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UPDC PLC
UAC House 1-5 Odunlami Street,
P.O Box 156
Phone: +234 9010003019p:+234 9010003019 LAGOS, Nigeria Ticker: UPDCUPDC
Business Summary
UPDC Plc is a Nigeria-based institutional property company. The Company is engaged in developing, selling, and managing real estate assets across Nigeria. It has developed and managed assets in all sectors including residential, commercial, retail, and hospitality sectors. The Company’s operations comprised two main business segments which are Property Development, Sales & Management and Hospitality Services. The Property Development, Sales & Management segment focuses on the acquisition, development, sales and management of serviced commercial and residential properties in the highbrow and middle-income segments of the real estate market in Nigeria. It also provides facilities management services to residential and commercial properties. The Hospitality Services segment provides services such as sale of rooms, conference halls as well as food & beverages. The Company’s subsidiaries include UPDC Hotels Ltd., Manor Gardens Dev. Company Ltd., and Deep Horizon Investment Ltd.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/202512/31/2024Yes----

Industries
SIC Code Description
1542 General contractors-nonresidential buildings, other than industrial
1531 Operative builders
7011 Hotels and motels

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board WoleOshin 1/27/2021 1/5/2021
Chief Executive Officer, Managing Director HansEssaadi 6/30/2025
Chief Operating Officer Adeniun F.Taiwo 1/10/2020 4/18/2016
5 additional Officers and Directors records available in full report.

Business Names
Business Name
UAC-PROP
UACN Property Development Company Plc
UPDC

General Information
Number of Employees: 282 (As of 12/31/2024)
Outstanding Shares: 18,559,969,936 (As of 3/31/2025)
Shareholders: 27,327
Stock Exchange: NIG


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Thursday, June 5, 2025