32.65 Acres Commercial Land

Property Details Location: Jakande, Lekki, Lagos Transaction Type: Joint Venture (JV) Land Size: Approximately 32.65 acres Development Concept: Sites and Services Stated Land Value: ₦65,000,000,000 (₦65 Billion) Title: Lagos State C of O and Deeds, as stated Facilitators' Fee: 10% Sharing Formula: To be discussed Zahari View This large-scale joint venture opportunity in Jakande, Lekki, Lagos, presents a potential development proposition for an experienced real estate developer with the financial capacity and technical expertise to undertake a substantial sites-and-services project. With an approximate land area of 32.65 acres and a stated land value of ₦65 billion, the opportunity may appeal to developers seeking to plan and deliver a coordinated residential layout in phases. A sites-and-services scheme typically involves preparing plots and essential infrastructure to support future development, with the precise scope depending on the approved master plan, planning requirements and agreed project structure. The proposed joint venture sharing formula remains open for discussion. This is a central commercial consideration because the arrangement will determine how the landowner and developer contribute to the project and share the resulting benefits. Before negotiations advance, both parties should establish their respective obligations, infrastructure funding responsibilities, project timeline, revenue or unit allocation structure and the conditions for completing each phase. Property Highlights Large-scale landholding in Jakande, Lekki, Lagos. Approximately 32.65 acres. Proposed sites-and-services development. Stated land value of ₦65 billion. Lagos State C of O and Deeds stated. Joint venture structure available for negotiation. Facilitators' fee stated at 10%, with the calculation basis to be confirmed. Potential for phased development, subject to feasibility and statutory approvals. Why This Joint Venture Deserves Attention The scale of the land may provide room to assess a coordinated sites-and-services scheme rather than an isolated plot development. Depending on the approved layout and infrastructure requirements, a developer could evaluate phased delivery of serviced plots supported by the necessary access roads, drainage, utilities and other infrastructure. For a project of this size, the development strategy should be grounded in a detailed feasibility study. The assessment should consider the net developable area after required roads, public spaces, setbacks and other planning provisions; infrastructure costs; market demand; sales strategy; funding requirements; and the expected duration of each phase. The opportunity will also depend on whether the parties can agree on a commercially viable sharing formula and clearly allocate risk. A well-defined agreement should establish how contributions are valued, how development expenses are funded, how revenue or plots are distributed, and how delays, cost overruns or disagreements will be handled. Developer's Perspective: What to Verify Before entering into the joint venture, the prospective developer should independently confirm: The exact land boundaries and surveyed area. The authenticity and current status of the stated Lagos State C of O and Deeds. Ownership records and the landowner's authority to enter into the JV. Any existing mortgages, encumbrances, disputes or third-party interests. The permitted land use and applicable planning requirements. The feasibility of the proposed sites-and-services layout. The net developable area after roads, drainage, utilities and other required provisions. Existing site conditions, access and infrastructure availability. Environmental, drainage and flood-risk considerations. The cost and approval requirements for roads, utilities and other infrastructure. The intended project phases, funding schedule and delivery milestones. The basis and payment terms for the facilitators' fee. Independent legal, surveying, planning, engineering and financial reviews are recommended before the parties make binding commitments. Joint Venture Structure and Commercial Considerations The sharing formula is to be discussed, so the parties should not assume a particular percentage or allocation of plots, units or revenue. Key terms to negotiate include: Landowner's contribution: The land interest being contributed and the agreed valuation basis. Developer's contribution: Capital, infrastructure, professional services, project management and other obligations. Sharing arrangement: Whether the parties will share serviced plots, gross revenue, net proceeds or another agreed benefit. Infrastructure funding: Responsibility for roads, drainage, utilities and other site preparation. Project phases: Approval milestones, construction schedule and delivery obligations. Facilitators' fee: The party responsible for payment, the fee calculation basis, payment trigger and whether the stated 10% applies to the land value or another agreed amount. Governance and reporting: Decision-making authority, financial records and project oversight. Default and dispute resolution: Remedies, exit provisions and procedures for resolving disagreements. These terms should be documented in a professionally prepared agreement after appropriate legal and financial due diligence. Investment Perspective The stated land value is ₦65 billion. At this scale, the developer should evaluate the acquisition or contribution value alongside the cost of infrastructure delivery, statutory approvals, professional fees, financing, marketing and project administration. The approximately 32.65-acre land area should be verified through survey documentation. The gross land area alone does not establish how many serviced plots can be delivered; that figure depends on the approved layout, road network, public facilities, setbacks and other applicable requirements. A detailed financial model should test the project's viability under different sales, cost and delivery scenarios before the parties finalise their sharing arrangement. Investor / Developer Note This opportunity is best assessed as a structured development partnership rather than a land transaction alone. The key considerations are the verified title, developable area, infrastructure requirements, capital commitments and a transparent sharing arrangement that aligns the interests of the landowner and developer. Prospective partners should request the relevant title and survey documents, establish the landowner's authority to enter into the transaction, and commission a feasibility assessment before agreeing to commercial terms. For Enquiries & Inspections Phone: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: This listing is based on the information provided and does not constitute independent verification of the land, title, valuation or development potential. The land size, ownership, title documents, planning requirements, facilitators' fee and all joint venture terms should be independently verified and documented before any commitment.