Residential land joint venture
Mixed-Use Residential Development Land
Joint venture opportunity -- gbagada phase 2, lagos Premium Mixed-Use Residential Development Opportunity An attractive joint venture opportunity is available for an experienced developer to partner with a landowner on a 966.50 sqm mixed-use plot in Gbagada Phase 2, Lagos. Land and Title Details - Land Size: 966.50 sqm - Location: Gbagada Phase 2, Lagos - Title: Certificate of Occupancy (C of O) and Registered Deed of Assignment - Stated Land Value: ₦1.2 Billion - Premium: ₦100 Million, slightly negotiable Proposed Development - Approximately 12--16 luxury apartments - Ground-floor parking - Final unit count and design subject to feasibility, planning approvals and the agreed development scheme Joint Venture Structure - Proposed Sharing Ratio: 50/50 - Owner's Proposal: 14 units in total - Developer: 8 units - Landowner: 6 units The final allocation and commercial terms will be documented in the joint venture agreement. Facilitator's Fee - Fee: 10% of the stated land value - Calculated Fee: ₦120,000,000 - Negotiability: Non-negotiable, as stated by the facilitator The facilitator's fee must be expressly acknowledged in the relevant fee letter and agreed transaction documentation. Next Steps The interested developer is required to submit: 1. A Letter of Intent (LOI). 2. A fee letter confirming acceptance of the 10% facilitator's fee. 3. A proposed development concept and relevant company profile, where available. Following receipt and review of the documents, a meeting will be scheduled with the relevant parties. Serious and qualified developers are invited to express interest. All terms remain subject to due diligence, feasibility assessment, negotiation and execution of definitive agreements.