By Jude Njoku

Messrs UACN Property Development Company, UPDC PLC, last week, added to his rich property portfolio when it flagged off the construction of a N5 billion premium estate described as “a home by the sea” in the highbrow Lekki Peninsula in Lagos. Named James Pinnock Place, after one of the progenitors of UPDC, the estate which would be sited on three hectares of land, is the third phase of Pinnock Beach Estate development. The entire Pinnock Beach Estate scheme occupies 84.11 hectares of land in the Lekki axis.

Speaking at the groundbreaking ceremony of the new estate, the Managing Director of UAC Group, Mr. Larry Ettah said UPDC has promoted the development of some landmark estates which include Cable Point, Treasure Gardens, UPDC Estate, Romay Gardens and Metro Gardens in the Lekki corridor. He described James Pinnock estate as a value proposition for the company’s customers in view of its “unique designs, expansive spacing, alluring greenery and world class facilities and amenities”.

Ettah who is also the Chairman of UPDC said the estate was “ envisioned and would be developed into a best in class residential community with a picturesque, serene and secure environment. Emphasis is placed on communal living in a neighbourhood with the provision of green areas and recreational facilities for the children, adults and families”.

Managing Director of UPDC, Mr Hakeem Ogunniran said James Pinnock estate would be delivered in 18 months time, The estate, according to him, will consist of four house types comprising 11 units of five-bedroom detached Houses with servant quarters; 28 units of four-bedroom semi-detached Houses with servant quarter; 42 units three-bedroom apartments with servant quarters and two units of four-bedroom Maisonette with servants quarters. The prices, he said, range from N50 million to N120 million.

Ogunniran who said interested buyers have the opportunity of choosing from finished or semi-finished options, assured them of good returns on their investments. He further told the guests that first class recreational facilities to be provided in the estate, would be managed by company. The facilities include, swimming pool, gymnasium and children’s playground.

“The rooms in the estate will be equipped with air conditioning system, fully fitted kitchen, en-suite rooms and external CCTV. Other facilities include 24/7 power supply, borehole and water treatment plant, fire alarm system, burglar alarm system and ample parking space for residents and visitors,” he said.