2002 – UPDC acquires The Durbar Hotel, Festac

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2002 – UPDC acquires The Durbar Hotel, Festac

by admin-updc on July 29, 2002
2002 – UPDC acquires The Durbar Hotel, Festac
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UPDC embarked on the bold acquisition of the 942 room Durbar Hotel in Festac Amuwo-Odofin from the Federal Government. The landmark property is synonymous with the Festival of Arts and Crafts (Festac ’77) celebrations in Lagos in 1977. UPDC converted one block of the property into the 471 room Festival Hotel (formerly Golden Tulip, Festac), and the second block into 196 units of 1 and 2 bedroom apartments now known as The Residences, Festac.

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Pinnock Prime Estate is a site and service scheme located at Lekki Peninsular II next to our existing Pinnock Beach Estate. It is envisioned to become a sought-after development and estate of choice within the area creating a new benchmark for suburban living and a prime, secure, and close- knit enclave, setting the standards for premium quality homes.

The Estate is on an expanse of 1.47 hectares land measuring sub-divided into 18 fully serviced site and service plots each measuring between approximately 500sqm to 1000sqm.

The 18 plots will be allocated and priced as follows:

High Density Plots - 5 plots (allowance of up to 5 - 7 dwelling units per plot)

Low Density Plots - 13 plots (allowance of up to 2 dwelling units per plot)

Pinnock Prime Estate offers buyers an opportunity to buy and develop their own units on the plots in the form of detached and semi-detached houses, terraces, and apartments, etc. in line with approved building guidelines.

Estate Facilities

Recreational facilities in the estate are designed to be an embodiment of lifestyle consisting of

  • Recreational parks (with play areas for children)
  • Treelined streets with beautiful landscaping.

Infrastructure planned for the estate comprises

  • Gatehouse, secured access gate & signage
  • FM office
  • Estate security
  • Visitors’ parking
  • Road network with walkways and cycling lanes
  • Streetlights, garden & fence lights
  • Industrial borehole and water treatment and storage facility
  • Underground power supply systems including transformer
  • Sewage treatment plant system
  • Road drainage systems

Facility Management

For effectiveness and quick response, the management of the estate is brought nearer to the residents with a facility management office complete with maintenance staff managed by UPDC Facility Management Company.

Buy into the Prime Today!

  • START
  • FILL YOUR DETAIL
  • CONFIRMATION

Confirmation/Acknowledgements:

  • No guarantee of availability of property until payment received in full
  • Buyer is responsible for payment of fees to any agent engaged by Buyer
  • Buyer shall make and rely upon its own inquiries and shall satisfy itself in all respects in relation to the title and property conditions
  • Payment for the property shall be made only to UPDC’s designated account. UPDC has not authorized any agent to collect payment on its behalf.

  • START
  • FILL YOUR DETAIL
  • CONFIRMATION

Confirmation/Acknowledgements:

  • No guarantee of availability of property until payment received in full
  • Buyer is responsible for payment of fees to any agent engaged by Buyer
  • Buyer shall make and rely upon its own inquiries and shall satisfy itself in all respects in relation to the title and property conditions
  • Payment for the property shall be made only to UPDC’s designated account. UPDC has not authorized any agent to collect payment on its behalf.
  • In the unlikely event that UPDC does not commence the development within 12 months of receipt of the holding deposit, the holding deposit will be refunded to the buyer.