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Joint‑Venture Opportunity ---
901 sqm Land,
Aladura Estate, Anthony (Duplex Development)
Land Value ₦350M
Facilitator Fee 10%
Overview: Direct JV instruction: prime residential parcel in Aladura Estate, Anthony, offered for joint‑venture development. The owner invites experienced developers to submit open proposals for a high‑quality duplex scheme. The site totals 901 sqm and carries clear documentation (Deed of Assignment, Lagos C of O and Survey). Land value is stated at ₦350 million. Facilitator fee: 10% (net). Suitable partners must demonstrate proof of funds and relevant development track record.
Property summary
- Location: Aladura Estate, Anthony, Lagos
- Site area: 901 sqm (single consolidated plot)
- Proposed product: Duplex development (open to design proposals)
- Land value (vendor): ₦350,000,000
- Premium: To be determined (TBD) --- included in commercial negotiations and sharing formula
- Facilitator fee: 10% (net) --- payable as agreed in Heads of Terms
- Title documents: Deed of Assignment, Certificate of Occupancy (C of O) and Certified Survey Plan (available to qualified parties)
Why this site is attractive
- Established estate location (Aladura Estate) in Anthony --- attractive for premium residential product with good access to major mainland routes.
- Generous plot size (901 sqm) offers flexibility for duplex configuration, private compound design, on‑plot parking and amenity space.
- Clear title pack (Deed, C of O & Survey) reduces acquisition risk and expedites transactional process.
- Open proposal format allows developers to optimise design, unit mix and commercial returns for current market conditions.
What the owner seeks in a partner
- Proven developer with verifiable track record delivering residential duplex/estate projects in Lagos (project portfolio and references required).
- Demonstrable financial capacity: proof of funds or confirmed financing commitments to cover development costs and pre‑development obligations.
- Professional project delivery capability: strong project management, contractor network and sales/marketing competence.
- Willingness to work under clear JV governance, escrowed receipts and certified milestone drawdown.
Suggested JV structures (examples)
- Land‑for‑equity: owner contributes land valued at ₦350M; developer funds construction and receives agreed equity/profit share.
- Premium recoupment: premium (TBD) recouped from project receipts then profit split per agreed waterfall.
- Hybrid: partial outright purchase of a portion plus profit share on developed units.Note: Exact sharing ratio, cost recovery rules and facilitator fee treatment to be negotiated and recorded in Heads of Terms.
Due diligence & documents available
- Title pack: Deed of Assignment, Lagos State C of O and Certified Survey Plan (issued to qualified parties under NDA).
- Recommended technical checks: site inspection, topographic & geotechnical surveys, drainage/flood risk and utility capacity audit.
- Planning check: confirm permissible coverage, setbacks and allowable storeys with Lagos planning authority for duplex scheme.
- Financial & market: independent QS cost estimate, sales/rental comparables and pro‑forma model to inform JV split.
Required partner pre‑qualification (submit with LOI)
- Company profile and RC documents
- Proof of funds (bank reference / financing commitment)
- Evidence of relevant projects delivered (photos, client references, completion certificates)
- High‑level JV proposal (concept, anticipated unit mix, programme and high‑level financial approach)
Process & next steps
1. Submit Letter of Interest (LOI) with required pre‑qualification documents.
2. On qualification, execute NDA and receive certified title & survey pack.
3. Site visit and technical review by shortlisted partners.
4. Developer submits detailed JV proposal and cost‑to‑complete with programme.
5. Negotiate Heads of Terms (HoT) including premium, profit split, facilitator fee mechanics and milestones.
6. Execute JV Agreement and mobilise per agreed timetable.
Why act now
Well‑located estate parcels suitable for bespoke duplex delivery in Anthony are limited. Early engagement secures priority access to the site and the chance to deliver a high‑value residential product to an active market.
Contact / Submissions
To express interest, request the title pack, or arrange a site visit, submit your LOI and supporting documents to:
[Facilitator / Agent Name]The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]
Confidentiality & note
This opportunity is offered to serious, pre‑qualified developers only. Full documentation and commercial details will be released following LOI, proof of funds and an executed NDA. Facilitator fee (10%) applies and will be documented in the Heads of Terms. All information provided is indicative and subject to verification and negotiation.
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.
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ref: Daka
Property Ref: 3135084 | Last Updated: 07 Oct 2025 | Market Status: Available |
Type: Land | Total Area: 901 sqm |
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