Residential land joint venture
Banana Island, Ikoyi, Banana Island, Ikoyi, Lagos
Joint venture development opportunity banana island, ikoyi
3,500 sqm waterfront residential zone c of o no land premium 10% facilitator's fee
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jv development overview
- location: banana island, ikoyi -- lagos's most exclusive waterfront residential enclave.
- land size: 3,500 sqm.
- land value: ₦4,500,000 per sqm (total land value approx. ₦15.75 billion).
- title: certificate of occupancy (c of o).
- proposed development: high-end flats and maisonettes across 5+ floors.
- jv structure: no land premium payable by developer.
- facilitator's fee: 10% payable upon deal closing.
- construction requirement: landowner insists on a reputable, standard construction company.
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key highlights & structure
- ultimate luxury address: banana island represents the pinnacle of luxury living in nigeria, offering unparalleled prestige, security, and waterfront views.
- large & rare plot: a 3,500 sqm plot on banana island is exceptionally rare and suitable for a landmark residential development.
- clear jv terms: developer contributes 100% of construction funding; profit sharing is based on agreed terms post-sales. no upfront land cost.
- approved high-rise potential: proposal includes 5+ floors, allowing for a high-density luxury project with significant sales revenue.
- quality assurance: landowner mandates a certified, experienced construction company to ensure top-tier build quality and compliance.
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️ development potential
this partnership is tailored for a landmark:
- ultra-luxury waterfront apartments (3--4 per floor).
- premium maisonettes with private terraces and views.
- high-rise residential tower with concierge, spa, gym, and private marina access.
- a development that sets a new standard for luxury living in nigeria.
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market & partnership context
- elite market positioning: at ₦4.5m per sqm land value, the finished units will target nigeria's and africa's highest net-worth individuals, expatriates, and diplomatic buyers.
- profit potential: despite high land valuation, the no-premium jv model allows the developer to enter banana island without a prohibitive upfront land purchase, focusing capital on construction and finishing to world-class standards.
- ideal developer profile:
- established real estate development firm with a portfolio of completed high-end projects.
- strong financial capacity to fund luxury construction.
- partnerships or in-house capability with a recognized construction company.
- experience in marketing and selling premium residential units.
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final notes
this is a rare, high-stakes jv opportunity in the most exclusive neighbourhood in lagos. it is suited only for a well-capitalized, reputable developer with proven capability to deliver a landmark luxury project.
a chance to co-create an iconic address on banana island, with no land premium and a clear c of o, but requiring top-tier construction credentials and financial readine...
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₦15,750,000,000
Ac Valour International
08036503218