Land joint venture
3,932 SQM of Equity-Based Opportunity
3,932 SQM of development potential a Direct Equity Opportunity Positioned for a 17-Floor Luxury Residential Development Some opportunities begin with a piece of land. This one begins further ahead. At Ikoyi, the groundwork for a significant residential development is already in place --- with piling completed, planning approval secured, an existing design and survey available. What is now being sought is the right equity partner with the capacity to take the project from its current stage through construction and completion. This 3,932 sqm of land is a substantial development site in one of Ikoyi's most established and sought-after corridors. The approved development is proposed as a 17 floors luxury block of flats, giving the project the scale and positioning required for a high-end residential scheme in Ikoyi. The project has therefore progressed beyond the conceptual stage, with key groundwork already undertaken. This is not a conventional land sale. It is an equity-based Joint Venture structured for an investor to participate in the development by providing the required development funding. The investor's equity participation will be determined proportionately against the total project development cost. Investor contribution ÷ total project cost = investor equity share The agreed equity percentage, ownership position, returns and corresponding rights will be formally documented within the JV structure. In other words: The greater the proportion of the project funding contributed, the greater the corresponding equity participation --- based on the agreed JV terms. The project is intended for execution by a Grade a contractor with the technical and financial capacity to deliver a high-rise luxury residential development of this scale. Preferred contractor options include: Itb - Hightech - Kappa - D'Alberto - Eko Development Contractors or another suitably qualified Grade a contractor acceptable to the parties. The land is not simply being offered as a blank canvas. There is already: 3,932 SQM of land Approved planning Existing piling Existing development design Available survey 17-floor development capacity Established Ikoyi location For the right investor, this creates the possibility of entering a project that has already moved through important stages of the development process. And this is a location where land is scarce, development demand remains strong and premium residential projects command significant attention. The site's position within Ikoyi makes it suited to a development targeted at the upper end of Lagos' residential market, subject to the project's final design, approvals and commercial strategy. This opportunity is specifically suited to: Equity Investors Property Developers Real Estate Investment Groups Family Offices Institutional Investors Development Companies The required partner must have the financial capacity, development experience and appetite to fund and execute a 17-floor luxury residential project. This is a serious development opportunity, not a conventional property viewing. The project is being presented to investors who can demonstrate the capacity and genuine intention to participate in the development. Accordingly, an inspection will be arranged for qualified and financially capable parties after initial discussions and confirmation of suitability. If you have the capacity to fund and execute a project of this scale, then this is a conversation worth having. Now seeking the right equity partner to take the development to completion. For qualified investors, developers and investment groups with the capacity to execute, detailed JV discussions can be initiated by prior arrangement. Land Value: Estimated market value of ₦4,500,000/sqm Title: Lagos State Certificate of Occupancy (C of O) Premium: Nil Planning Approval: Approved Current Status: Piling completed Survey: Available and will be provided Agency Fee: 10% Image Code: CPP LD453 To schedule a viewing, send a dm or call +234 813 868 2907 or +234 911 064 9112
