Haldane McCall Plc
NNSENG:HMCALL3.41
NGN
0.00
(0.00%)
Haldane McCall Plc
NSENG:HMCALL
(Nigerian Stock Exchange)
Recent
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3.41
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- Business
- Haldane McCall Plc is a Nigeria-based real estate development and hospitality company that engages in residential property development, land investment, and budget hotel management. Tracing its operational origins to 2000 and incorporated in 2012 before its conversion to a public limited company, the company is headquartered in Ikeja, Lagos, Nigeria. Haldane McCall operates primarily through two wholly owned subsidiaries, Suru Homes Limited and Suru Express Hotels Limited, providing housing solutions and hospitality services to residential homebuyers, property investors, corporate clients, and leisure travelers across Nigeria and neighboring West African markets. The company operates through two core business segments: Real Estate and Hospitality. Its real estate portfolio, managed under the Suru Homes brand, provides the development and sale of high-end luxury residential apartments in prime metropolitan districts; the construction of low-cost and affordable residential housing schemes aimed at addressing urban housing deficits; land banking and strategic land parcel acquisitions for future property appreciation and development; the leasing and management of serviced residential apartments; the provision of multipurpose event and function halls; and agricultural real estate investment opportunities under the Suru Homes Farms initiative. Its hospitality portfolio, operating under the Suru Express Hotel and Suru Express Plus brand names, provides budget accommodation services featuring air-conditioned guest rooms; on-site dining and restaurant services specializing in local and continental cuisine; meeting, conference, and banquet event hosting facilities; recreational amenities including swimming pools; and hospitality support services including 24-hour security surveillance and guest laundry facilities. In recent corporate developments, Haldane McCall Plc completed a public listing on the Main Board of the Nigerian Exchange Limited (NGX) in November 2024 by way of introduction, admitting 3.12 billion ordinary shares to trading under the ticker symbol HMCALL. In May 2025, the company secured shareholder approval for a 250 billion Nigerian naira capital raising program through a combination of rights issues and debt instruments to accelerate its strategic expansion plans. Operationally, the company is executing large-scale residential projects, including an ongoing 1,200-unit housing development in Majidun, Ikorodu, Lagos State, following the completion of residential projects in Ketu, Lagos, and Porto-Novo, Benin Republic. Furthermore, the group is implementing an expansion program to roll out 45 additional budget hotels under the Suru Express brand across strategic urban centers in Nigeria and the broader West African region to expand its recurring revenue base.