Aldar Properties (“Aldar”) has acquired Basatin Landscaping (Basatin) as part of a drive to scale up its integrated property and facilities management platform -- Aldar Estates. Valued at Dh 150 million, through this transaction Aldar will hold 75% stakes in Basatin with the remaining 25% will be held by a strategic partner.
The transaction complements the services already provided through Aldar Estates platform, which is a key operating segment under Aldar Investment business. The platform has been expanding rapidly, supported by solid organic growth and a number of acquisitions over the last year. This transaction adds significant weight to the capabilities of Aldar Estates. It enables it to provide a more holistic range of services to Aldar’s growing customer base.
Basatin is a provider of a wide range of landscaping services including design, installation, paving, gardening, and green waste disposal. With over 1,000 employees, the company has provided landscaping servi...