UPDC Plc started its journey in 1997 and carved out of UAC of Nigeria Plc’s property division.
The United African Company (now known as UAC of Nigeria Plc) was formed in 1879 from the four European companies trading up the River Niger.
As a result of extensive trading activities across Nigeria, UAC acquired a large number of produce warehouses, offices and residential structures, which in turn led to the company’s control of a significant amount of real estate all over Nigeria.
These acquisitions were managed by a department of UAC, which became a subsidiary company, UACN Property Development Company in 1997. And in 1998, UACN Property Development Company (UPDC) was listed on the Nigerian stock exchange.
CEO, UPDC Plc.
UPDC is a leading real estate development company which was established in 1997 and has since grown to become the largest real estate platform listed on the Nigerian Stock Exchange. We began our historic journey as a subsidiary of UAC of Nigeria Plc, but today we are proudly a strong standalone entity focused on building in Nigeria, for Nigerians by Nigerians.
As a Group, we have a recognized track record in developing, selling and leasing residential, commercial and retail assets across Nigeria. We also have a first-class facilities management business and 3-star hotel and conference centre as key subsidiaries to our Group.
We are proud of our history, our successes and our challenges as these are a testament to the resilience of our Company and the hard work and dedication of our people. We are equally grateful for the continued support of our shareholders as we transition into a phase of growth. We are in this together, and together we will build our future.
Our aim is to become the real estate service provider of choice in Nigeria, and we have a strong desire and commitment to maintaining high ethical standards as we create lifestyle products and services with the local market in mind. We will strive to provide value to our customers by understanding their needs and affordability when building and managing their real estate assets…
To become the leading real estate development & facility management company of choice in Nigeria by delivering world-class properties and services tailored to the needs of the Nigerian market whilst providing sustainable value to all our stakeholders and shareholders.
To build and manage distinctive lifestyle developments delivered to time, cost and quality.
To build customers for life by providing the highest level of service throughout the property life cycle: from development and sales to asset and facility management.
To build shareholder value through innovation, excellence, and attractive risk-adjusted returns.
Our Company Values
Our Company Values
Committed to providing the highest levels of service throughout the property life cycle, from development and sales to asset and facility management.
We integrate technology in our processes to improve the customer journey and deliver a positive omnichannel experience to all our stakeholders.
Time, Cost and Quality
To us, real estate is about more than simply the bricks and mortar. It is about building and managing distinctive lifestyle developments delivered to time, cost and quality.
Attractive, Risk-Adjusted Returns
By thoroughly assessing to understand market realities as well as balancing investment risks and rewards, we can achieve the greatest possible financial returns for the longest periods of time.