Arada has completed the acquisition of NSW construction firm Roberts Co
United Arab Emirates-based developer Arada has acquired the New South Wales arm of Roberts Co, a tier-one commercial construction company.
The acquisition includes an immediate $20 million recapitalisation of Roberts Co (NSW) Pty Ltd by Arada, retaining 120 direct employees.
Looking ahead, Arada says it plans to invest up to $100 million to expand Roberts Co into new markets, starting with the UAE. This strategic expansion is designed to leverage Roberts Co’s tier-one construction expertise across a broader geography, with the goal of building a global presence and targeting annual revenues of $1 billion by 2028.
This acquisition also strengthens Arada’s ability to deliver new residential communities in Australia.
Roberts Co will continue to progress the delivery of Carlingford West Public School, the Cumberland High School, the Children’s Hospital at Westmead and the HOME Parramatta Build to Rent (BTR) development.
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As part of the transition, executive chairman George Kostas, managing director Emma Shipley and NSW state director Damian Vella will remain in their roles.
“This acquisition reflects our strong belief in Roberts Co’s people, projects, and performance,” Arada group CEO Ahmed Alkhoshaibi says.
“We will now invest significantly into the company in order to bring it to new markets and sectors, starting with the UAE. Together, we bring a shared vision for high-quality, community-focused development and in a market where construction delays are a major concern for buyers, this move provides a clear advantage, offering greater assurance around quality, reliability and project completion.
“Just as importantly, the acquisition also guarantees the continued delivery of vital infrastructure like hospitals and schools – the kind of facilities that truly shape and support thriving communities.”
Founded in 2017 with a mission to “build a better way”, Roberts Co has delivered some of New South Wales’ most important recent construction projects, including Liverpool Hospital, Concord Hospital, the North Shore Health Hub, Zurich Tower and the Moxy Sydney Airport Hotel.