Infrastructure delivery, advisory business top UPDC’s next offerings as future beckons

Infrastructure delivery, advisory business top UPDC’s next offerings as future beckons

Infrastructure delivery and advisory business are top of the products and services offerings the property market will be getting from UPDC Plc, a frontline real estate investment and development company, as the company moves into the future.

The company says these areas present investment opportunities with their huge gaps that need to be closed, lending credence to the 30-year national integrated infrastructure master plan (NIIMP), which puts the value of infrastructure deficit in Nigeria at N30 trillion.

The company, which is reputed for the delivery of quality luxury homes, will, however, continue to deliver same to its numerous customers from its large stock of ongoing and pipeline projects, one of which is Brompton City, a 30-hectare housing estate in Lagos.

The company sees a bright and promising future, saying that one of its objectives going forward is to continue to deepen the pipeline of its projects, such that as it moves from Prompton City Phases 2 & 3 and 4 & 5, and from Project Alpha to Project Beta and beyond, it will continue to execute flawlessly.

“We will continue to focus on our service plots, but on an opportunistic basis. We also intend to do top structure developments, on a case-by-case basis, either through partnerships or through selected clientele,” Odunayo Ojo, the company’s CEO, stated.

Ojo, who spoke at a media presentation of the company’s 2025 full-year performance in Lagos recently, assured that they would continue to build homes and would not rest on their oars in that regard.

He disclosed that the company did well in 2025, noting that the company’s topline was driven by property development, with sales accounting for 76 percent of their turnover.

“If we analyze the turnover, we will see that the property development still drives the top lines. We are still a property development company, and about 76 percent of our turnover came from the sale of property stock.

Our facility management business and our hotel business contributed 12 percent and 11 percent, respectively. And like we said, advisory is the newest addition to the company’s business line, and that continues to contribute its own quota as well,” he revealed.

Ojo described 2025 as a momentous year for UPDC, saying that it was a strong year, especially for their investors, as the company’s share price saw a significant appreciation with over 208 percent increase

Still on the future, the CEO explained that they have seen that infrastructure has a huge gap in the market, adding that UPDC has the capital and the experience to deliver infrastructure where other developers can come and build.

“We also intend to scale our other businesses, especially the advisory business. This is an area where we see the largest gap. Very few companies are offering real estate advisory services because the capability is not available in the marketplace.

For instance, asset management, portfolio management, and institutional investors management are areas that, most of the time. are done by financial advisors, but it is very difficult to find real estate professionals who are vast in this area,” the CEO noted.

He stressed that this is a unique opportunity for UPDC because it has the talent in-house, and also has the proprietary knowledge to be able to implement world-class services in the advisory side of its business.

“Part of our advisory business is also what we call development management. So, for institutional investors, family offices, and high-net-worth individuals who do not want to get their hands dirty, but want to participate in real estate investment, UPDC is available for them,” he said.

Ojo assured further that UPDC is available to develop for third-party clients, explaining that it is a combination of project management and development management, and so they take it from start to finish, helping clients to develop their properties for a fee.

He disclosed that the company is planning a programme of capital raise over the next couple of months and years, adding that they are currently having discussions around coming back to the market for rights issue in the capital market, and also promoting a Real Estate Fund.

“UPDC had done it before with our REIT, but this time around, we want to come back to the market with a potential N100 billion real estate fund that will participate in different value chains of real estate, mostly real estate investment and real estate development.

So, we believe that this capital raise will solidify the position of UPDC in the marketplace. So conversations are already going on, and at the appropriate time, we will also come back to shed more light as to the structure of this capital raise intervention.