UPDC PLC

UPDC Plc, a prominent institutional property company in Nigeria, commenced its operations in 1997, having been spun off from UAC of Nigeria Plc where it previously managed a substantial property portfolio. The company subsequently listed on the Nigerian Stock Exchange in 1998. Throughout its history, UPDC has established itself as a significant player in the Nigerian real estate sector, recognized for its contributions to world-class developments and for setting benchmarks within the industry. The core business model of UPDC Plc encompasses the full spectrum of real estate, focusing on the acquisition, development, sale, and management of a diverse mix of high-quality commercial, residential, hospitality, and retail properties. Its offerings span property development, which emphasizes functional and client-focused assets; comprehensive facility management services for both residential and commercial properties; hospitality services, including the operation of hotels; and a range of advisory services covering development, asset, and property management, as well as research. The company primarily serves the Nigerian market, with a strong presence in key urban centers and across various states, and its portfolio includes notable subsidiaries like UPDC Facility Management Limited and UPDC Hotel Limited, which operates the Festival Hotel Conference & Spa. UPDC also serves as the business manager for the UPDC Real Estate Investment Trust (REIT).