Mixed-use land joint venture
4417SQM of Land Available for Joint Venture
Joint venture partnership at ikoyi, lagos.* Prospective partner: A proven capable financier & developer for the construction of high-density/high-rise top notch luxury apartments. Plot size: 4417m2. Title: Federal Government Certificate of Occupancy. Value of the land: N4.5m per sqm Type of Development: High density/high-rise mix of 50 units *30 units of 4 bedroom apartment *16 units of 5-bedroom apartments *4 units of 5 bedroom penthouse Height: 28 floors or more permissible by lasg building authorities but without crowding... Architects: Paradigm/Rumis. (Developers may present their architects & designs but if both parties disagree on the designs, it will be outsourced to Paradigm Sharing formula: Developer 64%Landowner 36% Premium: N1.3B net Proof of availability of funds to start & finish the project (eg., Bank statement or guarantee or whatever the institution you plan to use). Detailed finishing documents: landowners will provide detailed finishing documents to be applied to their units & common areas if finishing documents by the JV partner is not mutually agreed upon. Facilitators' fee: 10% of land value (neg.)