The Al Tamimi & Company team is pleased to have advised Peninsula Real Estate Management Limited (Peninsula) on its landmark AED 555 million purchase of 17 income-generating warehouse assets situated on five plots.  

Peninsula, a real estate investment company incorporated in Abu Dhabi Global Market, purchased the asset from Waha Land, a wholly owned subsidiary of Waha Capital PJSC. The warehouses are located in ALMARKAZ Industrial Development, Abu Dhabi, and the AED 555 million all-cash transaction is expected to close by the end of 2022, subject to regulatory approvals and conditions agreed by the two parties.

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