Mixed-use land joint venture
Joint Venture This Is Lekki's Next Waterfront Headline.20000sqm
* Waterfront power move: 20,000 SQM lekki phase 1 extension dual carriageway frontage linking lekki foreshore to phase 1 * This is Lekki's next waterfront headline. And it is 20,000 sqm of it. *The Location That Commands Attention:* Off Ladipo Latinwo Crescent, Lekki Phase 1 Extension. Sitting directly on the new dual carriageway connecting Lekki Foreshore to Lekki Phase 1. High visibility today, heavy traffic tomorrow. Certified survey plan in place. Clean for due diligence. *The Asset:* - *JV Land Size:* 20,000 sqm. Owner holds 30,000 sqm total - *Type:* Waterfront. Direct access for premium residential, hospitality, or mixed-use - *Note:* Part of the land requires sandfilling. Factor this into project costing and timeline - *Land Value:* ₦1.5M per sqm. ₦30 Billion for 20,000 sqm *The JV Structure:* - *Sharing:* 60/40. Developer 60%, Landowner 40% - *Entry Premium:* ₦900M non-refundable - *Facilitation Fee:* 10% *Why This Is a Play:* - *Connectivity:* On the dual road linking Lekki Foreshore to Phase 1. Future traffic and visibility locked in - *Waterfront:* Direct water access for high-end living or hospitality - *Scale:* 20,000 sqm allows for a master-planned estate or phased development - *Docs:* Certified survey plan available. Ready for serious due diligence *Who Moves Next:* Send developer company profile, loi, agency letter, and proof of funds. Serious developers with capacity for waterfront projects only. Inupa