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
The Festac Phase II Project:
The Official Website
Project Developer: New Festac Property Development Company Limited
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:
Generic Town Houses
Tastefully Designed Luxury Villas
Block of Flats
High Rise Apartments
Light Industrial Buildings
Own a Property @ Egolima District of New Festac. Download and Fill the Application Form below. Pay the registration fee & Submit the Completed Form at our Office in Lagos or Abuja.
Festac Phase II project is an Estate Developmental Project which involves land reclamation, sand filling and compaction of large area of swampy land and transforming it into a mega city as contained in Festac phase 2 master plan