Dubai based developer Arada has acquired a 75% stake in leading London residential specialist Regal.

Arada is committing an initial £500m of capital to acquire and invest in Regal to accelerate and grow delivery of its residential-led pipeline in London over the next two years.

Regal – which will now become Arada London – has a 30-year track record in the capital with a current 10,000-unit residential pipeline which is now expected to triple this over the next three years.

Regal’s 150-strong team has built over 4,000 residential units, and 1 million sq ft of commercial space using a fully integrated model that spans the lifecycle of an asset from land assembly, planning, stakeholder engagement and construction, to sales, marketing, customer care and asset management.

Projects under construction include Fulton & Fifth in Wembley, a mixed-use residential-led development comprising 876 homes, 40% of which will be affordable.

The scheme is also home to Regal’s second Regal Academy, which provides construction skills training and employment pathways to the military community and local people.

Arada’s projects across the UAE and Australia total over £19bn, featuring over 42,000 units, with over 10,000 of those already delivered.

His Highness Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “London is one of the world’s leading cities, and our expansion into this market represents a strategic step for Arada in response to the strong demand for residential space.

“This investment provides a significant opportunity to accelerate the delivery of new residential assets in London, fully aligned with Arada’s long-term strategy to develop high-quality projects that enable people to live healthier and more prosperous lives.”

Ahmed Alkhoshaibi, Group Chief Executive of Arada, said: “We have been impressed by the platform the Regal team has built, as well as the inspirational schemes they are delivering, which reflect our own, long-term focus on experience, amenity and the customer.

“Leveraging Arada’s extensive design and placemaking capabilities, delivery track record and capital resources, we are well placed to support Regal’s evolution and unlock new opportunities for growth.”

Jonathan Seal, Chief Executive of Regal, added: “With nearly 30 years of successful partnerships behind us, Regal has built a reputation for aligning with businesses that share our long-term vision and deep understanding of the real estate industry.

“It is in this spirit that we have carefully chosen Arada as our partner, a business that shares our values and confidence in the London residential market and our management team’s ambition to continue growing market share and shaping the London skyline.”