The Residences @ Festac: Combining luxury and functionality

Within the confines of an upscale development node comprising a hospitality, commercial and retail is The Residences @ Festac- a luxury residential development standing on eight floors with 196 units of one-bedroom and two-bedroom apartments.
Situated on the same premises as Golden Tulip Hotel and the Festival Mall in Festac Town, Amuwo Odofin area of Lagos, The Residences, owned and promoted by AUC Property Development Company (UPDC) Plc was created from the company’s desire to have a truly-mixed community real estate development that will offer comfortable and best-in-class residential, commercial and retail accommodation.
A visit to the facility shows a display of modern architecture and superb engineering that have combined beauty and functionality, offering prospective residents luxury and exclusive residential experience and lifestyle clearly unmatched within its immediate neighbourhood.
The major towns around this facility are Festac Town, Mile 2, Satellite Town, Abule Ado, Trade Fair Complex; the adjoining towns include Okota, Isolo, Ajao Estate, Ire Akari, etc while almost contiguous to it are high profile residential estates that include Crystal Estate, Diamond Estate, Raji Rasaki Estate and Apple Estate.
The Residences captures trends in modern developments where opportunities are provided for living, working and leisure being an accompaniment of a 4-star hotel which comes with commercial and relaxation component. And just by the corner is the ultra modern Festival Mall which offers comfortable and convenient formal retail experience.
“Whether you choose a short-let apartment, an office space or decide to make a home of the building , be rest assured you will always be in the thick of all the activities and goings-on which its prestigious neighbours have to offer,” Hakeem Oguniran, UPDC’s managing director, explained to BDSUNDAY during a tour of the facility recently.
The first luxury residential building of its kind in Nigeria to be part of a mixed development, The Residences offers so much, including waterfront which makes access to Central Lagos and Lagos Island more convenient. It boasts ample parking spaces and, with attention to detail in its development, and the constant entertainment plus excitement within the its vicinity, the facility has everything to write home about.
The one-block facility is a luxury destination with a central area on each floor and three wings each comprising eight apartments.
“There are five elevators for the whole building”, says Titilayo Gbadamosi, UPDC’s Marketing and Sales Manager, adding that top-of-the-range facilities were being put in place for the comfort of the prospective residents, including borehole and water treatment plant, independent power plant, gas infrastructure, HVAC cooling system, sewage treatment plant, fire fighting system-sprinklers and an estate office.
In more ways than one, UPDC proves and demonstrates its leadership of the Nigerian real estate market, and what it has done here with building of a retail facility at the same time with this residential facility by renovating and upgrading the Block B of former Festac 77 Hotel is a testimony to that.
The mall and the residential facility are meant to complement the Golden Tulip Hotel to create an integrated community that offers the Festac community and its environs residential, hospitality and retail opportunities not common in many sub-urban communities of Nigeria.
UPDC acquired the hotel in 2002 under the federal government’s then privatisation programme executed by the Bureau of Private Enterprises (BPE) through a bid tender. “Our decision to acquire the property was motivated by the desire to take a troubled edifice that was once a national pride and create out of it a tourist destination that will reshape the entire landscape of Amuwo Odofin and Lagos state in general. The transformation has been achieved through sheer determination, resilience and commitment of UPDC to deliver on our set objectives”, Oguniran explained.
Continuing, he said, “UACN Plc as an organisation has always prided itself on its contributions to different sectors of the national economy and this Node is a testimony of our avowed commitment to empowering the Nigerian people in general and Lagosians in particular”.

 

CHUKA UROKO