Thursday, March 28, 2013 12:24 PM / FSDH
This is the last day for the
N30 billion Equity Real Estate Investment Trust (“REIT”) from UACN Property Development Company (“UPDC”), the foremost wholly indigenous real estate company in Nigeria with a successful track record of over 14 years.
The REIT, leveraging on the Sponsor and the Fund Manager’s extensive experience intends to acquire residential and commercial properties in central business districts in Nigeria. The competitive strengths of the properties currently identified include: strategic locations, quality of construction (as evidenced by the reputable construction companies involved), high quality of tenants, historic high occupancy rates etc.
The initial properties to be acquired by the REIT includes: Abebe Court, Ikoyi, Lagos; Victoria Mall Plaza Phase 1 (VMP Residential), VI, Lagos; Victoria Mall Plaza Phase 2 (VMP Office Block), VI, Lagos; UAC Office Block, Central Business District, Abuja; Multi-purpose Commercial Property, Factory Road, Aba.
The Initial Public Offer opened on Tuesday, February 19, 2013 and will close TODAY, March 28, 2013.
The Offer for subscription is 3,000,000,000 units of
N10.00 each at par.
Minimum subscription unit is 10,000 units and in multiples of 1,000 units thereafter
For last minute commitments, kindly contact Tolulope or Chinenye on 234-1-2704884-5 if you are interested in the offer or require any clarification.