Joint Venture Property in Lagos

*quick joint venture at idowu martins victoria island* 3,185sqm land size on idowu martins street vi. preference : 10 floors of mixed commercial and residential development *value:* tbd *premium:* tbd *proposal:* 10floors *agency:* 10% *survey plan:* available on requ...

Jv on ligali ayorinde street, victoria island, lagos. fenced bare plot on about 5,146 sqm with lagos c of o. (it's plots c and e in this survey plan). property can accommodate twin towers of 10 floors each. landlord prefers a mixed development of residential and office accommodations (not more than two towers). developer can suggest options with high roi. current value of land is n7.5 billion. facilitators fees: 8% of current value (net bola...

Jv opportunity --- 1,270 sqm akin adeshola st, victoria island, lagos --- land value ₦4,500,000,000 land certificate summary prime 1,270 sqm victoria island site with land certificate offered for a 50:50 joint venture to deliver a 14‑storey development (ground + 1st floors dedicated to parking). facilitator's fee: 10% of land value (₦450,000,000). key facts (clear & factual) - location: akin adeshola street, victoria island, lagos (core vi commercial/residential corridor). - land size: 1,270 sqm. - title: land certificate (to be provided for verification). - stated land value: ₦4,500,000,000. - implied land price: ≈ ₦3,543,307 per sqm. - proposed structure: joint venture (jv) --- 50:50 equity/share of development returns. - facilitator's fee: 10% of land value (₦450,000,000) as stated. - concept: 14 floors total; ground and first floor to be used exclusively for parking. remaining floors for approved residential / commercial use (exact mix to be agreed). project concept --- development brief (as proposed) - total storeys: 14 (g + 13). ground (g) + 1st floors are parking levels. floors 2--13 (12 floors) plus roof-level services/plant available for revenue-generating use depending on planning. - suggested product mix options (developer to confirm with feasibility/planning): - premium residential condominium: apartments from 1‑3 bedrooms; penthouse units on top floors. - mixed-use: retail/amenity at lower commercial floors (subject to local planning), premium office or serviced apartments above. - boutique hotel/serviced residence (operator dependent). - parking provision (illustrative): if building footprint ~800--900 sqm, a single parking level could deliver ~30--36 vehicles (including circulation). with two parking levels, estimated parking capacity ≈ 60--72 vehicles --- actual capacity depends on footprint, ramp design and local parking standards. indicative development capacity --- illustrative (requires confirmation via planning/far) - illustrative net buildable gfa range: dependent on lagos state planning far/plot ratio and setbacks. example scenarios (for initial financial modelling only): - conservative footprint assumption 800 sqm × 14 floors = 11,200 sqm gfa (with 2 floors parking net revenue floors ~9,600 sqm). - higher far scenario increases total gfa --- developer to confirm allowable gfa with planning authority. - unit count example (residential): if average net unit size (incl. parking/share of common) = 90--120 sqm, the project could yield ~80--110 residential units (subject to final mix, gfa and planning). commercial & jv terms (explicit) - equity split: 50:50 (landowner : developer). - land valuation used for jv accounting: ₦4,500,000,000. - facilitator fee: 10% of land value payable as agreed (₦450,000,000) --- confirm payment mechanics and timing in term sheet. - developer to provide capex, project management, construction financing and marketing; returns/profits split 50:50 after recovery of developer costs and agreed fees (exact waterfall to be negotiated and included in jv agreement). - relocation or other owner requirements (if any) to be documented and costed as part of commercial terms. due diligence documents to request / expect from owner (to be provided for review): - original land certificate and certified copy. - survey / site plan and coordinates. - evidence of payment of land rates and receipts. - any prior consents, planning correspondence or restrictions. - id and proof of authority of signatory. from developer (to present to owner): - company cac documents, tax clearance, proof of balance sheet strength or bank comfort letter. - developer portfolio and cvs of key management/technical team. - proposed jv term sheet and preliminary concept massing. technical & planning checks recommended (immediate) - confirm zoning, allowable far/plot ratio, building height limits and parking standards with lagos planning authority. - topographic and boundary verification (pegging). - geotechnical/soil investigation. - preliminary traffic and parking study given two-level parking proposal. - utilities/mep capacity check (power, water, storm drainage, telecom). commercial & legal points to agree early - detailed jv term sheet including: capital contributions, development budget, developer fee, promoter's fee, payment waterfalls, profit distribution timing, off‑plan sales allocation, governance, board composition and exit/buy‑out mechanisms. - facilitator fee mechanics (who pays, when, and tax implications). - how the land value is accounted in the jv company (capital contribution valuation and stamp duty implications). - dispute resolution, warranties and indemnities (title warranty, encumbrances). - timing for commencement, securing permits and practical completion targets. indicative timeline (subject to negotiation & approvals) - nda and submission of developer credentials & pof: immediate. - preliminary site visit and title verification: 1--2 weeks. - planning pre‑application / confirmation of far & permissible use: 2--6 weeks. - legal & technical due diligence: 2--4 weeks (concurrent). - term sheet finalisation and signing: 1--3 weeks after due diligence. - jv/shareholders agreement and project company setup: 3--6 weeks. - construction period: to be defined in project programme (subject to scope & financing). risks & mitigants (matter‑of‑fact) - planning constraints: verify allowable gfa early; mitigant: pre-application with planning authority and engage local planning counsel. - title risk: verify land certificate and conduct registry search; mitigant: seller warranty, title indemnity and escrow arrangements. - facilitator fee size: clarify who bears the facilitator fee (owner or developer) and document payment terms to avoid post-agreement disputes. - financial execution: ensure developer has committed finance lines; mitigant: bank comfort letters, escrowed deposits and phased milestone payments. target jv partner profile - established developer with track record on victoria island / lagos high-end residential or mixed‑use projects. - access to construction finance or equity partners and credible sales/marketing channels. - ability to mobilise technical team (architect, qs, contractor, mep) and obtain planning approvals promptly. call to action --- next steps 1. submit loi and developer credentials + proof of funds / bank comfort letter. 2. sign nda and request certified land certificate and survey pack. 3. arrange site inspection and meet owner to confirm jv expectations (facilitator fee, payment timing). 4. conduct planning pre-application, legal & technical due diligence; produce term sheet and proceed to jv agreement if acceptable. contact: mr. kola adesina (edba) all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. serious proposals only. *how we work* tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properties* ref: m...

Jv on ligali ayorinde street, victoria island, lagos. fenced bare plot on about 5,146 sqm with lagos c of o. (it's plots c and e in this survey plan). property can accommodate twin towers of 10 floors each. landlord prefers a mixed development of residential and office accommodations (not more than two towers). developer can suggest options with high roi. current value of land is n7.5 billion. facilitators fees: 8% of current value (net bola...

Contemporary 5 bedroom fully detached duplex for sale. amenities: - [ ] fitted kitchen with accessories - [ ] modern day pop ceiling - [ ] detailed finishing - [ ] wardrobes - [ ] luxury finishing - [ ] water heater - [ ] heat extractor - [ ] ample parking space - ⁠[ ] bq - ⁠[ ] cinema - ⁠[ ] swimming pool location: ikota lekki, lagos price: 6...

Joint venture opportunity 1,340 sqm prime land, osapa‑lekki governor's consent land value ₦800,000,000 --- owner relocation premium summary 1340 sqm development site in osapa, lekki with governor's consent. owner is open to joint‑venture or sale; indicated land value ₦800m. owner relocation is required as the premium (to be agreed). proposal structure: open --- developer/partner sought to execute high‑value residential or mixed‑use scheme. key facts (concise & factual) - location: osapa, lekki (high-demand residential/commercial corridor; proximate to lekki phase 1/2 and major amenities). - land size: 1,340 sqm (0.134 ha). - title / entitlement: governor's consent (documents available for verification). - vendor position: open to jv or outright purchase; land value stated at ₦800,000,000. - premium requirement: owner to be relocated as part of the deal (relocation cost/alternative accommodation to be negotiated and included in commercial terms). - proposal: open --- vendor welcomes a variety of structuring options (land‑for‑equity, profit share jv, land sale + relocation fee, build‑to‑sell/lease). implied pricing (for reference) - stated land value: ₦800,000,000. - implied price per sqm (for straight sale comparison): ≈ ₦597,015 / sqm. why this site is attractive - osapa is a sought‑after lekki micro‑market with strong demand for premium residential product, boutique apartments and low‑rise luxury townhouses. - site size (1,340 sqm) is well-suited for high-margin, medium-density developments (townhouse cluster, boutique apartment block, small mixed‑use). - governor's consent in place reduces title transfer delays compared with raw consent issues; attractive to institutional developers who require clean documentation. - flexible vendor stance allows creative jv structures that can accelerate entry and reduce upfront cash outlay. highest‑and‑best‑use (recommended) - boutique low-rise residential development: 6--12 luxury townhouses or ~20--40 high-end apartment units depending on far and approvals. - small mixed‑use: ground-floor retail / offices with residential units above. - serviced apartments / executive rental product for corporate/leisure demand. - owner-occupier development or landbank for capital appreciation. suggested jv structures (illustrative; vendor open to proposals) 1. land‑for‑equity (common) - owner contributes land (valued at ₦800m) as equity; developer contributes capex and development management. - equity split depends on capex requirement; common starting range: land‑owner 20--40% equity (negotiable). - relocation premium handled as an additional cash payment or allocation of finished unit(s) to owner. 2. profit‑share jv (preferred by some owners) - joint development agreement: profits split after cost recovery; owner receives relocation premium as pre‑approved cost or out of seller receipts. - developer funds construction; owner receives agreed % of net profit (e.g., 30--50% depending on inputs). 3. sale + relocation fee - straight sale at ₦800m plus negotiated relocation fee (cash or property). good for buyers who prefer ownership without jv complexity. 4. build‑and‑sell with owner buy‑in - developer builds, owner given option to buy specific units at preferential rate as part of relocation arrangement. note: exact structure, relocation mechanics and tax treatment to be agreed and reflected in term sheet. key commercial considerations to agree early - relocation premium: define whether relocation is cash, alternative property, or provision of agreed unit(s) in finished development; quantify cost and timing. - valuation base: confirm the land valuation and whether vat, stamp duty, capital gains or other taxes apply. - governance: management of project company, board composition, decision thresholds, appointment of contractors and operator. - cost allocation & waterfall: clear definition of capital recovery, developer fees, promotion fee and profit waterfall. - title and transfer mechanics: confirm how land contribution or sale will be effected given governor's consent. due diligence & documents buyer/developer should request - certified governor's consent documentation and any supporting approvals. - survey plan, site plan, and boundary confirmations. - chain of ownership / conveyance documents and evidence of possession. - land rate and tax receipts; search for encumbrances or caveats. - zoning / land use classification and permissible far/building heights from lagos planning authority. - topographic, geotechnical (soil) and drainage reports (if available). - utility availability report (power, water, drainage, telecoms) and road access details. - any pending disputes, leases or third‑party rights. - id and authentication of the owner and authority to enter jv. or phased). buyer / partner profile (ideal) - experienced boutique developer comfortable with high‑end residential product in lekki. - consortium (developer + capital partner) able to fund construction or secure developer finance. - investor willing to structure creative land‑for‑equity deals and manage owner relocation sensitively. - operators (serviced apartments/hospitality groups) seeking small, well‑located asset. transaction process --- recommended next steps 1. submit formal expression of interest (eoi) and proof of capacity (pof / bank comfort letter). 2. sign nda and request certified title and governor's consent pack. 3. arrange site visit and meet owner to clarify relocation expectations. 4. conduct legal and technical due diligence; prepare preliminary concept and pro‑forma. 5. negotiate and sign term sheet outlining structure, relocation premium, timelines and milestones. 6. draft and execute jv agreement or spa; mobilise to commencement per agreed programme. contact: mr. kola adesina (edba) all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. serious proposals only. *how we work* tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properties* ref: w...

Urgent joint venture 1053.79sqm of land at block 5,plot 17, lekki scheme ii off ogombo road, ajah,lekki,lagos. proposal- 7 units of 3 bedroom terrace sharing: owner 3 units/ developer 4 units premium -none title - c of o land value- #250m facilitators-10% net. bola...

Joint venture deal size: 730sqm land sharing ratio: 55/45 proposal: blocks of luxury 2bedroom apartments facilitators fee: 10%net note: only developers should be contact us for inspecti...

*joint venture land at ikeja - 100% deliverable* location: along awolowo way ikeja lagos land size: 2,000 square meters title: certificate of occupancy proposal: open land value: 2billion premium: 10milion broker fee: 10% of land value procedure: -letter of intent -company's profile -past project details -proposal -an official letter, agreeing to 10% brokers fee note: all the sqm is 2900 sqm but owner wants to sell 900 sqm for outright sales and 2000 sqm for joint venture. any interested developer is free to do 2000 sqm joint venture and pay 10 million for premium #rokeebat#~lamo(b...

for sales magnificently built 5 bedroom fully detached duplex with bq location: omole phase one price: ₦650m (asking price ) title: certificate of occupancy features: - all rooms ensuite - pop ceilings - spotlights - fitted kitchen - dining area - guest room - family lounge - concrete floor - balconies - chandeliers - bq - water heaters - water closets - wardrobes - walk-in showers - ⁠swimming p...

*jv jv jv* fresh joint venture at adekule fajuyi way ikeja gra land size:1226sqm location: ikeja gra proposal: the landlord want blocks of flats, 20units of 3 bedroom flats and one mini flat land value: 800m premium: 40m net sharing formula:50/50 tittle:c ofo facilitators fee: 10% net. b11l21k5t2 #rokeebat#temini(buko)(b...

Hot joint venture at prestigious ikeja gra.i location: oduduwa crescent.i land size: 1302sqm proposal : units of 2/3 bedroom flats + bq on 4 floors title: c of o value: 1.3m/sqm premium: 120m negotiable sharing formula: 50:50 facilitators' fees: 10%. hurry!!!. thank you....

Joint venture investment opportunity direct deal with the landowner and developer. location: abraham adesanya, lekki, lagos land size: 1,918 sqm title: global c of o development concept: 15 terraces (already approved) 5 units currently under construction verified off-takers in place seeking investors to complete the remaining 10 units terraces going for 110m at offplan price. 130m upon completion. land value / total price: ₦250m proposed profit sharing: 65/35 direct deal with the landown...

*closeable joint venture development partnership properties* a parcel of land of approximately 1,238sqm located in a gated and secured estate (close to megamound estate) access through adenike olotu street off mobil road, ilaje, ajah *proposal* - open *property value* -n400m *facilitators fee* -10% of property value *sharing ratio* 50:50 -tittle:c o...

Just in: developer delight: *jv jv jv jv at lekki scheme 2 without premium:* *land size:* 2000sqms residential sandfilled fenced & gated bareland directly on paved street in an estate directly on ogombo road. value: ₦400million. title: governors consent. open proposal. sharing formula: 50/50. facilitators fee: 10% video & survey available bola...

Talk to semi mandate jv a standard, solid land land size: 2,500sqm of land. location: magodo phase 2, shangisha estate, lagos title: c.of.o value: ₦1.5b proposal: open sharing: 50:50 premium: nil facilitators fee: 10%. _gaad24_ #rokeebat#temini(pil...

*joint venture deal* *magodo phase 2* *dealing with the mandate and the owner* we have 2200sqm in magodo gra *premium : none* *value 1.2bm* sharing formular to be discussed with the owner *note : it requires little piling* facilitator's fee 10% value of land *title lagos state c of ...

*joint venture at johnson street off coker road, ilupeju estate."* * description: its an approximately 800m2 property along johnson street, ilupeju. the location is residential and suitable for redevelopment. * preference is a residential block of 10 flats. * property value is n800m. * premium is n60m * title is cofo. lets have your offer or proposal. . jv jv jont ventures, % closa...

*joint venture at johnson street off coker road, ilupeju estate."* * description: its an approximately 800m2 property along johnson street, ilupeju. the location is residential and suitable for redevelopment. * preference is a residential block of 10 flats. * property value is n800m. * premium is n60m * title is cofo. *survey plan:* available on request *inspection:* call lets have your proposal. . jv jv jont ventures, % closa...

Spacious 2 units of 5 bedroom, all ensuite in a prime location. ripe for redevelopment. 750,000,000 for both units. title: deed of assignment. c of o can be used for both residential and commercial purpos...