Closing prices from 19 Oct 2026
Last refreshed Oct 19, 2026 17:00 WAT
UPDCUPDC
CONSTRUCTION/REAL ESTATE NGXclosing price · trade date October 19, 2026
Key Trading Data
Latest imported Nigerian Exchange session data.
About UPDC
UPDC Plc is a Nigerian real estate development company engaged in the acquisition, development, sales, leasing, and management of residential and commercial properties.
UPDC Plc, formerly known as UACN Property Development Company, was established in 1997 following the spin-off of the property division of UAC of Nigeria Plc. The company specializes in residential and commercial projects across major urban centers.
UPDC has historically developed residential estates and commercial real estate projects in Nigeria. Around 2020, UPDC underwent recapitalization and restructuring alongside UACN's sale of a controlling stake to Custodian Investment Plc, aiming to reposition the company for sustainable growth and efficiency in the competitive property market.
Strategic Alignment
Around 2020, UPDC underwent recapitalization and restructuring alongside UACN's sale of a controlling stake to Custodian Investment Plc. The recapitalization was intended, according to company disclosures, to strengthen the balance sheet and reduce leverage.
Property Portfolio
The company develops and manages a diverse portfolio of residential estates and commercial assets in major Nigerian metropolitan areas, particularly Lagos and Abuja. UPDC is involved in property acquisition, development, sale, leasing, and management of residential and commercial real estate.