About us

The Leading Institutional Property Company

UPDC Plc is an institutional property company founded in 1997, and listed on the NSE in 1998. UPDC Plc has a solid track record in the acquisition, development, sale and management of a diverse mix of commercial, residential, hospitality and retail assets across Nigeria.
Our history is interwoven with the phenomenal growth of the Nigerian real estate sector. We are integral partners in the success of Nigeria, as we have contributed through our robust properties portfolio, to building world-class developments that have helped to shape the market whilst creating templates for other property development companies.
With a track record that spans almost 25 years, we have developed and managed assets in all sectors including residential, commercial, retail and hospitality sectors.
Our brand is well- recognised for providing distinctive lifestyle properties across Nigeria and offering exceptional quality.

Our Services

PROPERTY DEVELOPMENT

Our property development strategy is to develop and sell functional, non-speculative assets. The development will be off take led, with a client focused approach to building design, and a firm commitment to creating comfortable, functional and affordable properties.

PROPERTY DEVELOPMENT

DEVELOPMENT MANAGEMENT

UPDC will strategically oversee the planning, administration and control of the development during the development life circle from business planning to concept development, financial feasibility and over all coordination of the development value chain.

DEVELOPMENT MANAGEMENT

ASSET MANAGEMENT

UPDC's asset management team is skilled in managing the performance of individual investment in the real estate portfolio as well as identifying areas of opportunities for growth from performing portfolio and financial analysis to risk management of the assets in the portfolio.

ASSET MANAGEMENT

ADVISORY SERVICES

With over 25 years experience in the Nigerian real estate market, we provide professional guidance to our clients looking to invest in short or long term real estate investments that will enable them maximize their investment returns.

ADVISORY SERVICES

FACILITY MANGEMENT

UPDC believes that the value of facility management in the property development process is unquestionable. We approach our property development plan with the customer as our utmost priority to create affordable, functional and efficient living and working environments.

FACILITY MANAGEMENT

HOSPITALITY

The Festival Hotel, Conference Centre & Spa is located in the historical town of Festac - Lagos, Nigeria's center of entertainment & arts. Within 15km away from the International Airport, situated along the express road, and 45min from the Island, making it an ideal destination for both business and pleasure.