UAE’s Arada buys 80% stake in GBP2.5 bil Thameside West development in London

Artist’s impression of Thameside West (Photo: Arada)
Artist’s impression of Thameside West (Photo: Arada)
UAE real estate development firm Arada has announced the acquisition of an 80% stake in Thameside West, a waterfront mixed-use development located at the western end of London’s Royal Docks. The stake is being purchased from private developer Keystone.
The purchase is Arada’s second large-scale investment in the London residential market in less than two months. In September, it announced the acquisition of a 75% stake in London developer Regal. “Our entry into this market was grounded in our unwavering faith in London and its attractiveness as one of the world’s leading capital cities,” says Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada.
Spanning 47 acres, Thameside West has a gross development value of GBP2.5 billion ($4.28 billion). Fronting the River Thames, the project is expected to deliver at least 5,000 homes. Construction of the first stage is set to begin in 2027 and will deliver 1,000 homes. The project was master-planned by the notable architecture firm Foster + Partners, which also designed London’s Gherkin building.
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