Arada acquires 80% stake in London’s Thameside West development in AED12.3 billion deal

📷WAM

Riyadh, November 13, 2025 (Saudi Arabia Breaking News) – H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Chairman of Arada, attended the signing of contracts confirming Arada’s acquisition of 80% of the Thameside West development in London, valued at AED12.3 billion.

The deal covers a 2 million square foot master plan located on the waterfront at the western end of the Royal Docks area. The project will feature at least 5,000 homes, half of which will be surrounded by green space and eco-friendly infrastructure, including a one-kilometre stretch of riverfront.

Sheikh Sultan said the acquisition builds on Arada’s earlier purchase of Regal and reflects the company’s expansion into the UK property market, reinforcing London’s role as a global development and investment hub.

He noted that Arada aims to grow its London portfolio to 30,000 residential units over the next three years, with work already underway to meet delivery targets.

The project is positioned as one of Europe’s largest urban regeneration developments. It includes the longest undeveloped waterfront in central London and benefits from extensive transport links, including proximity to London City Airport, rail, motorway, tunnel and river transport connections, and cable car access.

According to the company, 35% of the homes are planned as affordable units in support of London’s goals to expand accessible housing. Arada expects to submit detailed planning applications in the coming days, with the first construction phase scheduled to begin in 2027 and 1,000 units planned in the initial stage.

With this acquisition, Arada’s UK portfolio will increase to 15,000 homes, supporting its objective to double its development pipeline in the British capital to 30,000 units.