underscores our expertise in advising on high-value, complex transactions in the real estate and logistics sectors across the Middle East.”

The transaction underscores the strategic importance of logistics and industrial real estate in the Middle East, as governments invest in infrastructure and supply chain resilience. The UAE’s position as a logistics hub—driven by its location, world-class facilities, and pro-business policies—continues to fuel investor demand for high-quality industrial assets.

The Addleshaw Goddard team was led by Richards, supported by Rachael Norris, James Whittam, Ryan Shanley (UAE Corporate), Heather Gibson (Tax), Jeremy Scott, Edward Foster (Real Estate), and Philip Chalmers and Maral Nafar (Banking).

The deal further cements Addleshaw Goddard’s standing as a trusted advisor on high-profile real estate and logistics transactions in the MENA region, reflecting its commitment to delivering expert legal and strategic guidance on complex, high-value deals.