Abu Dhabi – Mubasher: MAIR Group has entered into an agreement with Abu Dhabi Ports Company (AD Ports) to acquire KEZAD Logistics Park – KLP Free Zone 3 (FZ3) for AED 295 million, according to a press release.
It is a logistics group of warehouses, executed through its wholly owned subsidiary, Makani Real Estate.
Located within KEZAD Al Ma’mourah, KLP Free Zone 3 benefits from proximity to Khalifa Port and direct access to major transport corridors, providing efficient connectivity to regional and international markets.
The transaction comprises the acquisition of the warehouses together with a land lease under an extendable 50-year Musataha arrangement.
Meanwhile, the transaction’s value is payable over a two-year period, including an upfront payment of AED 74 million.
KLP Free Zone 3 spans a total land area of 128,451 square meters, of which 59,822 square meters designed to support a range of industrial and logistics activities.
Nehayan Hamad Alameri, Managing Director and CEO of MAIR Group, commented: “The transaction reflects MAIR Group’s disciplined approach to portfolio expansion through selective investments in income-generating commercial real estate assets. It reinforces Makani Real Estate’s role within the Group and aligns with our focus on long-term shareholders’ value.”
Abdullah Al Hameli, CEO of Economic Cities & Free Zones, AD Ports Group, said: “The sale strengthens our balance sheet and enables the redeployment of capital into new infrastructure and growth opportunities across our Economic Cities and Free Zones portfolio.”
In the first nine months (9M) of 2025, MAIR Group logged 32.40% lower net profits at AED 105.90 million, compared to AED 156.74 million in 9M-24.
