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UPDC Company

Sector: Water Supply and Storage • Location: Nigeria

Source: International Finance Corporation (IFC)

Project
Completed

UACN Property Development Company PLC (UPDC or the company) is a leading Nigerian property development and management company listed on the Lagos stock exchange. As UPDC continues to grow, IFC will assist in financing its overall capital expenditure and working capital program for 2007 through 2009. The three-year capital expenditure program includes construction of the Victoria Island Mall Plaz

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Project Information

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The project “UPDC Company” is an infrastructure initiative in the Water Supply and Storage sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Contact

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Phone

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Email

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Address

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Description

Description

UACN Property Development Company PLC (UPDC or the company) is a leading Nigerian property development and management company listed on the Lagos stock exchange. As UPDC continues to grow, IFC will assist in financing its overall capital expenditure and working capital program for 2007 through 2009. The three-year capital expenditure program includes construction of the Victoria Island Mall Plaza consisting of a complex of 36 high-end town houses, a 15-story office tower, a multistory car park with 252 spaces, a shopping center and a 160-room hotel. IFC’s financing will be used mainly for the Victoria Island Mall Plaza project.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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