A Rare, 3000sqm Of Closeable Jv In A Coveted Neighbourhood

CLOSABLE JOINT‑VENTURE OPPORTUNITY --- LEKKI PHASE 1 (OFF WALE OLATEJU)
A rare, closeable JV on one of Lagos's most coveted corridors --- a boutique yet high‑yield site ideal for premium apartment delivery.

The Offer (Headline)
- Size: 3,300 sqm (single, contiguous parcel)
- Location: Lekki Phase 1 --- off Wale Olateju (prime residential / mixed‑use corridor)
- Title: Governor's Consent --- clean, bankable and ready for JV structuring
- Indicative Value: ₦5,000,000,000 (Five Billion Naira)
- Proposed Product: Blocks of flats (developer to confirm final unit mix & design)
- Sharing Formula: 60% : 40% (headline) --- negotiable within confirmed Heads of Terms
- Premium: Nil --- no upfront premium required from developer
- Facilitator Fee: 10% (of agreed land value)
- Closing Profile: Capable developer with proven track record only --- this is a closeable, fast‑move opportunity

Why this JV is exceptional

- Prime Lekki Phase 1 address: immediate access to established amenities, corporate hubs, retail, schools and transport links --- strong demand for quality residential apartments from owner‑occupiers and investors alike.
- Optimised footprint: 3,300 sqm offers efficient density economics for mid‑rise apartment blocks delivering excellent unit counts and returns while maintaining attractive common spaces and parking.
- Clean title & zero premium: Governor's Consent in place and no premium required accelerates deal structuring and improves project IRR for developers.
- Ready for institutional execution: owner seeks a credible partner capable of delivering within strong timelines and quality standards --- this is a deal for operators who deliver.

Suggested JV/commercial structures (flexible)

- Land‑for‑equity: Landowner contributes site (valued at the headline figure); developer funds construction --- headline profit split 60% (developer) / 40% (landowner) or as agreed.
- Revenue share / phased delivery: phased construction with agreed revenue tranches to de‑risk cashflow.
- Fixed return + upside: developer paid a construction fee/fixed return with remaining profit shared per agreed ratio.Final commercial mechanics to be agreed in Heads of Terms.

Commercial advantages

- No premium barrier --- simplifies close and reduces initial financing strain.
- High local demand for quality flats --- attractive pre‑sale and rental market in Lekki Phase 1.
- Facilitator fee transparent at 10% --- captured in Heads of Terms.
- Data‑room ready on qualified interest (title, survey and site information available following NDA).

Qualification & process (strict, closeable)
Only experienced developers with verifiable track records and proof of funding will be considered. The process is designed to progress quickly to Heads of Terms and financial close:

1. Submit Expression of Interest + Company Profile + Proof of Funds (POF).
2. Sign NDA receive full due‑diligence pack (Governor's Consent, survey, site info).
3. Site inspection & concept briefing.
4. Developer submits commercial proposal (delivery program, funding plan, preferred sharing mechanics).
5. Negotiate and sign Heads of Terms execute formal JV Agreement mobilisation.

Why act now
Opportunities of this quality in Lekki Phase 1 are limited and highly sought after. This is a closeable JV structured for swift execution with no premium friction --- ideal for a disciplined developer ready to deliver a landmark residential project.

Contact / Next Steps
Qualified developers and institutional partners should submit their company profile, LOI and proof of funding immediately to access the data room and schedule a site visit. Serious and pre‑qualified parties only --- expedited review and immediate negotiation available for the right partners.
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