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2h ago

Arada Buys 75% of London’s Regal, Plans to Triple Housing Pipeline

The Sharjah-based company plans a major cash infusion to accelerate Regal’s delivery, signaling a wider international push.

Development in London has stalled over the past two years, but Arada says “the time is right” to expand in the capital
Sharjah developer Arada has acquired UK developer Regal, which has a number of projects in London. Photo: Arada
Sultan bin Ahmed witnesses Arada’s acquisition of UK’s Regal
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Overview

  • Arada acquired a 75% stake in Regal, which The Times reports cost about £230 million, with founders Simon De Friend and Paul Eden and the existing management staying on.
  • The developer plans a large capital injection to scale Regal’s output to roughly 30,000 homes within three years from about 10,000 today, reported as £270 million by The Times or an initial AED2.5 billion ($680 million) by other outlets.
  • Arada says it will fund the London expansion with its own equity, and the Regal business will be rebranded as Arada London.
  • Chief executive Ahmed Alkhoshaibi describes the move as a buy-in during weak market sentiment to secure sites and capacity at more attractive prices.
  • Beyond London, Arada is in talks with Saudi Arabia’s Public Investment Fund on potential large mixed-use projects and plans a Ras Al Khaimah launch next year after previously announcing ventures in Sydney.