Plaza / complex / mall joint venture
JV Commercial Plaza with Apartments
Ikate JV. Along Christ Embasy Rd beside Covenant Christian Center. 820sqm. A combination of malls and apartments. The developer can do ground plus 5 floors. The ground floor and 1st floor will be for malls while the other floors will be for apartments. 50:50 (50 to the landowner and 50 to developer). N50 million. Premium, Facilitator fee: 7% Land value: N850 million. This is a very closacble JV as the landowner is very much available.