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The Residences, Festac

The Residences is a spanking new residential apartment complex from the stables of UPDC Plc, the leading real estate development firm in Nigeria. The Residences can only be described as an “Oasis in the Desert” due its quaint location in the surrounding environs of Festac / Amuwo-Odofin and gently nestled in the center of a mixed-use development to accommodate all your needs as a resident. The location is about 25 minutes’ drive from Lagos Island and 30 minutes’ drive from the airport. This unique and ultra-contemporary development consists of 192 units of 1 & 2-bedroom luxury serviced apartments with fully fitted open-plan kitchen. Each unit is fitted with the very best in quality fixtures & fittings with the finishing done to above industry standards to deliver value for money and offering a new lifestyle to residents. The Residences has a rooftop terrace that allows residents to take in the picturesque and breathe taking views of the Lagos skyline and can also be used for parties. The Residences is encircled around a host of amenities and facilities (the first of its kind in Lagos) that would make life easy for residents and greatly reduce the strain of driving through Lagos traffic to enjoy quality leisure time or retail shopping experience. For investors looking to invest in the highly lucrative Lagos real estate market, The Residences gives the perfect opportunity to do so as it offers both high capital growth and rental income (short-lets) prospects. Investors can acquire a unit which will be managed through a third party with guaranteed income returns. The Residences also has 8 floors of commercial offices with over 5,000 sq.m GLA for those seeking office space in a location that has close proximity to the Apapa port and excellent road network.

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The Residences is situated right next to the Golden Tulip Hotel a 4-star hotel that offers a wide range of services and facilities to business guests and leisure visitors with its tastefully finished rooms, banquet hall and meeting rooms, fully fitted gym with spa and sauna, bars, adult and children swimming pool, squash court, exotic lush tropical garden, marque (for weddings and occasions) and a Michelin starred restaurant that provides both African and Continental cuisine in buffet to satisfy even the hungriest of guests. A major benefit for residents living in “The Residences” is that they will have access to enjoy the services of the hotel although at a much subsidized cost. Directly opposite “The Residences” is the Festival Mall. The Festival Mall is a retail facility that offers 10,000 sq.m of retail space catering to the immediate geographic area. The mall has Shoprite and Silverbird Cinema as its anchor tenants. The multiplex cinema has 4 viewing bays. The mall also has a range of retail line and F&B shops offering different products such as high street designer fashion, telecoms, health & beauty, pharmaceutical, adult and kids boutiques, fitness and electrical. Lastly, it has food court for food retailers.

The Residences will be delivered by June 2016 and units are still available. For sales and enquires, please contact Ms. Titilayo Gbadamosi on 07043050195 or e-mail: tajayi@updcplc.com

Facilities:

  • Sewage Treatment Plant
  • Borehole and Water Treatment Plant
  • Fire Alarm System
  • Burglar Alarm System
  • Extensive Parking Lot
  • PHCN and Standby Generator
  • Comprehensive Facility Management
  • 24/7 Security
  • Mixed-use Development
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