Luxury Mid-rise Development Block Seeks Jv Partnership

*DIRECT DEVELOPER COMMUNICATION* (NO AGENTS. NO MANDATES)

Listing title
High‑Yield JV Opportunity ---
Project: Luxury Mid‑Rise Development (Block A Live, Block B Pipeline) ---
Location: Off Freedom Way, Lekki Phase 1
Premium: TBD
Facilitation: 10%

Overview
Exceptional, two‑phase joint‑venture opportunity in prime Lekki Phase 1: Block A is an ongoing, high‑velocity luxury mid‑rise with 18 premium units (16 x 2‑bed apartments + 2 penthouses). Ten units already sold --- strong market traction and immediate cashflow. Block B (identical scheme) is ready to commence. The project combines best‑in‑class finishes, advanced fire & sound‑proofing and high‑margin penthouse product --- ideal for experienced equity partners or mezzanine lenders seeking attractive, near‑term returns in a proven micro‑market.

Location
Off Freedom Way, Lekki Phase 1 --- highly sought residential address with excellent access to commercial hubs, retail and lifestyle amenities. Strong buyer pool (expats, executives and HNW individuals) supports premium pricing and rapid offtake.

Project snapshot --- Block A (current)

- Unit mix (Block A):
- 16 x 2‑bedroom apartments --- Asking price: ₦250,000,000 each
- 2 x 3‑bedroom penthouses (each with BQ, private cinema & Jacuzzi) --- Asking price: ₦475,000,000 each
- Unique product edge: only mid‑rise in the immediate area offering fire & sound‑proof windows & doors, luxury finishes, private cinemas and jacuzzis in penthouses --- creates differentiated pricing power.
- Sales update: 10 of 18 units sold; remaining inventory = 7 x 2‑beds + 1 penthouse. Sellers report imminent price increase.
- Revenue projection (Block A):
- 16 x 2‑beds = ₦4,000,000,000
- 2 x penthouses = ₦950,000,000
- Total gross sales (Block A) = ₦4,950,000,000

Project pipeline --- Block B (upcoming)

- Identical replication of Block A (same unit mix, finishes and pricing) to start shortly.
- Projected gross sales (Block B) = ₦4,950,000,000

Combined project potential

- Two phases total gross sales = ₦9,900,000,000
- Strong sales velocity for Block A demonstrates market demand and de‑risked execution for Block B.

Funding need & investor opportunity

- Seeking equity partners or structured capital to complete Block A and fund Block B. Funding options: equity stake, subordinated/mezzanine debt or fixed interest return structures.
- Example ROI illustration (indicative):
- Investor funds: ₦500,000,000
- Conservative target return: 25% per cycle return ₦625,000,000 (principal + return)
- Larger participation scales proportionally; structured returns and exit timelines to be agreed.

Indicative commercial structures (examples for negotiation)

- Equity participation: pro rata profit share after cost recovery and sale receipts (detailed waterfall to be agreed).
- Preferred / mezzanine debt: fixed coupon with partial equity kicker (security by assignment of SPV shares or escrowed revenue account).
- Forward sale / JV: investor receives pre‑allocated units or unit‑linked revenue share on successful sales.(Note: Specific structure to be set out in Heads of Terms following investor selection and due diligence.)

Project status & delivery

- Block A: Construction ongoing; 5--10 units likely near practical completion (confirm site progress in dossier). Existing sales validated by contracts (available for review).
- Block B: Design, approvals and procurement strategies prepared for immediate start once funding partner confirmed (timeline to be agreed; typical construction cycle ~12--18 months depending on scope).

What the developer offers

- Established developer team with active construction on site and sales momentum.
- Detailed project pack available to qualified investors: sales schedule, current contracts, cost‑to‑complete, project cashflow model, approved drawings and contractor details.

Investor pre‑qualification & required documents
To progress, please submit:

1. Letter of Interest (LOI) or expression of interest (EOI)
2. Proof of Funds (bank reference / audited accounts)
3. Corporate profile and company RC documents (or personal KYC for private investors)
4. Brief investment approach (equity / debt / hybrid) and targeted participation amount

Due diligence & transparency

- On LOI and acceptable PoF, the developer will provide an NDA (if required) and full project data room containing: title documents, approvals, sales contracts, construction progress reports, cost‑to‑complete, and financial model.
- Recommended investor checks: title & planning verification, contractor credentials, escrow/ security arrangements, insurance and stipulated drawdown milestones tied to certified progress.

Governance & risk mitigation (suggested)

- Drawdowns tied to certified milestones and independent quantity surveyor (QS) sign‑offs.
- Escrow arrangements for sales receipts or assigned SPV accounts.
- Joint oversight / project steering committee with investor representation.
- Performance guarantees, retention and defects liability clauses to be captured in formal JV agreement.

Why invest now

- Proven market appetite demonstrated by rapid sales in Block A.
- Premium, differentiated product (sound/fire‑proofing + cinema + jacuzzi) commands superior pricing and attracts high‑quality buyers.
- Replicable model: Block B ready to roll --- investor capital can capture double the upside in a single corridor.
- Clear exit routes: unit sales on completion, buyback options, or rental/serviced apartment operation.

Next steps & contact

1. Submit LOI + Proof of Funds.
2. Execute NDA and access data room.
3. Site visit and management meeting to review progress and financials.
4. Negotiate Heads of Terms and structure funding.
5. Execute legal agreements, escrow and mobilise funds for completion and Block B start.

For immediate consideration and confidential investor pack, contact:
[Developer / Agent name]Phone: [Insert phone number]Email: [Insert email address]

Confidentiality
All enquiries are treated confidentially. Full documentation will be released to qualified parties only after receipt of LOI and proof of funds.

Disclaimer
All figures presented are indicative and subject to verification, final pricing and negotiation. Prospective investors should obtain independent legal, financial and technical advice.


Tef: Zara