By Kingsley Adegboye
UACN Property Development Company Plc, has unveiled its Pineville estate in Asaba, Delta state. The estate comprising four units of five bedroom detached houses and 16 units of four bedroom semi-detached houses, is expected to be completed in 15 months.
Located on approximately one hectare of land in Asaba G. R. A, the residential estate, according to the developers, features a contemporary design which exudes grace and style. The new estate has undoubtedly added to the magnificence of Asaba, the capital of Delta state. Pineville also adds a touch of exclusiveness by offering only 20 housing units to prospective home owners and is built to instill pride and pleasure to its residents.
The facilities in the estate include swimming pool, gymnasium, children’s playground, sewage treatment plant, borehole and water treatment plant. Others are fire and alarm system, burglary alarm system, PHCN and standby generator, as well as ample parking space for residents and visitors.
Speaking at the ground breaking of the estate last week, Managing Director, UACN Property Development Company, Mr. Hakeem Ogunniran thanked the Delta State Government for its support and cooperation towards the project. He noted that the Pineville Estate is the company’s footprint in the state and it hopes to do more.
“The Pineville estate would be completed in 15 months time precisely, May or June of next year. It would have first class infrastructure and facilities for families who value comfort, security and serenity. It would be a fully serviced estate. With the public introduction of the Pineville Estate, we have had official endorsement from the state government and it has encouraged us to do more”, Ogunniran said.
Mr. Ogunniran gave reasons for embarking on the project. According to him, UPDC’s strategic thrust is to extend her developments to other parts of Nigeria aside the main cities of Lagos, Abuja and Port Harcourt. He added that Asaba has been identified as one of the emerging real estate markets including Uyo, Calabar, due to the current rapid growth and industrialization. He estimated housing deficit in Asaba to be 400,000 units, and about 2.5 per cent of the country’s housing deficit.
Ogunniran who noted that relative security and public perception of safety in Asaba is a boost for urbanization and also a demand driver for residential and commercial real estate in the capital town, pointed out that the high level of economic activities in neighboring Onitsha also has a positive impact on both the residential and commercial real estate markets in the town.
Responding, Delta State Deputy Governor, Amos Utuama who represented Governor Emmanuel Uduaghan, commended the management of UPDC for the investment in the state.
This event is a testimony of the commitment of this administration in attracting private sector investments into the state.
This one in particular, marks yet another milestone in the quest to improve the housing condition of our people,” he added.