Residential land joint venture
Udeco Medical Road, Lekki, Lagos
Title
prime jv opportunity --- 2,500 m² at chevy view estate (udeco medical rd / chevron drive), lekki
c of o land value ₦450,000 / m²
headline
strategic lekki landbank for joint venture ---
2,500 m² serviced c of o parcel on udeco medical road (off chevy view estate / chevron drive).
perfect for high‑value residential (luxury terraces) or medium‑high density flats.
land value ₦1.125b ---
developer proposals invited (sharing ratio tbd).
facilitator fee: 10% net.
key facts
- site area: 2,500 m²
- location: udeco medical road, off chevy view estate / chevron drive, lekki, lagos --- prime, fast‑appreciating corridor
- title: certificate of occupancy (c of o) --- transferable; documentation available on request
- land valuation benchmark: ₦450,000 per m² total land value ≈ ₦1,125,000,000
- proposal: joint venture (developer to propose scheme) --- recommended: block(s) of flats or premium terraces (developer may present an alternative concept with equal or superior roi)
- sharing ratio: to be determined (tbd) --- owner reviewing competitive proposals
- facilitator's fee: 10% net (payable as agreed; to be deducted from net transaction proceeds or as contractually determined)
opportunity summary
a rare development parcel in the chevy view / chevron drive corridor offering excellent connectivity, strong market demand and visible upside. the site is ideal for product targeting upper‑mid to luxury owner‑occupiers and long‑let clientele --- think premium terraces or a high‑quality mid‑rise apartment scheme. the owner is seeking a capable development partner willing to structure a jv that delivers strong returns; flexible commercial structures will be considered so long as they meet the owner's value expectations.
location advantages
- situated off udeco medical road, in the established chevy view / chevron drive pocket --- easy access to lekki‑epe expressway and chevron/ikoyi‑lekki nodes.
- rapidly appreciating micro‑market benefiting from new infrastructure, retail and employment catchments.
- close to medical centres, schools, retail and leisure amenities --- high tenant and buyer demand for quality residential product.
suggested development concepts (examples --- developer to confirm)
- high‑spec luxury terraces (townhouses) for sale to hnw local and expatriate buyers --- premium price per plot/unit.
- mid‑rise residential block(s) of flats (high‑density but high‑quality finish) targeting family and executive renters/sale market.
- boutique mixed‑use with ground‑floor retail/amenity and residential above (subject to planning).
- build‑to‑sell, build‑to‑rent or hybrid delivery --- developer to propose optimal exit and phasing strategy.
financial & commercial summary (indicative)
- land value (benchmark): ₦450,000 / m² ₦1,125,000,000 total
- developer to produce gdv-based feasibility including: achievable unit mix, pricing assumptions, construction cost, financing, sales & marketing, and irr.
- sharing ratio: owner will evaluate proposals; commercial terms must deliver competitive returns that reflect the location and c of o security.
- facilitator fee: 10% net payable as agreed (confirm payment mechanics during heads of terms).
what the owner expects from proposals
- clear developer profile: experience, recent comparable schemes, financial capacity and delivery track record.
- a concept scheme with high‑level gdv, capex budget, programme and projected returns.
- proposed jv structure (equity split, developer responsibilities, timing of cashflows).
- confirmation of acceptance of facilitator fee profile/structure.
ideal partner profile
- developer with proven residential delivery record in lekki/ajah or comparable lagos sub‑markets.
- sufficient balance sheet capacity or funding relationships to manage entitlement and construction.
- strong sales & marketing capability or a partnering realtor to maximise gdv.
- willingness to propose competitive commercial terms and accept facilitator fee mechanics.
selling points --- why act now
- strategic lekki corridor with accelerating capital appreciation.
- market demand for quality residential product remains strong among owner‑occupiers and expatriates.
- c of o title increases transaction security and facilitates finance.
- owner is receptive to sensible jv structures and will consider well‑priced, rapid proposals.
practicalities & facilitator fee note
- facilitator fee bound by imfpa-(10% net) forms part of this transaction ---
please confirm acceptance and payment mechanics with your proposal.
the facilitator's fee will be paid net of taxes and as per the facilitator agreement (details to be provided).
next steps / call to action
if you are an experienced developer or institutional partner and would like to receive the full jv information pack, please:
- submit a brief developer introduction (company profile, examples of comparable projects, proof of funding capability).
- sign the nda (if requested) and request the site documentation.
- arrange a site visit --- accompanied viewings only.
confidentiality
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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₦1,125,000,000
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