UPDC, a leading Nigerian real estate company owned by UAC, is experiencing a major turnaround. The company recently announced a whopping 177% growth in income, thanks in part to strategic investments and a shift in focus.
This impressive growth follows a period of challenges for UPDC. The company’s CEO, Odunayo Ojo, credits new leadership and strategic changes implemented in 2021 for the positive results. UPDC is now focusing on developing properties for the middle class, a market segment they believe holds significant potential.
Additionally, they’re reaching out to Nigerians living abroad, aiming to make it easier for them to invest in their home country’s real estate market. This strategy builds on UPDC’s previous 15.6% revenue increase since 2018, showcasing a clear trend of recovery and growth.
Source: Daily Trust