There are 114 land joint venture in Ikoyi. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Hot ikoyi JV Land Size: 3,200sqm *Location: Ilabire Rd, Ikoyi *Land Value: N4.3mill per sqm Premium - Nil *Title: C of O Proposal: Minimum of 7 -8 floors Facilitators Fee: 10% of the Land value. Sharing ratio: 50 -50 Behind is the type of property the land owner needs on it. #awdsams
Ilabire Road, Ikoyi, Lagos
Added today
3200 sqm
Awodd Properties LTD
Premium
₦4,500,000
Land joint venture
Land 2800SQM
Ikoyi JV joint venture development Land measuring 2800 sqm Location: Glover Rd, Ikoyi Land Value: 4.5m per sqm Premium - Nil Title: C of O Proposal: (Minimum of 15 floors) Developer who has done highrise Facilitators fee: 10% of the Land value. Bis
Ikoyi, Lagos
Added today
Bentol Home Plus
Premium
1
₦5,000,000,000
Mixed-use land joint venture
511.66 Acres Waterfront Reclamation Investment
511.66 Acres Waterfront Reclamation Investment This is a rare opportunity for experienced investors and reclamation developers to partner on one of Lagos' most significant waterfront projects. Key Highlights: Location: Banana Island Estate, Ikoyi, Lagos Land Size: 511.66 Acres (Reclaimable) Title: Survey & Registered Supreme Court Judgment Premium: ₦5 Billion JV Structure: Sharing Formula -- To Be Agreed Facilitators' Fee: ₦2 Billion + 10% land allocation (or monetised equivalent) Water Access: Accessible via the Marina Waterway Investor Responsibilities: - Perfect the property's title. - Obtain all required reclamation approvals and permits from the relevant government agencies. Transaction Process: - Letter of Intent (LOI) - Company Profile - Fee Protection Agreement (FPA) - Bank Comfort Letter
Banana Island, Ikoyi, Lagos
Added yesterday
Jonela Concept
Premium
1
₦15,728,000,000
Mixed-use land joint venture
3, 932 SQMS Mixed Use Land
Glover Road, Ikoyi. 3,932 SQM. Joint Venture. Planning Approved. Piling Already Completed. ₦4,000,000/SQM. No Premium. This Is Not Raw Land. This Is a Site That Has Already Cleared the Slowest Part of the Process. The problem There is a category of Lagos high-rise development conversation that most JV listings never actually reach --- the stage where planning approval is secured and the foundation work has already started. Most JV land offered to developers in Ikoyi is still theoretical. Survey pending. Approval pending. Premium undisclosed until a contractor has already spent weeks in negotiation. The genuine bottleneck for a high-rise contractor isn't finding land in Ikoyi --- it's finding land where the 12-to-18-month approval cycle has already been absorbed by someone else, and where the ground has already been tested and piled. This listing is that site. 3,932sqm on Glover Road, Ikoyi. Lagos C of O. Planning already approved for a 17-floor block of flats. Piling already completed. No premium attached to the land value. The question for a serious high-rise contractor isn't whether Ikoyi land is worth developing. It's whether this specific site --- already de-risked at the two stages that kill most JV timelines --- is worth committing to before another contractor closes it. The agitation Here is what the comparable market shows right now. A near-identical 3,900sqm parcel elsewhere in Ikoyi, also carrying an approved 17-storey high-rise development, is currently listed at ₦15,600,000,000 --- effectively the same size, the same approval status, priced at roughly ₦4M/sqm once premium and terms are factored in. A separate comparable, also close to 3,932sqm in a high-profile Ikoyi location, has been marketed as "closeable" at ₦15,728,000,000. This listing --- 3,932sqm at ₦4,000,000/sqm, no premium --- works out to approximately ₦15,728,000,000 in total land value, placing it directly inside the range both comparables above are asking for. The difference is what this listing has that a purely land-value comparison doesn't show: piling is already completed. On a 17-floor high-rise, piling is not a minor milestone --- it's the geotechnical and structural foundation work that typically consumes months of a project timeline and carries real risk if soil conditions turn out to be difficult. That risk has already been absorbed here. Every month a qualified high-rise contractor spends evaluating a still-theoretical JV elsewhere in Ikoyi is a month this site's timeline advantage compounds. Approval delays are the single most common reason Lagos high-rise JVs stall before a foundation is even poured. This one has already cleared that stage. The solution 3,932 square metres, mixed-use land, Glover Road, Ikoyi. Lagos State Certificate of Occupancy. ₦4,000,000 per sqm, no premium. Planning approved for a 17-floor block of flats. Piling completed. Survey available. Here is what each element actually delivers to the contractor evaluating this deal: Planning approval already secured. The single longest and most unpredictable phase of a Lagos high-rise JV --- Lagos State Physical Planning Permit approval for a 17-floor structure --- has already been obtained. A contractor stepping into this deal is not waiting 12-18 months before construction can legally begin. They are stepping in at the construction phase. Piling already completed. The geotechnical risk on a 17-floor structure is real and expensive to get wrong. Piling completion means the foundation engineering has already been tested against the actual soil conditions on this specific site --- not modeled from a neighbouring parcel's data. This removes a major source of budget and timeline uncertainty before the JV contract is even signed. No premium. The land value is the land value --- ₦4,000,000/sqm, disclosed upfront. No separate negotiation over a premium figure layered on top after due diligence has already consumed time and cost. Glover Road, Ikoyi. A residential and mixed-use street inside the same Ikoyi core that includes Bourdillon, Alexander, and Awolowo Road --- established infrastructure, established demand, not a developing axis with unproven absorption. Lagos State C of O, survey available. Title documentation ready for immediate solicitor review --- a straightforward due diligence process rather than a title chain requiring reconstruction. Why this beats the alternative JV sites currently on the market. The two closest comparable parcels --- both around 3,900sqm with a 17-storey approval --- are asking a similar or higher total land value without disclosing whether piling has been completed. A contractor evaluating those sites is still pricing in the foundation-stage risk this listing has already removed. At the same approximate land value, this is the site with less remaining execution risk. The call to action 3,932sqm. Glover Road, Ikoyi. ₦4,000,000/sqm. No premium. Approved 17-floor block of flats. Piling completed. This is not an offer for a corporate professional looking to buy a home. This is a JV slot for a high-rise contractor or developer with proven capacity to take a piled, approved site to completion. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Serious high-rise contractors only. Survey and approval documentation available for immediate review. The approval is already granted. The piling is already done. The part of this project that usually takes a year has already happened. Land Type: Mixed-use Land --- Joint Venture Size: 3,932 sqm Land Value: ₦4,000,000/sqm (estimated market rate) Premium: Nil Title: Lagos State Certificate of Occupancy (C of O) Survey: Available Owner's Development Preference: 17-floor block of flats Planning Approval: Approved Current Status: Piling completed Contractors Preferred: Experienced high-rise contractors Agency Fee: 10% Location: Glover Road, Ikoyi, Lagos NPC Comparable Context: 3,900sqm parcel, Ikoyi, approved 17-storey high-rise --- ₦15,600,000,000 Closeable ~3,932sqm parcel, high-profile Ikoyi location --- ₦15,728,000,000 This listing: 3,932sqm, Glover Road, Ikoyi, approved + piled --- approx. ₦15,728,000,000 (₦4,000,000/sqm, no premium) Posted: 25 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-895-3
Glover Road Ikoyi, Ikoyi, Lagos
Added yesterday
Smilebay Realties Limited
Premium
1
₦15,600,000,000
Residential land joint venture
Prime 3, 900 SQM with Approved 17-Storey High-Rise Development
Prime 3,900 sqm with Approved 17-Storey High-Rise Development This premium 3,900 sqm parcel on Glover Road, Old Ikoyi already has piling works and building approvals completed for a 17-floor high-rise development, allowing a developer to commence execution with significantly reduced pre-construction timelines. Land Size: 3,900 sqm Title: Certificate of Occupancy (C of O) Land Value: ₦4 Million/sqm Premium: None Proposed Development: 17-Floor High-Rise Tower Status: Piling & Building Approvals Already Secured JV Sharing Formula: To Be Agreed Facilitators' Fee: 10% Transaction Procedure: Letter of Intent (LOI) Company Profile Fee Protection Agreement
Glover Road, Old Ikoyi, Ikoyi, Lagos
Jonela Concept
Premium
1
₦6,500,000,000
Residential land joint venture
1400 SQMS Land
Banana Island, Ikoyi. 1,400 SQM. Joint Venture. ₦6,500,000,000 Land Value. ₦1,000,000,000 Premium. Federal Certificate of Occupancy. This Is Not a Home for a Renter to Buy. This Is the Plot a Developer Has Been Waiting For. The problem There is a category of Lagos real estate conversation that has nothing to do with escaping a landlord --- and this listing sits squarely inside it. Most JV opportunities marketed as "Banana Island" turn out to be undersized, poorly titled, or attached to a landowner whose sharing terms make the arithmetic unworkable before a single foundation is poured. Developers who have spent years circling this island for a genuine build slot know the actual bottleneck isn't capital. It's finding 1,400sqm, Federal C of O, on the island itself, from an owner who has already stated what they want built. This listing removes that bottleneck. The owner has already specified the outcome: a block of luxury flats, or luxury terrace houses with a penthouse. The title is Federal C of O --- the cleanest instrument available on this island. The land size is large enough to support a real development footprint, not a compressed one. The question isn't whether Banana Island is the correct address for a luxury residential development. It's whether this specific parcel, at this specific value, is the one worth committing construction capacity to before another developer does. The agitation Here is what the numbers on Banana Island JV land actually show right now. Recent comparable JV parcels on the island have valued land anywhere from roughly ₦850,000/sqm on older-dated listings up to ₦2.1M/sqm, ₦4M/sqm, and ₦5M/sqm on more recent 2026-dated JV offers --- a spread that reflects waterfront position, zoning, and how recently the parcel was valued. A 1,500sqm JV parcel currently listed elsewhere on the island values land at ₦5M/sqm for a total of ₦7.5B, proposing a mixed low-rise-to-penthouse structure comparable in ambition to what this owner is requesting. This listing --- 1,400sqm, ₦6.5B land value, ₦1B premium --- works out to approximately ₦4.64M per sqm before the premium is factored in. That places it inside the current Banana Island JV range, priced below the ₦5M/sqm comparable cited above, on a parcel large enough to support either of the two development formats the owner has already approved. The scarcity is not abstract. Banana Island's land supply for JV-ready parcels with Federal C of O --- as opposed to Lagos State C of O, or land still working through title perfection --- has been consistently limited, which is precisely why the JV structure exists at all: the owners holding this land are not selling it outright, and they are not releasing it to just any developer. Every month a qualified developer defers engaging this specific parcel, the risk isn't that the price falls. It's that another development partner with proof of capacity closes it first. The solution 1,400 square metres of residential land, Banana Island, Ikoyi. Federal Certificate of Occupancy. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Owner-approved development path: a block of luxury flats, or luxury terrace houses with a penthouse. Here is what this parcel actually delivers to the developer who can close it: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, superior in registration standing to a Lagos State-issued C of O or a Deed of Assignment awaiting Governor's Consent. For a developer financing construction against this land, or presenting to institutional co-investors, a Federal C of O removes the single biggest source of delay and legal risk in a Lagos JV --- title uncertainty. 1,400sqm on Banana Island itself. Not an adjacent axis, not a "Banana Island-adjacent" address used loosely by other listings. This is land on the island the entire luxury Lagos market treats as the ceiling reference point --- the address every other Ikoyi and VI comparable gets measured against, not the reverse. Owner-defined development brief. The owner is not asking a developer to guess what will be approved. Luxury flats, or luxury terrace houses with a penthouse, are already the stated preference --- which shortens the negotiation phase considerably compared to a JV where design intent is still undefined. ₦6.5B land value against a market range of ₦4M--₦5M/sqm on comparable 2026 JV parcels. At approximately ₦4.64M/sqm, this parcel sits inside --- and below the top of --- the current range for genuine Banana Island JV land, before any premium negotiation. ₦1B premium. Disclosed upfront, not buried in a facilitator's fee structure discovered mid-negotiation. A developer evaluating this deal knows the full cost basis before committing time to due diligence. Why this beats the alternative JV parcels currently circulating. Several Banana Island JV listings on the market right now carry ambiguous or undisclosed premiums, Lagos State C of O rather than Federal, or land sizes too small to support anything beyond a compressed low-rise. This parcel discloses its premium, holds the stronger title, and sits at a size that supports a genuine luxury block or terrace-with-penthouse format --- the exact profile that has driven the strongest resale and rental yields on the island over the past several years. The call to action 1,400sqm. Banana Island, Ikoyi. Federal C of O. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Development path: luxury flats or luxury terrace houses with penthouse. This is not an offer for a corporate professional looking to stop renting. This is a JV slot for a developer, construction firm, or family office with the capacity to execute a Banana Island-grade build and the documentation to prove it. Call the agent, or send your company profile for survey review, via Smilebay Realties: +234 901 517 4801. Serious developers only. Proof of construction capacity required before terms are discussed. The island doesn't release land like this often. The title is already Federal C of O. The brief is already written. The developer who closes it hasn't been decided yet. Land Type: Residential Land --- Joint Venture Size: 1,400 sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Owner's Development Preference: Block of luxury flats, or luxury terrace houses with penthouse Security: Security/gateman Location: Banana Island, Ikoyi, Lagos NPC Comparable Context (Banana Island JV/land market, 2026): 1,500.23sqm JV parcel, Banana Island Estate --- ₦5,000,000/sqm (₦7.501B total) 2,300sqm JV parcel, Banana Island (mixed zone) --- ₦4,000,000/sqm + ₦300M premium 1,900sqm JV parcel, Banana Island (corner piece) --- ₦2,100,000/sqm This listing: 1,400sqm, Banana Island --- approx. ₦4,640,000/sqm + ₦1B premium Posted: 24 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-722-7
Banana Island, Ikoyi, Lagos
Smilebay Realties Limited
Premium
6
₦4,500,000,000
Residential land joint venture
3 Acres Plot of Land in a Good Area
3 Acres for Sale or JV in Ikoyi 1.5m naira per sqm (slightly negotiable) 750m per plot 4.5B Per Acre. Property Description : Just 3/4mins drive to ikoyi club. One minute drive to beside Ikoyi passport office It's on the major road. Perfect for residential or commercial purpose. No premium required for JV but Facilitators fee is 5% ref: Okza/3acre-sale-jv/ikylag-team
Ikoyi, Lagos
Openkeys Business Venture
Premium
₦1,400,000,000
Land joint venture
Exclusive Opportunity
Prime joint venture opportunity -- old ikoyi (C of O) a rare opportunity to partner on a 651.56 sqm prime residential plot in Old Ikoyi, with a valid Certificate of Occupancy (C of O). ### Property Highlights * Location: Old Ikoyi, Lagos * Land Size: 651.56 sqm * Title: Certificate of Occupancy (C of O) * Land Value: To Be Determined (TBD) ### Development Opportunity The site is suitable for a premium luxury residential development. While preliminary design concepts are available, the landowner is open to alternative development proposals from qualified development partners that maximize the site's potential and commercial value, subject to planning regulations and mutual agreement. ### Joint Venture Structure * Landowner: Contributes the land. * Development Partner: Provides project financing, proposes the optimal development concept, and undertakes full project execution from design through construction and delivery. ### Commercial Terms Profit-sharing structure to be mutually agreed based on the agreed land value, proposed development scheme, capital contribution, and execution responsibilities. ### Additional Information Preliminary architectural concept designs are available for reference. * Full due diligence documentation is available for qualified development partners upon request.
Old Ikoyi, Ikoyi, Lagos
Zerai Properties
Premium
₦7,730,000,000
Land joint venture
Verified Closable JV Without Premium
Verified closable joint venture glover ikoyi Land size: 1,932sqm of Land Title: Federal C of O . LocationGlover Road, Ikoyi. Land Value: 4m Per Sqm Facilitators Fee: 10% Owner is open to options on the property PS: No Premium
Glover Road, Ikoyi, Lagos
1932 sqm
Temosh Global Properties LTD
Premium
1
₦15,728,000,000
Land joint venture
Closeable 3, 932 SQM
Closeable Joint Venture Information in ikoyi Lagos Location: Glover Road, Ikoyi, Lagos Land Value: Estimated Market Rate -- ₦4,000,000/sqm Square Meter: 3,932 sqm Title: Lagos Certificate of Occupancy (C of O) Premium: Nil (No Premium) Owner Development Preference: 17-floor block of flats Contractors Preferred: good high rise contractors Additional Specifications: Development Capacity: 17 Floors Proposed Development: Block of Flats Planning Approval: Approved Current Status: Piling Completed Agency Fee: 10% Moses
Ikoyi, Lagos
Tedhol Properties LTD
ADVERTISEMENT750 × 120
Premium
₦4,000,000
Residential land joint venture
3900SQM
JV opportunity ikoyi Glover Road, Ikoyi 3900 sqm C of O ₦4m/sqm (no premium) Owner wants a competent developer that will complete am existing approved design. Land is already piled for 17 floor high-rise Survey available upon receipt of loi and Company Profile ️ Facilitator's Fee: 10% Straightforward JV with cooperative landowner Suitable for developers active in Ikoyi/VI with strong delivery track record. Requirements: - Letter of Intent (LOI) - Company Profile - Agency Letter - Proposal Send me a DM if this fits your pipeline. Retep Jv
Glover Road, Old Ikoyi, Ikoyi, Lagos
Rosemond Hills Limited
Premium
1
₦2,945,000,000
Land joint venture
Bareland
JV in Bode Olajumoke, Parkview estate Ikoyi. Land size: 2265 Proposal: open Land value: 1.3m per sqm Facilitators fee: 10% net. Title: Lagos c of o Contact: 09043135508
Parkview, Ikoyi, Lagos
2265 sqm
Dannaproperties
Premium
₦21,600,000,000
Land joint venture
Premium 4800 SQM Land
Premium 4800 SQM land for joint venture development located at Thompson Street Ikoyi Lagos Nigeria. Proposal: 2 blocks of 2/3 bedroom apartments on 10 floors. Premium: nil Facilitators fee: 10% Land value: 4.5 million Naira per sqm. Austin S
Thompson Street, Ikoyi, Lagos
4800 sqm
Donfabulous Homes
Premium
2
₦300,000,000
Land joint venture
Prime Joint Venture Development
CWL1492 Prime Joint Venture Development in Old Ikoyi An exceptional Joint Venture development opportunity is available within one of Lagos' most prestigious residential corridors. Strategically positioned on Adeleke Adedoyin Street, off Kofo Abayomi Road, Old Ikoyi, this premium development site offers investors and developers the rare chance to create a landmark luxury residential project in a highly sought-after location renowned for exclusivity, prestige, and strong capital appreciation. Property Details Land Size: 2,600sqm Prime Residential Development Site Suitable for Luxury Apartment Development Located in a High-Value Residential Neighborhood Excellent Accessibility and Infrastructure Ideal for Premium Residential Investment Development Proposal Proposed Luxury Apartment Scheme Owner's Allocation -- 17 Units 2-Bedroom Apartments -- 8 Units 3-Bedroom Apartments -- 8 Units Penthouse -- 1 Unit Developer's Allocation -- 21 Units Unit Mix: Developer's Preference Special Requirement Two (2) of the Owner's allocated 2-Bedroom Units are to be merged and converted into a Maisonette occupying the 1st and 2nd Floors. Location Situated on Adeleke Adedoyin Street, off Kofo Abayomi Road, in the heart of Ikoyi, this development site enjoys proximity to major corporate headquarters, diplomatic missions, luxury residences, premium retail destinations, international schools, healthcare facilities, and high-net-worth residential communities. Title Documentation Land Certificate Financial Details Premium: ₦300,000,000 (Slightly Negotiable) Land Value: ₦2.5 Million Per Square Metre Facilitator's Fee: 5% Investment Highlights Prime Old Ikoyi Address Premium Residential Development Corridor Strong Demand for Luxury Apartments Flexible Developer Unit Mix Significant Capital Appreciation Potential Attractive Joint Venture Structure Excellent Access to Ikoyi and Victoria Island Business Districts Ideal for High-End Residential Development Clear Development Framework Already Established This is a rare opportunity to participate in a high-value luxury residential development within one of Lagos' most prestigious neighborhoods. With its strategic location, attractive allocation structure, and strong market demand for premium residences, the project offers substantial upside for developers seeking a landmark presence in the luxury real estate market of Ikoyi. For more information, pricing and private viewing Please Contact: Emmanuel: 09088072106 Lilian: 09062511340 Email: [email protected] Website: www.cwlagos.com We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate
Old Ikoyi, Ikoyi, Lagos
2600 sqm
C W Real Estate
Premium
₦6,000,000,000
Residential land joint venture
1542SQM Land for 8 Floors of Apartment
Joint venture @ adeyemi lawson street, ikoyi, lagos Land size:- 1,542sqm Land value:- #6Billion Title:- lasg C of O Premium: 1B Proposal:- the land owner wants 8 floors of Apartments. Sharing ratio:- 50/50 Facilitators' fee:- 10% of total land value. Procedure: Loi, company profile, project proposal Jeywonand facilitators' fee's letter.
Adeyemi Lawson, Ikoyi, Lagos
1542 sqm
Leaders Properties Limited
Premium
1
₦4,200,000
Mixed-use land joint venture
Well Positioned Property in a Prime Location
Joint Venture: Glover Road, Ikoyi Land size: 1932sqm(there is a structure on the property) Title: Fed C of O Land Value: ₦4.2m / m² Terms: - Proven track record of building higher floors in Ikoyi or Victoria Island - Sharing 45:55 in favor of the developer - - Proposal : Apartments / Maisonettes / Penthouse - - Brokers' Fee: 10% of the land value Please share the developer's profile.
Glover Road, Old Ikoyi, Ikoyi, Lagos
1932 sqm
Deherculean Enterprises
Premium
1
₦1,825,000,000
Residential land joint venture
730SQM Residential Land
Available for JV without premium -- Osborn 2, Ikoyi Size: 730 sqms Location: Osborn 2, Ikoyi, Lagos Title: C of O Proposal: Apartments Land Value: ₦2.5M per sqm Sharing Formula: TBD Facilitator's Fee: 10% Net Prime Osborne 2 location. High-end market. Docs ready. For proposal + meeting DM me. Capable developers only. Contact or WhatsApp: 09043135508
Osborne Phase 2, Ikoyi, Lagos
730 sqm
Dannaproperties
Premium
4
₦4,500,000
Land joint venture
Premium Land
Joint venture partnership at bourdillon road, ikoyi, lagos. Prospective partner: A proven capable financier and developer for the construction of high-density/high-rise top notch luxury apartments. Plot size: 4417 SQM. Title: Federal Government Certificate of Occupancy. Value of the land: N4.5 million Naira per sqm. Type of Development: High density/high-rise mix of 50 units. 30 units of 4 bedroom apartment. 16 units of 5-bedroom apartments. 4 units of 5 bedroom penthouse. Height: 28 floors or more permissible by lasg building authorities but without crowding... Architects: Paradigm/Rumis. (Developers may present their architects & designs but if both parties disagree on the designs, it will be outsourced to Paradigm/Rumis.). Construction firm: Elalan, Cappa & D'Alberto, etc. In-house builders will be considered if the standard/portfolio (in Ikoyi) matches those of the preferred contractors. Sharing formula: Developer 64%, Landowner 36%. Premium: N1.3B net. Proof of availability of funds to start & finish the project (eg., Bank statement or guarantee or whatever the institution you plan to use). Detailed finishing documents: landowners will provide detailed finishing documents to be applied to their units & common areas if finishing documents by the JV partner is not mutually agreed upon. Facilitators' fee: 10% of land value (slightly negotiable).
Bourdillon Road, Ikoyi, Lagos
4417 sqm
Donfabulous Homes
Premium
1
₦5,000,000
Residential land joint venture
Land
Bareland for Joint Venture at Old Ikoyi Lagos. Land size: 1768SQM value: N5m/m2 title: Lag State C of O & Deed of Gift proposal: 15-Storey Block of Flats with Penthouses, Multilevel Parking and a Retail Store. Sharing ratio: 60-40 (in favour of Developer). Premium: N500m facilitator's fee: 10% Net For Inspection and meeting with the property owner call Effiong on +2348061330319
Cameron Road, Old Ikoyi, Ikoyi, Lagos
1768 sqm
1digital Agency
Premium
₦9,000,000,000
Residential land joint venture
Shovel Ready 2000SQM of Prime Land on Offer
Joint Venture Opportunity --- 2,000 sqm Prime Land on Tumble Road, Ikoyi Fed C of O (Ratified to State C of O) Summary Exclusive JV opportunity for an experienced developer: 2,000 sqm on Tumble Road, Ikoyi, with Federal C of O (ratified to State C of O). Owner seeks a developer to deliver 26 units of 2- and 3-bedroom apartments under a fixed 55:45 land-owner/developer split. No land premium. Immediate mobilisation required; Completion within 24 months. Quick Facts - Location: Tumble Road, Ikoyi, Lagos - Land Size: 2,000 sqm - Title: Federal Certificate of Occupancy --- ratification to State C of O completed - Valuation: ₦4,500,000 per sqm (Implied total land value: ₦9,000,000,000) - Premium: Nil - Proposed Scheme: 26 residential units (mix of 2- and 3-bedroom flats) --- detailed 3D design completed - Equity Split: 55% --- Land Owner (non-negotiable) / 45% --- Developer (non-negotiable) - Facilitators' Fee: 10% of total land value (indicative: ₦900,000,000) payable net as agreed - Approvals: Owner has obtained and paid for required approvals (documents available) - Required Delivery: Project to be completed within 24 months of mobilisation Why this JV is compelling - Prestigious Ikoyi address with sustained demand for high-quality residential developments and strong rental/resale values. - Substantial preparatory work already completed (approvals paid; 3D design available), materially reducing pre-construction lead time and soft costs. - Clear, attractive economics with no land premium and a definitive equity split --- allows the developer to focus capital on construction and execution. - Ideal for developers with a proven track record in premium Lagos neighbourhoods who can mobilise quickly and deliver to schedule. Developer selection criteria (mandatory) - Proven delivery of verifiable projects in Ikoyi, Victoria Island (VI) and/or Banana Island --- provide references and project evidence. - Demonstrable proof of funds or access to construction financing sufficient to commence works immediately upon signing. - Strong project management capability and capacity to complete the development within the 24-month timeframe. - Willingness to accept the stated equity split (55% land owner / 45% developer) and the facilitator fee structure. Owner's contributions (summary) - Land parcel with Fed C of O (ratified to State C of O) and all approved planning consents in place. - 3D design and approval documentation already completed and paid for. - Equity share as specified (55%). Developer's obligations (summary) - Provide construction financing and manage all construction activities to completion within 24 months. - Submit detailed project programme, construction methodology and mobilisation plan for owner approval prior to commencement. - Manage sales/marketing and handover in accordance with JV agreement or agreed terms. - Comply with all regulatory and statutory obligations throughout execution. Documents & due-diligence checklist (available/required) - Original Fed C of O and ratification documents to State C of O (available for verification) - Planning approval documents and stamped architectural/3D design files (available) - Survey plan and site coordinates; site inspection recommended to confirm boundaries - Structural and engineering drawings (to be provided) - Evidence of approvals fees paid and receipts (available) - Developer to provide: Loi, company profile, audited accounts/financials, proof of funds, project references and detailed project proposal (programme, budget, delivery milestones) - Legal searches at the Lands Registry and verification with relevant authorities (recommended) Financial summary (indicative) - Land value (2,000 sqm x ₦4,500,000/sqm): ₦9,000,000,000 - Facilitators' fee (10% of total land value): ₦900,000,000 (payable as agreed and subject to contract) Procedure / Next steps 1. Submit: Loi, company profile, detailed project proposal (including programme and financing plan) and facilitators' fee letter. 2. Preliminary screening and verification of developer credentials and proof of funds. 3. Site inspection and document verification. 4. Negotiate and conclude JV Agreement, including detailed project execution and exit/sales strategy. 5. Mobilisation and commencement immediately upon signing and evidence of funding. Only serious developers with verifiable credentials and immediate capacity to mobilise should apply. Legal / disclaimer All information provided is by the owner/agent. Prospective JV partners must conduct independent due diligence, conduct legal searches, and obtain professional advice before entering into any agreement. Terms are subject to contract. #ed/atafo
Turnbull Road, Old Ikoyi, Ikoyi, Lagos
2000 sqm
The Build Centre Properties
Showing 1–20 of 114 properties
Area Guide
About Ikoyi, Nigeria
By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.
Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.
Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.
