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APD Limited

From Insurer Brain
APD Limited
Corporate identity
TypeLimited company
RegulatedNo
License typeServices/Operational (property holding and development)
Incorporation2010
CountryNigeria
Ultimate parentAXA SA
Group statusSubsidiary
Business & markets
Operating statusActive
Lines of businessProperty holding, Leasing/rental income
Geographic marketsNigeria (Lagos)
Key financials (2024)
CurrencyNGN
EquityNGN 13,012,237 (N'000)

🏗️ APD Limited is a Nigerian property holding and development entity within the AXA Mansard group, incorporated in 2010 and associated with a commercial office property at Plot 928A/B, Bishop Aboyade Cole Street, Victoria Island, Lagos.[1] AXA Mansard Insurance Plc holds 55.70% of the entity, which is presented as a controlled subsidiary with non-controlling interests in the group's consolidated financial statements. Group disclosures indicate that the interest in APD may be held indirectly through AXA Mansard Health Limited. For FY2024, APD Limited's disclosed net assets were NGN 13,012,237 thousand, and the office building is carried as investment property generating leasing and rental income.[1] Standalone statutory identifiers and separate financial statements for APD were not located in publicly accessible sources.

References

  1. ↑ 1.0 1.1 "AXA Mansard Insurance Plc — Financial Statements for 2024" (PDF). Nigerian Exchange Group. April 2025.