Commercial land joint venture
2,000 SQM Waterfront Commercial Land
Joint venture (JV) 2,000 SQM lekki waterfront Location; admiralty way, lekki phase 1. Terms & conditions for joint venture partnership - Prospective partner: A proven, capable financier & developer for the construction of high-density/high-rise top-notch luxury apartments. - Plot size: *2,000 sqm. - Title: Federal C of O & Lagos State Governor's Consent. - Value of the land: N5.6 billion - Type of development: high density/high-rise (how many floors). What kind of houses? - Sharing formula: - Developer: 50% - Landowner 50% - Premium: N400m - Proof of availability of funds to start & finish the project (e.g., bank statement, guarantee or whatever the institution you plan to use). - Detailed finishing documents. - Facilitators' fee: 10% of land value