Primrose Development Company, Ltd.

Primrose Development Company (PDC) is a property development company whose roots as real estate developers stretch back over thirty years to its progenitor organizations, Primrose Properties Investment Limited (PPIL) and City Securities Limited. Collectively, the Primrose group of companies have developed and own a property portfolio in excess of $150 million in Lagos, Nigeria. To further increase its control of the critical links in the development process, PDC in conjunction with Gem Group UK acquired the Nigerian building operations of Grinaker-LTA Construction of South Africa, one of the largest construction and engineering companies in sub-Saharan Africa in March 2009 to form a new entity called “Krane Grinaker-LTA Construction Limited”. This acquisition enhances PDC’s project delivery and the execution capability, and further distinguishes the firm from its competitors in the market with the integration of the development and construction disciplines. PDC offers a unique and unprecedented value proposition covering all the core skills and requirements fundamental to the success of a real estate venture.