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As part of the transaction, Arada is also committing an initial AED2.5 billion of capital to acquire and invest in the 150-person-strong Regal business, which will become Arada London. Arada’s acquisition of the company, which has a 30-year track record, will accelerate the delivery of Regal’s existing 10,000-unit residential pipeline over 11 projects, with an ambition to more than triple this over the next three years.
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