Real Estate

We recently announced plans to spin off our interest in the real estate sector which stands to benefit from long term demographic trends

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UPDC

64% ownership

UPDC was established in 1997 and listed on The NSE in 1998. The Company set up the UPDC REIT in 2013, where it holds a 61.5% equity stake. Development track record comprised of a diverse asset mix including retail, commercial, residential and hospitality. 

UPDC operates through three divisions:
1. Property Development: asset development for sale through direct investments and joint ventures. 
2. Facilities Management: provision of building and operation maintenance for commercial and residential properties across several states in Nigeria
3. Hospitality: 95% stake in UPDC Hotels Limited which owns a 471 room hotel with 9 conference rooms and a banquet hall

Key Leadership

Folasope Aiyesimoju
(Managing Director)

Babatunde Kasali
(Board Chairman)