Pineville Estate, Asaba
4-Bedroom Terraced Duplex
N55,000,000 per Unit
6 Availale Units
Cameron Green, Ikoyi
N130,000,000 per Unit
1 Available Unit
Grandville Estate, Ikeja
N125,000,000 per Unit
2 Available Units
On 1st January 2020, UPDC relaunched its 471 room Hotel in Festac (formerly Golden Tulip Hotel) with a new name “Festival Hotel and Conferences” and a strong new management team. As the second-largest conference hotel in Lagos, strategically located on the mainland, our focus will be on developing and harnessing the conferencing and leisure facilities of the hotel and upgrading the rooms to an international 3-star standard in order to grow business from local and international corporates and professional groups.
The Hotel is part of UPDC’s “Festival” Live, Work, Play ecosystem in Festac which also includes The Residences – a block of 170 units of 1 and 2 bedroom apartments, and Festival Mall which is anchored by Shoprite and Genesis Cinema.
Joint Ventures as the phrase connotes involves a process where two persons (natural and artificial) take the form of a short term partnership in which the persons jointly undertake a transaction for mutual profit. Generally, each person contributes to assets and share risks. Like a partnership, joint ventures can involve any type of business transaction and the “persons” involved can be individuals, groups of individuals, companies, or corporations.
UPDC Plc is a property developer and has been involved in developing commercial and residential properties for decades! However, one of the thrusts of the company is partnering with persons (natural and artificial) in developing cutting edge commercial and residential apartments and has actually been doing this for a while.
Part of the opportunities that may accrue to the Joint Venture partner include but not limited to;
- Taking advantage of UPDC’s existing infrastructure and Intellectual capital developed over the years.
- Utilizing the benefits of the huge customer base and market reach.
- Leveraging on the credibility and goodwill of UPDC.
- Accessing good interest rates from reputable financial institutions and improving access to financial resources.
- Economies of scale and advantages of size.
- Access to innovative and managerial practices.
- Competitive goals, Speed to market and improved agility.
- Creation of stronger competitive units.
These and others are just a few examples of the tangible and intangible assets that can be gained by participating in a Joint Venture with UPDC. There are certainly many more, but ultimately it’s all about leveraging!
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Frequently Asked Questions
Why Should I Buy From/Hire UPDC Plc?
UPDC is an institutional real estate company with an unrivalled track record for property development in Nigeria, offering an end to end service from sale to ongoing facility management.
With over 20 years of experience across all real estate asset classes: residential, commercial, hospitality and retail – we understand real estate. We’ve successfully developed over 1000 Residential Units, developed 4 Commercial Buildings, and currently manage 27 large Estates.
We are changing the future of real estate with the latest client communication tools, market information and a team of dedicated sales managers, real estate experts and facility managers.
I Have Little to No Knowledge About Real Estate. How Can You Help?
Whether you are buying your first home, purchasing land or seeking real estate for investment, we have a team of experienced and dedicated property managers who will be happy to answer your questions and walk you through everything you need to know.
We know that real estate is one of life’s biggest decisions, and we would be delighted to assist you through the process.
I am an Agent and I Have Seen A Property My Client Would Love. What Next?
Now that you have found a property on behalf of your client, the next step is to schedule for an on-site inspection based on your clients’ timing and availability. Once your client has made the decision to buy, UPDC will issue a formal Letter of Offer in the buyer.
Please note that agents are not authorized to accept any offer for the sale of our properties (whether or not “Subject to Contract”) without the prior written consent of UPDC, and shall not under any circumstances demand or receive payment from any buyer on behalf of UPDC.