Land (concept Approved)

Listing title
Joint‑Venture Opportunity --- 15 Terrace Units (Concept Approved)
Size1,918 sqm Abraham Adesanya, Lekki ---
Title: Global C of O

Overview
Strategic, ready‑to‑execute JV for an on‑site residential terrace development in the high‑demand Abraham Adesanya corridor, Lekki. The landowner holds a Global Certificate of Occupancy (C of O) over a 1,918 sqm parcel with full concept drawings approved and construction already underway on 5 units. The owner seeks a top‑tier, trustworthy developer / investor to fund and deliver the remaining 10 terrace units under a profit‑share JV. This is a turnkey development opportunity with permits in place, immediate partial construction progress and clear market pricing for completed units.

Key facts

- Opportunity type: Development Joint‑Venture (land‑for‑equity / profit share)
- Site area: 1,918 sqm
- Location: Abraham Adesanya, Lekki, Lagos --- prime residential corridor with strong demand from owner‑occupiers and corporate renters
- Title: Global Certificate of Occupancy (C of O) --- to be made available for due diligence
- Project: 15 terrace units (approved concept); 5 units under construction; 10 units require completion
- Unit pricing (indicative): ₦135,000,000 per terrace unit (at completion)
- Investment required: ₦300,000,000 -- ₦400,000,000 (to complete remaining 10 units)
- Profit share: 65 : 35 (Developer : Landowner) --- proposed split; terms to be finalised in Heads of Terms
- Facilitator fee: 10% (payable as agreed)

Project status & immediate advantages

- Approved design: Concept drawings and approvals (planning/building) are in place --- speeds statutory compliance and reduces pre‑start delays.
- Construction momentum: 5 units already underway --- developer can leverage existing site mobilisation, contractors and supply chain.
- Clean title: Global C of O provides strong starting position for legal transfer and JV structuring (subject to solicitor verification).
- Compelling unit economics: Completed units targeted at ₦135M each --- indicative gross development value for 15 units ≈ ₦2.025B (buyers/market dependent).
- Prime micro‑location: Abraham Adesanya command area benefits from growing demand for quality terraces from middle‑up market buyers and investors.

What the owner offers

- Land contribution: 1,918 sqm with approved concept and partial works --- owner to contribute land into JV in exchange for agreed share of project profits.
- No upfront premium specified --- commercial terms to be agreed in HoT (owner prefers profit share model).

What the owner seeks in a partner

- Proven developer or developer‑investor with:
- Track record of delivering residential terraces or similar mid‑rise housing in Lagos (portfolio & references required)
- Financial capacity to fund construction (proof of funds / bank reference / audited accounts)
- Strong project management, contractor networks and ability to mobilise within short timelines
- Commitment to quality finishes and market‑led sales/marketing strategy for timely offtake

Commercial & financial outline (indicative)

- Investment needed to completion (10 units): ₦300M--₦400M (developer to provide detailed cost plan)
- Target sale price per unit: ₦135M (market‑driven; developer to confirm pricing strategy)
- Proposed profit sharing: 65% to developer : 35% to landowner (subject to negotiation and final HoT)
- Facilitator fee: 10% of agreed land value / fee basis --- payable as agreed in HoT

Due diligence & documents available

- Owner will provide to qualified parties (on NDA): Global C of O, approved concept drawings, building approvals, TDP/site plan, current contractor status and progress photos, cost to complete estimates and construction schedule.
- Recommended buyer due diligence: verification of C of O, review of approvals, confirm scope of works to date, title search, survey & boundary check, geotechnical report (if required), contractor credentials, and financial model review.

Process / next steps

1. Inspection: Site inspections by appointment --- view existing works and site logistics.
2. Submit LOI: Letter of Intent with company profile, proof of funds and relevant project portfolio.
3. Meeting: Shortlisted developers invited to review full dossier, inspect site and discuss commercial terms.
4. Heads of Terms: Negotiate and execute HoT/MoU capturing profit share, cost recovery, developer fees, construction milestones and governance.
5. Formal JV Agreement: Legal documentation, escrow/guarantees and mobilisation to completion.

Pre‑qualification checklist (to submit with LOI)

- Company profile and RC documents
- Evidence of relevant project experience (photos, references, completion certificates)
- Proof of funds or bank reference confirming capacity to fund the required investment
- High‑level proposed approach (program, unit mix refinement if any, sales strategy)
- Agreement to facilitator fee terms and readiness to enter HoT process

Why act now

- Approved concept and partial construction materially reduce lead time to market --- early partners benefit from lower mobilisation costs and earlier cashflow from completed units.
- Abraham Adesanya remains a sought‑after Lekki address; early delivery positions completion to capture market demand.

Confidentiality & contact

- This opportunity is offered to qualified developers and institutional partners only. All enquiries will be treated confidentially and a Non‑Disclosure Agreement (NDA) may be required prior to release of full documentation.

To express interest, request the dossier or arrange a site inspection, submit your LOI to:

Note
All figures and terms shown are indicative and subject to negotiation and detailed due diligence. Prospective partners should obtain independent legal, technical and financial advice prior to commitment.

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.
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Ref: Zara