Waterfront Land

A rare 50/50 Joint Venture opportunity is available on a premium waterfront land parcel at Veritas Island by Orange Island, Lagos. With a total land size of 20,000 sqm and an estimated land value of ₦20 billion, this opportunity is structured for developers and investors seeking to participate in a high-value waterfront development without an outright land acquisition. JV Details Total Land Size: 20,000 sqm JV Allocation: 10,000 sqm lots Land Value: ₦1,000,000 per sqm Total Land Value: ₦20,000,000,000 Premium: ₦500,000,000 per 10,000 sqm JV Structure: 50/50 Title: Lagos State Certificate of Occupancy (C of O) ️ Development: Optional Maximum Development: Ground Floor + 2 Floors Facilitator's Fee: 10% of Land Value Facilitator's Fee Structure The 10% facilitator's fee can be settled through: Cash Units Combination of Cash & Units Why This Opportunity Works 1. Premium ₦20 Billion Waterfront Asset A scarce waterfront location with strong demand and significant potential for residential or mixed-use development. 2. 50/50 JV Structure The structure provides an opportunity to participate in the development without an outright land purchase, with the parties sharing the resulting development benefits. 3. Infrastructure Support The landowner is responsible for roads and ipp infrastructure, while the developer handles internal infrastructure and development requirements. 4. Bankable Title The property comes with a Lagos State C of O, providing a stronger foundation for approvals, financing, and potential mortgage-backed sales. Investment Highlights Premium Waterfront Location 50/50 Joint Venture Structure No Outright Land Purchase Required ₦20 Billion Total Land Value C of O Title Infrastructure Support from Landowner Flexible Facilitator Fee Structure Development Potential up to G+2 Location: Veritas Island by Orange Island, Lagos Total Land: 20,000 sqm JV: 50/50 Facilitator's Fee: 10% of Land Value