Hakeem Ogunniran is a big name in the real estate sector in Nigeria. For the past 8 years, he has been MD/CEO of one of the most successful real estate companies called UACN Property Development Company (UPDC). The big news is that this brilliant lawyer has retired from UACN Property Development Company after 33 years. He is right now on retirement leave till October ending.
The company he runs is one with a rich history and pedigree. It operated first as a Department, then as a Division of UAC of Nigeria Plc until 1997, when the business was incorporated as a public limited liability company and listed on the Nigerian Stock Exchange. This happened because of the massive opportunities present in the real estate sector. According to official reports on the real estate industry overview, real estate and building industry market contribution to GDP is estimated at 1.85% and 2% respectively. The demand drivers for the company’s investments in Abuja, Port Harcourt and Lagos and other major cities can be summarized as the effect of high population growth rate in the cities which have a positive boost on economic activities, increase in government and economic activities in urban areas, rural-urban drift which is presently estimated to be between 5% to 10% per annum, the need for decent living/environmental conditions and the acquisition of an investment to hedge against inflation and subsequently boost its revenues.
Ogunniran is a Lawyer, a Chartered Secretary and fellow of the Chartered Institute of Arbitrators. He has an LLB and LLM, he has an MBA degree from the University of Lagos. He was called to the Nigerian Bar in 1985. He was formerly a Law Lecturer at the University of Lagos before he joined UAC of Nigeria Plc. as Manager, Legal Services in 1995 and was later appointed Western Area Manager and Marketing Manager respectively of GBO/MDS Division of UACN. He was the Divisional Managing Director of MDS Logistics Division of UACN and a Past President and Chairman of Council of the Institute of Chartered Secretaries and Administrators of Nigeria.
A former Fulbright Scholar at Yale he has attended various senior management and leadership programmes at Ashridge Management College, UK, Cranfield University, Harvard Business School and London Business School. He was appointed Managing Director of the company in January, 2010. He has spent 8 years as MD/CEO of UPDC. From his appointment, to this moment he has successfully steered the company towards the path pf phenomenal growth and expansion which has seen the company execute many projects successfully.
That UPDC is a successful company can be gleaned from its rich portfolio of properties. One of it is The Residences at FESTAC. It was created from the company’s desire to create a truly-mixed real estate development that will offer comfortable and best-in-class residential, commercial and retail accommodation. The node is the first of its kind in Lagos and consists of Golden Tulip Festac, Festival Mall and The Residences.
The Residences consists of 3 wings on 8 floors. It has a total of 106 units of 1 bedroom apartments & 44 units of 2 bedroom apartments. These wings are divided into: Wing 1 which has 88 units of 1 bedroom apartments, Wing 2 which has Offices on 5,820 square metres and Wing 3 which has 18 units of 1 bedroom & 44 units of 2 bedroom Residential apartments.
There is also the Festival Mall at FESTAC. Lagos. It was conceptualized in 2008, generally due to absence of modern formal retail channels in Festac and its environs. With the acquisition of Durbar Hotel from the Federal Government in 2002, the need to maximize the opportunities in the entire real estate asset becomes very crucial. UPDC looked at it from the real estate asset desire to create a destination point for Lagos State residents around Festac, Amuwo-Odofin, Mile 2, Ojo, Alaba, Orile and Okota providing office, hospitality, recreation and an experience of a formal shopping mall.
The festival mall is situated on a site area of 8.7 hectares comprising of:Block A which comprises of 471 room hotel in three wings with 357 rooms operational as Golden Tulip Hotel, Block B – The Residences which comprises of three wings to be renovated into 1 & 2 bedroom apartments and the Festival Shopping Mall and Entertainment Centre with One Main Anchor Tenant, Sub Anchor, Cinemas and a mix of other retailers. The mall is a site for fun lovers as there are always interesting hotspots at every nook and cranny for people of various age groups.
The Vintage Gardens, Port Harcourt is a residential Housing Estate with 90 Housing Units located within NAFF Estate, Port Harcourt. The estate comprises of the following housing variants of 28 units of 4-bedroom semi-detached house with BQ, 26 units of 4-bedroom terrace house with BQ, 18 units of 3-bedroom terrace house with BQ, 14 units of 3 bedroom flat with maid’s room which are sold out and 4 units of 2-bedroom flat which are also sold out.
There is also Cameron Green in Ikoyi, it is Residential.
It is located in highbrow Cameron Road, Ikoyi and built exquisite taste, Cameron Green boasts of luxury apartments complete with various recreational facilities for you and your family’s comfort. Be rest assured, you’ll find no better luxury apartments anywhere around.
There is Emerald Court in Abuja. It is residential.
Emerald court belongs to the UPDC family, a family of edifices. Emerald court is a premium residential development comprising of 44 housing units built on 19,000sq.m (1.9 hectares) of land. The estate is situated at Gudu, opposite Apo Legislative quarters, Abuja.
There is Golf Estate in Calabar, it is residential.
The Calabar Golf Estate is a JV between the Cross Rivers State Government and UPDC Plc. The estate will be a natural extension of The Cross River State’s high ambition to create a truly unique destination in Nigeria. It’s a new proposition for modern living in Nigeria, benefitting of the natural security and beauty of the Cross River State. The estate will comprise of 200 units of 3, 4 & 5 bedroom units + BQ Features of the estate include:
Adaptation of designs to the terrain and harmony with the surrounding vegetation, Pitched roof and car parking integrated in the design to accommodate Calabar climate. Low energy consumption typologies, Potential for Zero energy Estate. There are total of 200 units in the estate and the breakdown is as follows: 64 units of 5 Bedroom Detached Houses with Maid’s Room, 38 units of 5 Bedroom Bungalows with Maid’s Room, 13 units of 4 Bedroom Detached Houses with Maid’s Room, 29 units of 4 Bedroom Bungalows with Maid’s Room, 8 units of 3 Bedroom Bungalows with Maid’s Room, 48 units of 3 Bedroom Flats with Maid’s Room.
There is MetroCity in Abuja, It is Ongoing, It is residential.
Residential Housing Estate located in serene residential area of Apo-Dutse, Abuja. Stretches over 11.17 hectares of land. Comprises of 225 units in 3 phases with the following housing types: 5 Bedroom Detached Houses, 4 bedroom Semi- Detached Houses, 4 Bedroom Terrace Houses, 3 Bedroom Bungalows, 2 & 3 Bedroom Flats, Phase 1, which was concluded in March 2014 is made up of 88 units. 137 units will be built in Phases 2 & 3.
There is Olive Court in Agodi, Ibadan. It is Ongoing, It is residential.
Located on 2.04 Hectares of land in the prime area of Agodi at Plot 790-793, Oba Biladu 3 Street, off Oba Abimbola Street, Agodi GRA, Ibadan Olive Court is a residential Housing Estate with the following 50 housing units: 5 Bedroom Detached Houses – 9 units, 4 Bedroom Semi-Detached Houses – 22 units, 3 Bedroom Terrace Houses – 19 units, Estimated Completed period : 18 months, The estate will be fully managed by UPDC Plc.
Pineville Estate is in Asaba, It is Ongoing, it is residential.
UPDC’s strategic thrust is to extend her developments to other parts of Nigeria aside the main cities of Lagos, Abuja and Port Harcourt.Asaba is one the cities identified by organization for such developments.UPDC is proposing the development of comfortable premium quality residential estate at a strategic location in Asaba GRA, Delta State.
James Pinnock Estate is in Lekki, It is Upcoming, It is residential.
Pinnock Beach Estate (Phase 3) is a residential estate located on about 3 Hectares of land within Pinnock Beach Estate in Lekki. The estate will comprise of the following housing units: 11 Units of 5 Bedroom Detached Houses with BQ, 28 Units of 4 Bedroom Semi-Detached Houses with BQ, 42 Units of 3 Bedroom Apartments with BQ, 2 Units of 4BR Maisonette with BQ, All the housing units will be well finished. Title to property is C of O issued by LASG.
The Pinnackle is in Abuja, it is Ongoing, it is Residential.
The Pinnacle is a residential estate located in the high-brow Maitama area in Abuja with picturesque landscape filled with ample trees and lush vegetation in line with updc’s goal of sustainability. The estate will comprise of the following 27 luxury apartments: Twenty (20) units of 3 bedroom flats, Four (4) units of 4 bedroom flat, Two (2) units of 4 bedroom Maissonettes, One (1) unit of 1 bedroom apartment
All the housing units will have a luxurious finish and come equipped with fitted kitchens and air conditioners.
Title for the property is C of O issued at FCT, Abuja.
The project commenced in January 2014 and estimated period of completion is 18 months.
The Pinnacle is a JV between UPDC Plc and Imani & Sons Nig. Ltd.
Vintage Gardens is a Residential Housing Estate with 90 Housing Units located within NAFF Estate, Port Harcourt. The estate comprises of the following housing variants:4-bedroom semi-detached house with BQ–28 units, 4-bedroom terrace house with BQ – 26 units, 3-bedroom terrace house with BQ – 18 units, 3 bedroom flat with maid’s room – 14 units (Sold Out), 2-bedroom flat – 4 units (Sold Out), Estate will be serviced and managed by updc., Commencement date: June 2012, Handover Date: June 2014 (Phase 1).