New Festac Property Development Company Limited has secured a concession from the Federal Housing authority (FHA) on behalf of the Federal Government to sand fill and develop the Festac Phase II land into a world class housing estate with huge positive impact on the Nigerian Economy. The Festac Phase II is to be located beside the Festac Phase I on a Land area of approximately 1,126 hectares in Ado Town.
New Festac Property Development Company Limited (NPPDCL) is a special purpose vehicle (SPV) established in 2006 primarily to bid and develop the Festac Phase II
New Festac Property Development Company Limited has emerged as the preferred concessionaire in the bid to develop the Festac phase II project and thereafter manage the estate on a build, operate and transfer (BOT) concession for an agreed period of 30years (thirty) after which the ownership of the estate shall revert back to the Federal Housing Authority (FHA). This concession will see new properties uprising in the proposed location, of over a thousand hectares of land, which will consist of:
Join our digital mailing list to get news update and be first to know about events on The Festac Phase II Project
12, Nairobi Street, Off Parakou Crescent, Wuse 2, Abuja - Nigeria 23409
Phone: 234(0) 708 407 3962, 234(0) 907 931 7606
info@nfpdcl.com
1st Avenue T-Close,
Festac Town, Amuwo Odofin LGA,
Lagos, Nigeria
0806 290 5974