Land joint venture
Lekki Palm City Estate, Ajah, Lagos
Notice: *direct developer communication only* (no agents- no mandates)
listing title:
fast‑track jv opportunity ---
size: 776.25 sqm sand‑filled plot
location: (captain's court, lekki palmcity estate, ajah) ---
title: c of o & governor's consent
land value: ₦200m ---
sharing formula: 45/55 partnership
*video available*
overview:
urgent joint‑venture (jv) opportunity for a ready developer: a prime 776.25 sqm sand‑filled plot in captain's court, lekki palmcity estate (ajah). owner is offering an immediate jv --- land is titled (c of o) with governor's consent and comes with approved drawings for 3 detached duplexes. plot is development‑ready and owner seeks a fast, experienced developer (no time‑wasters) to mobilise quickly. sharing proposed at 45:55.
facilitator's fee: 10%.
key property facts
- location: captain's court, lekki palmcity estate, ajah (captain's court)
- plot size: 776.25 sqm (length 35.5 m × breadth 22.5 m)
- condition: sand‑filled (ready for piling/works)
- title: certificate of occupancy (c of o) + governor's consent
- existing package: owner has drawings for 3 fully detached duplexes (can be used or developer may propose alternative schemes except terrace development --- terraces excluded)
- land valuation (owner): ₦200,000,000
- asking jv share: 45:55 (owner:developer) --- reasonable for a fast, fully funded developer
- facilitator fee: 10% (payable on agreed terms
why this is attractive
- development‑ready site (sand‑filled) reduces early mobilisation/time‑to‑ground works.
- located inside lekki palmcity estate --- rising residential demand and good estate management.
- owner already has architectural drawings (3 detached duplexes) --- saves design time and accelerates approvals/build start.
- clear title documentation (c of o + governor's consent) --- supports a smoother transaction and handover.
- compact plot ideal for high‑value detached dwellings or a bespoke luxury development that commands premium pricing in the area.
proposed jv structure (indicative)
- equity split: owner 45% : developer 55% (developer funds construction and manages project)
- owner contribution: land (valued at ₦200m), drawings, c of o & governor's consent, assistance with document handover
- developer contribution: construction financing, project management, securing building permits/approvals, sales/marketing and handover of completed units
- facilitator fee: 10% payable as agreed (typically on transaction closure or as staged per jv agreement)
- profit / unit allocation: to reflect the 45:55 split after costs; detailed financial model and cost schedule to be agreed and appended to jv agreement
developer responsibilities (typical / expected)
- immediate proof of funds (pof) / bank reference and capability evidence
- fast‑track all necessary approvals (building permit, estate approvals, utilities)
- finance and execute construction to the approved drawings (or developer's own approved scheme)
- manage contractors, qa/qc, site supervision and delivery to practical completion
- handle sales, marketing or leasing of completed units (unless jv agrees otherwise)
- provide regular reporting, milestone payments and transparent accounting during the build
owner responsibilities
- transfer of land equity into jv spv or provide legal mechanism needed for jv
- deliver original c of o, governor's consent, drawings and survey documents to legal counsel for verification
- assist with estate introductions and needed consents where required
timing & expectations
- qualification & dd: 7--14 days (title/documents review, site visit, technical checks)
- jv agreement & heads of terms: 7--14 days (subject to pof and parties)
- approvals & mobilisation: target immediate mobilisation on successful jv (developer to fast‑track approvals)
- construction: typical estimate 10--18 months depending on scope and contractor capacity (developer to supply schedule)
due diligence pack (available / recommended)
- original c of o & governor's consent (available for verification)
- survey plan and site dimensions (776.25 sqm)
- owner's architectural drawings for 3 detached duplexes
- evidence of sand fill and basic site readiness (photos/reports)
- estate rules & consent requirements (if applicable)
- on request: structural/soil tests or engineers' reports (if available, else buyer to commission)
pre‑qualification & desired partner profile
we want a credible, quick‑moving developer who can:
- produce immediate proof of funds or bank reference
- commit to fast approvals and site mobilisation
- demonstrate prior delivery of similar detached residential projects in lekki/ajah
- agree to the 45:55 sharing (owner:developer) or propose a better commercial structure with valid rationale
- respect facilitator fee terms (10%) and conclude negotiations promptly
next steps / how to apply
- serious developers only. to proceed please send:
- short company profile. expression of interest letter & track record (2 relevant projects)
- proof of funds / bank comfort letter
- contact person and availability for immediate site visit
- upon receipt of the above, we will provide the full due diligence pack and arrange an accompanied site inspection and meeting with the owner.
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: victo...
More details
₦200,000,000
The Build Centre Properties
09028190510