UPDC Plc
NNSENG:UPDC3.60
NGN
-0.25
(-6.49%)
ISIN
NGUACPROP006
Return %
Stock
S&P 500
1Y
-47.45
14.20
3Y
166.67
81.12
5Y
93.55
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Odunayo Ojo
- Full Time Employees
- 279
- Sector
- Finance
- Industry
- Real estate development
- Address
- Lagos Nigeria
- IPO Date
- Dec 13, 1999
- Website
- updcplc.com
- Similar Companies
- Business
- UPDC Plc is a Nigeria-based real estate development, property management, and hospitality company engaged in the acquisition, development, sales, leasing, and management of residential, commercial, and hospitality properties. Founded in 1997 following the demerger of the property division of UAC of Nigeria Plc and listed on the Nigerian Exchange in 1998, the company operates as a subsidiary of Custodian Investment Plc and is headquartered in Lagos, Nigeria. The company operates across two principal business segments, Property Development, Sales & Management and Hospitality Services, catering to institutional investors, corporate clients, high-net-worth individuals, and middle-income homebuyers across Nigeria. The company provides an integrated suite of real estate products and services organized into distinct operational lines: Real Estate Development, encompassing site acquisition, master planning, architectural design, financing, construction, and unit sales for master-planned communities, residential estates, luxury apartments, and commercial office complexes, including developments such as Brompton City, The Hampshire, Pinnock Beach Estate, and Cameron Green; Facility and Estate Management, delivered through its subsidiary UPDC Facility Management Limited, providing comprehensive hard and soft facility services, preventive maintenance, security administration, utility and estate management, and energy optimization solutions in collaboration with Starsight Energy; Hospitality Services, operated through its subsidiary UPDC Festival Hotel Limited, providing guest lodging, serviced suites, conference halls, banqueting facilities, event spaces, food and beverage operations, and recreational wellness amenities anchored by The Festival Hotel, Conference Centre & Spa in Festac, Lagos; and Real Estate Advisory and Asset Management, offering project development management, investment consultancy, portfolio optimization, property valuation coordination, and real estate market research for institutional and private clients. In recent strategic and operational developments, UPDC Plc acquired a controlling 51% equity stake in Grupo Atlanta in partnership with Paragon Holding Investment following clearance from the Federal Competition and Consumer Protection Commission. The company returned to sustained profitability and resumed dividend payments following the execution of its multi-year turnaround and capital restructuring program. In its core development division, UPDC Plc has accelerated the multi-phase construction and commercial launch of its flagship 30-hectare Brompton City development in Lagos as well as The Hampshire project in Sangotedo. Strategically, the company has repositioned its growth pipeline toward middle-income residential housing, urban infrastructure delivery, and the planned establishment of a 100 billion Nigerian naira real estate investment fund, alongside partnering with Premium Swiss Hospitality to optimize hotel operations and hospitality asset performance.