Land joint venture
Eko Atlantic City, Lagos
New jv opportunity --- eko atlantic
project: joint venture opportunity --- prime 9,100 sqm land parcel, eko atlantic
note: images are for illustration purposes
quick overview
- asset: land parcel for jv development
- size: 9,100 sqm
- location: eko atlantic (seafront/reclaimed land) --- premium lagos waterfront district
- preferred concept: high‑rise development (up to 45 storeys) --- owner seeks high‑rise scheme partner
- land value (indicative): us$18,000,000
- title: certificate of occupancy (c of o) --- documents to be provided for verification
- premium: nil (seller indicates no additional premium payable)
- facilitator's fee: 7% (payable on successful completion/transfer per facilitator agreement)
opportunity summary
a strategic jv opportunity to deliver a landmark high‑rise development in eko atlantic on a 9,100 sqm seafront plot. with a clear c of o and a preferred 45‑storey programme, this site is suited to a trophy mixed‑use or residential tower development --- an ideal proposition for experienced international or domestic developers seeking a flagship asset on lagos' premier reclaimed coastline. the asset offers scale to achieve a large gdv and market attention; the vendor is open to joint venture structures that combine land equity with developer capital and delivery expertise.
key selling points
- prime eko atlantic location --- prestige waterfront address with institutional-grade neighbourhood infrastructure and rising global profile.
- sizeable landbank (9,100 sqm) sufficient for a high‑rise tower or multi‑tower podium + tower configuration.
- c of o in place --- streamlines title risk (buyer to verify certified documents).
- preferred 45‑storey scheme aligns with market demand for trophy residential, serviced apartments, branded residences and premium office/hotel components.
- no premium indicated --- simplifies commercial negotiation (confirm with solicitor and government records).
- strong exit options: luxury apartment sales, serviced apartments, hotel operator sale/lease, or long‑hold asset for institutional investors.
suggested development concepts (illustrative)
- single 45‑storey mixed‑use tower: luxury residential apartments (1--4 bed), duplex sky villas/penthouses, podium retail and f&b, branded hotel or serviced residences on lower/mid floors.
- twin‑tower podium + tower scheme: lower-rise commercial/retail podium facing promenade with two residential/hotel towers maximizing waterfront views.
- branded hospitality + residences: 5‑star hotel operator + branded residences and private sky villas; strong positioning for hnwis and business visitors.
- premium office/grade‑a commercial component combined with luxury residential where market appetite supports mixed use.
commercial jv structures (typical options)
- land‑for‑equity jv: owner contributes land valued at us$18m into an spv; developer contributes design, finance, construction and marketing. profit/share split to be negotiated (examples: 60:40 developer:landowner, 55:45, or bespoke waterfall returns depending on land valuation and risk).
- forward sale / build‑and‑sell: developer finances and constructs; landowner paid land value in cash (or phased payments) or a hybrid of cash + profit share.
- build‑to‑hold / long‑term asset co‑ownership: institutional jv with long‑term income/asset management focus; rental yield sharing and professional property management.
- phased parcel jv: subdivide the 9,100 sqm into phases for different product types and investors to optimise cashflow and de‑risk delivery.
commercial considerations & facilitator fee
- land value benchmark: us$18m (indicative) --- final valuation to be confirmed via independent appraisal.
- facilitator's fee: 7% of the agreed transaction value / fee base --- payable on successful closing per facilitator agreement (confirm basis and timing in term sheet).
- no premium recorded (vendor indicates nil) --- buyer should verify with relevant authorities to confirm absence of outstanding government premiums or obligations.
planning, technical & statutory considerations
- verify permitted height/far and design envelope with eko atlantic authority and relevant lagos state planning authorities --- 45 storeys requires early pre‑application consultations.
- coastal & marine engineering: confirm reclamation stability, shoreline protection, piling strategy and any special geology/geotechnical requirements.
- environmental & flood resilience: eia/sea review, stormwater/drainage design and resilient podium/finished‑floor strategies.
- utilities & infrastructure: confirm capacity for power, water, sewage, telecoms and district utilities; coordinate service reinforcement if required.
- transport & access: road connections, emergency access, parking requirement and loading/service arrangements.
- statutory approvals: building permit, environmental permits, fire & safety, and any eko atlantic-specific compliance protocols.
financial & delivery considerations (high level)
- early feasibility recommended: architectural massing, preliminary gfa estimate, qs cost plan and market sizing to determine gdv and profitability.
- construction complexity: deep foundations/piling and marine considerations will influence cost and programme --- allow contingency.
- sales & exit strategy: branded marketing for premium buyers, pre‑sales strategy for cashflow, jv governance for pricing and release strategy.
- timelines: feasibility & approvals (2--6 months), detailed design & procurement (4--8 months), construction (36--48 months depending on scope), phased sales throughout construction.
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: d...
More details
$18,000,000
approx. ₦27,394,748,586
The Build Centre Properties
09028190510