Proposed Development: Blocks of Flats

Joint Venture Opportunity -- Value County Estate, Ogidan, Ajah, Lagos 661 SQM (Plot 6) Close to Sky Mall Proposed: Blocks of Flats Land Value: ₦150 Million Facilitator's Fee: 10% Property & JV Overview

• Location: Value County Estate, Ogidan, close to Sky Mall, Ajah, Lagos.
• Plot Number: Plot 6.
• Land Size: 661 SQM.
• Title: To be verified (likely Governor's Consent / Estate Title).
• Land Value: ₦150,000,000 (≈ ₦226,928 per SQM).
• Proposed Development: Blocks of flats.
• Sharing Formula: To be negotiated between landowner and developer.
• Premium: Not stated.
• Facilitator's Fee: 10% of property value (₦15 Million).
• Status: Vacant land in a developing estate, ready for a joint venture development.

Key Highlights

• Prime Ajah Location: Value County Estate, Ogidan is a growing residential area close to Sky Mall -- a major shopping and commercial hub.
• Clear Development Proposal: The owner proposes blocks of flats -- a high-demand housing type in the Ajah corridor.
• Competitive Land Value: At ₦150M for 661 SQM, this is an attractive entry point for a JV in a developing estate.
• Facilitator's Fee: 10% of property value -- standard and transparent.
• Direct Instruction: Deal directly with the mandate -- streamlined process.
• High Rental Demand: Ajah is a fast-expanding residential hub with consistent demand for quality flats.

Development Potential

• Blocks of Flats: Likely 2--3 blocks, each 2--3 storeys, comprising a mix of 2- and 3-bedroom units.
• Estimated Unit Count: 12--18 flats (subject to design and estate density regulations).
• Amenities: Parking, backup power, water treatment, and security.
• Target Market: Young professionals, families, and investors seeking affordable yet quality housing in Ajah.

Location Benefits -- Value County Estate, Ogidan, Ajah

• Close to Sky Mall: A major shopping and leisure destination -- boosts rental demand and tenant convenience.
• Proximity to Lekki-Epe Expressway: Easy access to Ajah, Lekki Phase 1, Victoria Island, and the wider Lekki corridor.
• Growing Residential Hub: Surrounded by estates, schools, hospitals, and commercial activity.
• Secure Estate Environment: Gated community with controlled access and planned infrastructure.
• Future Appreciation: Ajah continues to develop, driving land and property value growth.

Financial Structure

• Land Contribution Value: ₦150 Million.
• Premium: Not stated -- to be discussed.
• Developer's Role: Provide 100% of construction financing, project management, and sales/letting.
• Profit Sharing: To be negotiated -- typically based on land value vs. total development cost.
• Facilitator's Fee: 10% of property value (₦15 Million), typically paid from the landowner's share upon JV execution.

Next Steps for Interested Developers Interested developers should submit: 1. Letter of Intent (LOI) -- confirming interest and willingness to discuss JV terms. 2. Company Profile -- with verifiable evidence of residential projects completed in Ajah, Lekki, or similar areas. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale (construction cost estimated ₦150M -- ₦250M+). 4. Preliminary Concept Note -- initial design and timeline aligned with the blocks of flats proposal. Due Diligence:

• Upon signing an nda and facilitator fee agreement, the facilitator will provide title documents, survey, and arrange a site inspection.
• Clarify sharing formula, premium (if any), and title status during negotiations.

Ideal Partner Profile:

• A reputable real estate development firm with a proven track record in residential projects.
• Strong financial capacity and ability to fund construction without sole reliance on off-plan sales.

Value County Estate, Ajah JV -- 661 SQM, ₦150M Land Value, Blocks of Flats Proposal, 10% Facilitator Fee. Direct instruction -- serious developers only.