Dubai-based developer Emaar Properties has signed a share purchase agreement with Singapore’s Wheelock Properties to acquire its UK-based subsidiary Hamptons International.

The all-cash deal is worth AED 562.5 million ($154 million). Hamptons, a real estate and property management consultant, sells, lets and manages more than 15,000 properties annually.

The transaction will cover all the firm’s UK offices, as well as joint ventures with CB Richard Ellis Hamptons International in the UK and Hamptons International Oman.

Emaar will now seek the deal’s go ahead from the UK regulator, the Financial Services Authority. The move is the UAE giant’s latest in an accelerating international expansion, which also saw it recently acquire John Laing Homes, the US’ second largest private home builder (MEED 9:6:06).