Land joint venture
Land joint venture
Premium 20,234SQM of Pristine Land for Development
About this property
Joint‑venture opportunity --- 5‑Acre Land, Wasimi Estate, Maryland, Ikeja, Lagos A rare development opportunity within a well‑established Ikeja enclave. This sizeable parcel is ideally suited for a discerning developer or investor seeking scale for a high‑quality residential or mixed‑use scheme. Property at a glance
- Location: Wasimi Estate, Maryland, Ikeja, Lagos
- Site area: 5.0 acres (contiguous)
- Title: Certificate of Occupancy (C of O) in view --- to be confirmed during due diligence
- Quoted land value: ₦10,000,000,000 (Ten Billion Naira)
- Premium: To be determined (TBD)
- Equity / sharing formula: To be agreed (TBD)
- Facilitator's fee: 10% of land value
Opportunity overview This offering presents an attractive joint‑venture proposition on a large urban parcel within one of Lagos's established corridors. The scale of the site allows for a range of high‑value programs --- including gated residential estates, mid‑to‑high‑rise apartments, or mixed‑use developments --- with potential for phased implementation to optimise returns. Key advantages
- Strategic location: Benefiting from excellent connectivity within the Ikeja--Maryland axis and proximity to commercial, social and transport nodes.
- Development scale: Five acres provides notable flexibility in master planning, unit mix and amenity provision, enabling strong market appeal.
- Title progression: C of O is reportedly in view; prospective partners will verify title status as part of formal due diligence.
- Commercial flexibility: Owner is open to negotiation on premium and equity sharing, allowing structures tailored to developer capacity and risk appetite.
Recommended partnership process 1. Submission of Letter of Interest (LOI) --- provide high‑level JV proposal and indicative timelines. 2. Site inspection --- accompanied by the owner/facilitator for a detailed review. 3. Title verification & due diligence --- review of land title, estate consents, planning constraints and statutory requirements. 4. Commercial negotiation --- agree premium, equity split, development responsibilities and timelines. 5. Documentation & closing --- conclude definitive JV agreements and relevant approvals. Next steps Qualified developers and investors are invited to submit an loi outlining their proposed JV structure, funding capability and development timeline. Detailed documentation and further site information will be made available to shortlisted parties subject to confidentiality arrangements. All enquiries will be treated with discretion. Facilitator's fee of 10% of the land value applies. #princeidan
Property details
Area guide — Maryland
Interesting Facts
It is intriguing to note that within Maryland, you will find the well-known Cane Village that has been in existence for over 4 decades in Lagos.
Leisure and Shopping
Maryland has a plethora of shopping opportunities. From the popular Maryland Mall to the Onigbongbo open air market, you're sure to find all of your household items for purchase nearby.
Popular Estates
You can choose from any of the luxurious estates in Maryland. Among them are Shonibare Estate, Ikeja GRA, Onigbongbo, and Arowojobe Estate.
Day Life
To complement its reputation as the social butterfly capital of the Lagos Mainland, Maryland's daylife is full of ambience, fun, and long-lasting memories. You can see a movie at Genesis Deluxe Cinema, Eat at Essence by...
Night Life
Everything about Maryland exudes sophistication and excitement, including its nightlife. Rumors Nightclub, Club Invogue, Club Vegas, Caribbean Knight Club, Club Uno amongst others are few of the excellent places to have...
Schools
In Maryland, there are numerous prestigious schools where your children can be enrolled. Howbury School, Maryland Comprehensive Secondary School, Halifield Schools, Redeemer's International Secondary School, Silverwood S...
Read the full area guide for Maryland, Lagos
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Disclaimer
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