UPDC begins Pinnock Prime Estate scheme
Towards establishing a new benchmark for luxury estates, Messrs UPDC Plc, has begun infrastructure works for its site and service scheme known as Pinnock Prime Estate in Lekki, Lagos.
The high-end residential development is located on a 1.47-hectare space and consists 13 plots (nine low-density plots and five high-density plots). It will incorporate a range of facilities required to create a luxury lifestyle for the residents.
Essentially, the facilities will include a secure gate access with security features, visitors’ parking, tree-lined road network with jogging/cycling pathways, water and a sewage treatment plants, power supply with underground cabling and a fully staffed facilities management office. Other facilities include a park and picnic area for the estate residents and a children’s play area.
Already, Formwork Limited has been appointed as the main contractor with Messrs Mar and Mor to serve as the Mechanical, Electrical and Plumbing Engineering (MEP) contractors.
Pinnock Prime Estate will be maintained by UPDC FM, a company will ensure the estate is well maintained, safe, and appreciates in value over time, while development control within the estate will be managed by the UPDC development control team, whose role is to review and approve all development plans in line with the approved guidelines for the estate, as well as monitor construction.
Speaking at the commencement of construction work at the project site, the Chief Executive Officer, UPDC, Mr. Odunayo Ojo, explained that series of processes, including design and obtaining planning approvals have been completed.
He said the site and services scheme enables subscribers to design housing to their taste, provide personal architecture design and finishing.
Ojo said the cost of the infrastructure will run into billions of naira and delivered to subscribers in about eight-months time.
“Housing development is made more difficult because of lack of basic infrastructure like power, road, water treatment. The lack of the infrastructure leads to increase in the cost of a project. As the government and private sector work together to deliver the background infrastructure to our cities, it will lead to a reduction in the cost of housing for the public. The estate comprises low-density plot for two family dwellings, per square metre is N350, 000 and high density plot for multi-family unit apartment, N400, 000 per square metre,” he said.
UPDC Director of Development, Bidemi Fadayomi, said: “ We see our role as not just providing distinctive lifestyle properties but also being at the forefront of championing issues in the industry from gender equality to sustainable development. The sector has the responsibility and potential to be a key player in achieving climate and environmental sustainability targets.
Fadayomi said: “As developers, we have a track record of developing exceptional residential schemes from Metro City in Abuja to Pinnock Beach Estate and the latest addition, Pinnock Prime Estate.” The project will be delivered by the last quarter of 2022.
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