CEO’s Message

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Odunayo Ojo

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 subsidiary of Custodian Investment Plc. focused on innovation, expertise, excellence. 

UPDC has 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 the UPDC 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.

UPDC is currently focused on leveraging the strengths of its experienced management team, unparalleled market knowledge and track record to drive stakeholder value. We are embarking on an aggressive 5-year development strategy which we are confident will set the company on a path to profitability, with attractive risk-adjusted returns. 

We are establishing a corporate culture in which every member of the UPDC family takes personal responsibility for delivering excellent value and service to our customers and shareholders.

With our strengthened capital base and solid foundation for growth, we can offer our investors considerable growth potential and opportunities for generating attractive long term returns in the Nigerian real estate sector. 

We look forward to your continuing support, guidance and encouragement as you join us on this exciting journey.

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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.