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Emirates News Agency – Aldar announces acquisition of Basatin


ABU DHABI, 29th May, 2023 (WAM) — Aldar Properties has acquired Basatin Landscaping, as part of further expansion and expansion of its integrated property and facilities management platform, Aldar Estates.

Through the deal, worth AED 150 million, Aldar will hold a 75% majority stake in Basatin, with the remaining 25% held by strategic partners.

Basatin is a provider of a wide range of landscaping services including design, installation, paving, gardening and green waste disposal.

The transaction complements services already provided through the Aldar Estates platform, a key operating unit of the Aldar Investment business. The platform has been expanding rapidly, backed by solid organic growth and a string of acquisitions in the last year.

The transaction significantly strengthens Aldar Estates’ capabilities, allowing it to provide a more comprehensive service to Aldar’s growing client base.

Aldar Estates brings together a range of service providers, including property management company Provis, real estate services company Asteco, facilities management company Khidmah, green building promoter Pactive Sustainable Solutions and security services provider Spark Security.

Commenting on the acquisition, Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment, said: “Our investment business continues to grow rapidly and scaling on our Aldar Estates platform is an integral part of our strategic growth agenda. Adding new assets to the platform The complementary service is very important because we are building a product that is becoming a one-stop shop for customers.

We will continue to explore opportunities to further expand Aldar Estates’ capabilities to better serve Aldar’s residential communities and assets under management, as well as the many clients we serve in the region. “

The UAE landscaping market continues to grow strongly, benefiting from positive demographic trends in the country and the construction of several ambitious mega-projects.

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