Residential land joint venture
2,000SQM Residential Land
Semi direct brief For JV ikate, lekki Size: 2,000sqm Bella Vista Estate on freedom way, Lekki Phase 1 1.4m per sqm = N2.8billion Governor's Consent Conditions: 1. Build 40 units of 2/3 bed Apartments, pay N200million premium (Not refundable) and share 50/50 2. Build 12 units of terraces, pay N500million premium (Not refundable) and share 50/50 3. Build 12 units of terraces, pay N200million premium (Refundable). The owner takes 7 units while the developer takes 5 units Facilitator's fee: 10% I'm dealing with the semi mandate