The Importance of Neighboring Land Uses on Property Value In real estate, location is crucial. It shapes what developers can build, influences living costs for tenants, and drives value for investors. Unlike other factors, land can’t be relocated, and as a result location choice is a critical decision. Learn More In real estate, location is crucial. It shapes what developers can build, influences living costs for tenants, and drives value for investors. Unlike other factors, land can’t be relocated, and as a result location choice is a critical decision. Location isn’t just about where a property is-it’s about what’s around it. Nearby amenities or infrastructure can boost or reduce property value, known as “externalities.” Positive externalities, like parks, raise value for residential neighborhoods as demand for the service increases, while negative ones, like industrial noise, lower demand and consequently value. Take a study in 2019 which showed that, for 1 bedroom flats in a neighborhood, proximity to High Voltage Overhead Transmission Lines (HVTOLs) led to a 31.58% value decrease compared to other apartments and attributed it to the HVTOLs constituting a safety risk and the risk of government demolition. For investors, complementarity of neighboring land uses and forecasting the impact of present and future neighboring land uses on property are key to maximizing returns and value growth. UPDC’s Strategy: Leading with Insight At UPDC, we’ve honed the skill of forecasting these impacts, ensuring timely acquisition, strong returns and value appreciation. Our recent development, The Hampshire in Sangotedo, Lagos, benefits from positive externalities like Novare Mall and the upcoming 4th Mainland Bridge, driving up property values and are expected to continue doing so. It’s not just about your neighboring land uses-expert management is essential to staying aligned with evolving trends. Our successful projects, like Pinnock Beach Estate, demonstrate our ability to manage these dynamics and deliver exceptional value. So why not invest with us today? Recent Events INSITE – Updates at the Hampshire – September 2024 NEWSLETTERS FOR THE MONTH SEPTEMBER 2024 – UPDC INSITE ON CO-BUYING PROPERTY WITH FRIENDS INSITE – Updates at the Hampshire co-buying Property With Friends Co-buying property can be a slog. There will be setbacks and obstacles. To get through the slog, you need to employ a good process and learn to love The Process Learn MOre No Comments August 23, 2024 Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*
UPDC PLC NEWSLETTER INSITE -JULY
Welcome to INSITE FOR JULY Real estate is more than transactions — it’s about shaping spaces where life happens. Each month, we’ll break down the complexities of the industry with a blend of expertise, fun, and fresh perspectives. Dive into exclusive interviews with industry leaders, stay updated on the latest developments, and discover the trends driving the future of our cities Updates at The hampshire We have 8 high density plots (900sqm) left for sale. Learn More INSITE JULY EDITION Editorial Team Priye Johnson Muyideen Dosumu Munachi Otegbulu Email: advisory@updcplc.com Connect with Us Twitter: @updcplc Instagram: @updcplc
UPDC PLC MAY 2024 UK ROADSHOW – THE BROMPTON CITY
UPDC Plc’s Successful UK Roadshow – BROMPTON CITY On Friday, May 10, 2024, UPDC Plc held a highly anticipated event in the UK, marking a significant milestone in our global outreach efforts. The UK Roadshow was an incredible success, filled with valuable insights and exciting real estate investment opportunities. Click To Watch Live An Event to Remember The event was packed with informative sessions and engaging presentations, where we unveiled our latest developments and showcased our premier projects. Attendees had the opportunity to gain firsthand knowledge of UPDC Plc’s innovative approach and strategic vision for the future. Key Highlights Insightful Presentations: Our team delivered comprehensive presentations on the current state of the real estate market, future trends, and UPDC Plc’s strategic initiatives. Investment Opportunities: We highlighted exclusive investment opportunities in our latest projects, providing attendees with the chance to explore and engage with our offerings. Networking: The event offered a fantastic platform for networking, allowing attendees to connect with industry experts, investors, and the UPDC Plc team. Looking Forward The UK Roadshow was not just an event but a testament to UPDC Plc’s commitment to expanding our reach and engaging with our global audience. We are grateful for the enthusiastic participation and positive feedback we received from all attendees. For those who missed the event or wish to learn more about our projects and future events, please feel free to contact us at 0901 000 3018. Stay tuned for more updates as we continue to bring UPDC Plc’s vision to cities around the world. Thank you to everyone who joined us and made this event truly unforgettable. We look forward to meeting more of you at our upcoming events! Learn More Recent Events INSITE – Updates at the Hampshire – September 2024 NEWSLETTERS FOR THE MONTH SEPTEMBER 2024 – UPDC INSITE ON CO-BUYING PROPERTY WITH FRIENDS INSITE – Updates at the Hampshire No Comments August 23, 2024 Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*
UDPC At Nigerians In Diaspora Commission – NIDCOM
Nigerians in Diaspora Commission, NIDCOM – We were privileged to be graced with the presence of The Executive Chairman/CEO of the Nigerians in Diaspora Commission, Hon. Click To Watch Live We were privileged to be graced with the presence of The Executive Chairman/CEO of the Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa, Senator Dr. George Akume, CON, Secretary to the Government of the Federation of Nigeria and other dignitaries at our booth at the NDD 2024 event yesterday. “It’s the last day today! If you’re privileged to access the exclusive Presidential Villa, make sure to stop by our booth at the Banquet Hall and discover the epitome of luxury with our premium properties.” Learn More Recent Events INSITE – Updates at the Hampshire – September 2024 NEWSLETTERS FOR THE MONTH SEPTEMBER 2024 – UPDC INSITE ON CO-BUYING PROPERTY WITH FRIENDS INSITE – Updates at the Hampshire No Comments August 23, 2024 Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*
UPDC PLC’S FACTS BEHIND THE FIGURES PRESENTATION
FACTS BEHIND THE FIGURES PRESENTATION With Capital Market Stakeholders Today marked a significant event at the Nigerian Exchange Group, as the management of UPDC Plc, led by its Managing Director and CEO, Mr. Odunayo Ojo, addressed capital market stakeholders. The much-anticipated “Facts Behind the Figures” presentation provided an in-depth look at UPDC Plc’s financial performance and strategic direction, offering valuable insights into one of Nigeria’s premier real estate companies. Click To Watch Live About UPDC Plc UPDC Plc has established itself as a key player in Nigeria’s real estate sector, delivering high-quality residential, commercial, and retail properties. Under the dynamic leadership of Mr. Odunayo Ojo, the company continues to innovate and provide significant value to its shareholders and stakeholders. The Event: Facts Behind the Figures The Nigerian Exchange Group hosted this event to facilitate direct engagement between UPDC Plc’s management team and investors, analysts, and other stakeholders. The primary objective was to present a transparent view of the company’s financial health, recent achievements, and future strategies. https://www.youtube.com/watch?v=HzJPk9FEqt4 Highlights from Mr. Odunayo Ojo’s Presentation 1. Financial Performance: Mr. Ojo began by detailing UPDC Plc’s financial performance over the past year. He highlighted key financial indicators, including revenue growth, profitability, and return on investment. Despite economic challenges, UPDC Plc has maintained financial stability through strategic investments and efficient operations. 2. Strategic Initiatives: Mr. Ojo discussed several strategic initiatives undertaken by UPDC Plc to ensure long-term growth. These include market diversification, development of innovative property solutions, and a focus on sustainability. He emphasized that these initiatives are crucial for driving shareholder value and positioning the company for future success. 3. Market Outlook: Mr. Ojo provided an overview of the current state of the Nigerian real estate market and its prospects. He acknowledged the challenges but also highlighted the significant opportunities, particularly in affordable housing and commercial real estate. UPDC Plc is well-equipped to leverage these opportunities, thanks to its expertise and strong market presence. 4. Investor Relations: Mr. Ojo reiterated UPDC Plc’s commitment to transparency and open communication with its investors. He assured stakeholders of the company’s dedication to providing regular updates and maintaining clear and honest communication regarding its operations and financial status. Conclusion Mr. Odunayo Ojo’s “Facts Behind the Figures” presentation was highly informative and successful, offering stakeholders a clear understanding of UPDC Plc’s financial performance and strategic outlook. The event reinforced the company’s dedication to transparency, innovation, and sustainable growth. As UPDC Plc continues to navigate the evolving real estate landscape, stakeholders can remain confident in the company’s ability to consistently deliver value. Stay tuned to our blog and follow us on social media for more updates on UPDC Plc and other events at the Nigerian Exchange Group. Learn More Recent Events UPDC PLC’S FACTS BEHIND THE FIGURES PRESENTATION Real Estate Success Story UPDC Plc Establishing A New Luxury Estate UPDC Celebrates 25th Anniversary No Comments April 25, 2023 Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*
Real Estate Success Story
Real Estate Success Story On today’s Real Estate Success Story Saturday, We spotlight Mr Odunayo Ojo the managing director at UPDC plc. In 2021. Ojo assumed the role of Managing Director at UPDC, bringing strategic insight gained from his diverse roles, including CEO of Alaro City and Director of Development at Eagle Hills. As UPDC looks to the future, Odunayo Ojo stands as a beacon of innovation, steering the company towards sustained growth and solidifying its position as a key player in Nigeria’s Real Estate Industry. View More News Meet Mr. Odunayo Ojo, the visionary CEO at UACN Property Development Company (UPDC), reshaping Nigeria’s real estate landscape. With over two decades of expertise in property development and asset management, Ojo’s strategic leadership is propelling UPDC to new heights. A graduate of the University of Lagos, he holds a bachelors degree in real estate, an MBA and is a member of Royal institution of chartered surveyors (RICS) and the Nigerian institute of estate surveyors and valuers (NIESV). Appointed in 2021, Ojo’s dynamic approach and hands on experience, including his tenure as CEO of Alaro City, positions UPDC for sustained growth, solidifying its status as a leading force in the Nigerian real estate sector. Recent Events property Real Estate Success Story Please insert Access Token and Expiry Date in associated fields 2 Comments April 24, 2024 2 Comments olamideApril 25, 2024 at 10:02 am | Edit ikandue imlmweind Reply olaApril 25, 2024 at 9:53 am | Edit f pwr;nby;lth Reply Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*
UPDC Plc Establishing A New Luxury Estate
UPDC Plc Establishing A New Benchmark For Luxury Estates UPDC Plc, towards establishing a new benchmark for luxury estates, flagged off the commencement of infrastructure works for its site and service scheme known as Pinnock Prime Estate in Lekki, Lagos on May 13th, 2022. View More News UPDC Plc, towards establishing a new benchmark for luxury estates, flagged off the commencement of infrastructure works for its site and service scheme known as Pinnock Prime Estate in Lekki, Lagos on May 13th, 2022. The high-end residential development is located on a 1.47-hectare space and consists of 13 plots (nine low-density plots and five high-density plots). It will incorporate a range of facilities required to create a luxury lifestyle for the residents. Formwork Ltd have been appointed the main contractors for the development with Mar and Mor serving as the Mechanical, Electrical and Plumbing Engineering (MEP) contractors. The project is set to be delivered by the last quarter of 2022. Recent Events Real Estate Success Story UPDC Plc Establishing A New Luxury Estate UPDC Celebrates 25th Anniversary Real Estate Success Story UPDC Plc Establishing A New Luxury Estate UPDC Celebrates 25th Anniversary Please insert Access Token and Expiry Date in associated fields No Comments April 25, 2023 Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*
UPDC Celebrates 25th Anniversary
UPDC Celebrates 25th Anniversary Nigeria’s foremost real estate company, UPDC Plc recently celebrated its 25th anniversary with a promise to continue delivering high quality commercial, residential and hospitality buildings. View More News Nigeria’s foremost real estate company, UPDC Plc recently celebrated its 25th anniversary with a promise to continue delivering high-quality commercial, residential, and hospitality buildings. According to the Chief Executive Officer of UPDC Plc., Mr. Odunayo Ojo, “Over the next 25 years, UPDC will continue to deliver value. We’ll continue to keep to our promise of high quality, high integrity and ensuring that everything we do is focused on the end user, and focused on the customer.” The 25th anniversary was marked with a Real Estate Summit with the theme ‘Housing Development Imperatives for Nigeria: Prospects and Challenges’. The panel discussion, moderated by Mr. Ojo, had personalities that are well-grounded in real estate investment matters. The panelists were: The Managing Director, James Cubitt Nigeria, Mr. Alan Davis; the Regional Head of Property for Standard Chartered Bank (SCB), Anne Rinu; Senior Partner/CEO of Knight Frank Nigeria, Mr. Frank Okosun; and the Surveyor General of Lagos State, Mr. Olutomi Sangowawa. “UPDC also expanded into the retail and hospitality segments through the development of commercial properties and a hotel. UPDC successfully issued its first corporate bond for N20 billion in 2010 and floated a UPDC REIT, which was listed on the floor of the Nigerian Exchange Limited in 2013.” On recent developments, Mr. Oshin said UPDC went through a series of corporate restructuring exercises “aimed at repositioning for better efficiency and back on the path of profitability,” stating that such turnaround exercises take years to materialize. UPDC has already started reaping the benefits of focus management, which will ultimately lead to sustained returns to the company’s investors and other stakeholders.” The company, he said, recently launched the development of Pinock Prime Estates, which is doing quite well in the market. Addressing the role of design in the delivery of affordable housing, Managing Director, James Cubitt Nigeria, Mr. Alan Davis said, “Affordability of housing, like most other things, is determined by many macroeconomic issues, beyond architecture, and so we can talk about the idiosyncrasies of Nigeria, such as reduced purchasing power because of the high-interest rates and minimum mortgage options available, the import-based economy, a lack of local production, building materials and components and the unreliability of stock quantities, or the scarcity of materials, etc, etc. “But there are nevertheless significant ways in which architectural design can influence the affordability of housing. Obviously, the adoption of the tropical design principles that I mentioned before demands a particular awareness of a design, but it’s not inherently difficult. In addition, architectural design is very much project or site-specific, which has some aspects which can be standardized and reproduced. When we consider industries like the automotive industry, and how they manage production costs. We see that parts of the whole, especially for large-scale projects, can be standardized and manufactured by mass production processes. A designer working with these standard pieces that has the liberty to creatively apply them to respond to the idiosyncrasies of any given site. Obviously, the most commonly used aspect of this is in the production of precast concrete elements. The mass housing program in the UK was intended to respond to the overwhelming housing shortfall immediately after the Second World War, relying mainly on the use of precast reinforced concrete panels, producing factories and bolted together on site. Dolphin estate (in Lagos) is an example of this utilizing prefabricated precast panels, and with the development of more sophisticated materials, and detailing one would hope that the downsides of Dolphin such as dampness and condensation can now be avoided. Australia has developed a whole industry for the production of prefabricated housing in response to the to house miners in remote locations out in the bush.” The Regional Head of Property for Standard Chartered Bank (SCB), Anne Rinu gave her expert opinion on the issue, stressing the importance of prefab in housing development. She also talked about the evolving next generation that have their own views of what type of housing they desire, particularly housing that suits their needs. Development companies, she said, should look at these options in addition to the type of contracts/partnerships, energy sources, particularly renewable and the facilities that are included in buildings. Senior Partner/CEO of Knight Frank Nigeria, Mr. Frank Okosun emphsised the use of technology in housing development, stating that technology is the inthing, an enabler of transformation. He advised all development companies to use technology in their business and in facility management. The Surveyor General of Lagos State, Mr. Olutomi Sangowawa acknowledged the fact that Lagos has limited land and advised those buying land to seek the services of a surveyor as a first step. Recent Events UPDC Celebrates 25th Anniversary Real Estate Success Story UPDC Celebrates 25th Anniversary Real Estate Success Story Please insert Access Token and Expiry Date in associated fields 2 Comments April 24, 2024 2 Comments olamideApril 25, 2024 at 10:02 am | Edit ikandue imlmweind Reply olaApril 25, 2024 at 9:53 am | Edit f pwr;nby;lth Reply Leave a Reply Cancel reply Logged in as admin. Edit your profile. Log out? Required fields are marked * Message*