By Jude Njoku
The housing profile of Port-Harcourt, the Rivers State capital was boosted last week when foremost property development company, Messrs UACN Property Development Company UPDC Plc, flagged off the construction of a 90-unit luxury estate named Vintage Gardens.
The ground-breaking ceremony was performed by Rivers State Deputy Governor, Mr. Tele Ikuru on behalf of Governor Chibuike Amaechi.
Speaking at the ceremony, the Chairman of UPDC, Mr Ettah said the company’s history in the garden city began many years ago with the development of several residential and commercial properties within the GRA and elsewhere in the city. “UPDC Vintage Gardens is however our first project within the last few years and we are indeed glad to become active again in this city of great potentials,” he said.
Mr. Ettah lauded the Nigerian Air Force Foundation who sold the parcel of land on which the estate will be built to UPDC.
We believe that with Vintage Gardens, UPDC will add great value to the lives of the people of Port Harcourt and Rivers State in general. Our promise concerning Vintage Gardens is that it will be a haven for its residents, where a good quality of life is assured. The estate when completed will comprise of 90 housing units complimented with state of the art facilities.
Its strategic location within the NAFF Estate ensures that residents have easy access to all areas of Port Harcourt. We want to assure the good people of Rivers State that in building this estate, we will conform to the best international practices and we will not have a negative impact on the environment. Vintage Gardens when completed will indeed offer delightful living experience to its residents,” Mr Ettah assured.
Specifically, the Estate will comprise four bedroom semi-detached Houses, four-bedroom Terraces, three-bedroom flats, three bed-room terrace apartments and one-bedroom studio flats.
The company targets to complete work on the project in the next 18 months; while delivery of some of the houses has been planned for February, 2013.
Prominent facilities to be provided at Vintage Gardens include: a swimming pool, lawn tennis courts, ample parking lots for residents and visitors, borehole and water treatment plant, central security system and PHCN electricity and backup power.
Flaunting the advantages of investing in the estate, the company’s managing Director, Mr Hakeem Ogunniran assured buyers of capital appreciation, premium rental income with good rental yield and a good title.
He stated that the fact that the estate is sited in one of the best locations in the garden city which is easily accessible to the Port Harcourt International Airport, is an added advantage.