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Evening Standard

Business

Jonathan Prynn

London housebuilder Regal snapped up by UAE developer in £500m deal

Regal Arada London UAE Sharjah Aldar

A CGI image of Regal’s Orchard Wharf development in Tower Hamlets - (Regal london)

A major Gulf property developer today made a dramatic entry into the struggling London housebuilding market as it pledged to build 30,000 homes in the capital.

UAE based Arada snapped up a 75% stake in London housebuilder Regal London in a £500 million deal that will make it one of London’s biggest residential developers.

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