A multibillion-dollar property colossus of the Gulf is stalking some of Britain’s largest quoted real estate developers, The Times.
Aldar, Abu Dhabi’s biggest property company, is understood to be running the rule over the big three FTSE 100 property developers: Hammerson, Land Securities and British Land. City analysts and property sources said that Hammerson was the most likely fit for Aldar, whose chief executive is looking for exposure in the more mature property markets of the UK and France.
Aldar owns property assets valued at about £6bn in the United Arab Emirates, North Africa, the Middle East and Singapore.
Hammerson has £7.3bn of property of which £1.9bn is in France and the bulk of the rest is in Britain.