Listing title
jointโventure opportunity --- 15 terrace units (concept approved)
size1,918 sqm abraham adesanya, lekki ---
title: global c of o
overview
strategic, readyโtoโexecute jv for an onโsite residential terrace development in the highโdemand 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 topโtier, trustworthy developer / investor to fund and deliver the remaining 10 terrace units under a profitโshare 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 jointโventure (landโforโequity / profit share)
- site area: 1,918 sqm
- location: abraham adesanya, lekki, lagos --- prime residential corridor with strong demand from ownerโoccupiers 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): โฆ135,000,000 per terrace unit (at completion)
- investment required: โฆ300,000,000 -- โฆ400,000,000 (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 preโstart 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 โฆ135m each --- indicative gross development value for 15 units โ โฆ2.025b (buyers/market dependent).
- prime microโlocation: abraham adesanya command area benefits from growing demand for quality terraces from middleโup 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 developerโinvestor with:
- track record of delivering residential terraces or similar midโrise 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 marketโled sales/marketing strategy for timely offtake
commercial & financial outline (indicative)
- investment needed to completion (10 units): โฆ300m--โฆ400m (developer to provide detailed cost plan)
- target sale price per unit: โฆ135m (marketโdriven; 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.
preโqualification 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
- highโlevel 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 soughtโafter 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 nonโdisclosure 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.
*please feel free to browse our other featured properties*
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