Profile data is unavailable for this security.
About the company
UPDC Real Estate Investment Trust (the Trust) is a Nigeria-based close-ended real estate investment trust. Its principal activity is to pool investment in a diversified portfolio of real estate in Nigeria. The Trust is engaged in the acquisition, development, sale, and management of a diverse mix of commercial, residential, hospitality, and retail assets across Nigeria. The primary objective of the Trust is to enable investors to earn stable income while preserving capital over the long term, by ensuring stable cash distributions from investments in a portfolio of income-producing real estate property and to improve and maximize unit value through the management of the Trust's assets, acquisitions, and development of additional income-producing real estate property. Its investment properties include Abebe Court, Victoria Mall Plaza I, Victoria Mall Plaza II, UAC Complex, Kingsway Building, and Pearl Hostel. The Trust is managed by Stanbic IBTC Asset Management Limited.
- Revenue in NGN (TTM)1.74bn
- Net income in NGN2.23bn
- Incorporated--
- Employees--
- LocationUPDC Real Estate Investment TrustUAC House 1-5 Odunlami Street,P.O Box 156LAGOS NigeriaNGA
- Phone+234 9 023488511
- Websitehttps://updcplc.com/
