Land joint venture
No 54a Bourdillon Road, Ikoyi, Lagos
Terms & conditions for joint venture partnership at no 54a bourdillon road, ikoyi, lagos.
talking to the mandate
prospective partner: a proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments.
plot size: 2281m2.
title: federal government certificate of occupancy.
value of the land: n4.5m per sqm
type of development: high density/high-rise mix of 34 units
*32 units of 4 bedroom apartment
*2 units of 5 bedroom penthouses
architects: paradigm/rumis. (developers may present their designs but if both parties disagree on the designs, it will be outsourced to paradigm/rumis.)
construction firm: elalan, cappa & d'alberto, al mansour, etc.
in-house builders will be considered if the standard/portfolio (in ikoyi) matches those of the preferred grade a contractors.
sharing formula: developer 60% landowner 40%
premium: n1.1b net
proof of availability of funds to start & finish the project (eg., bank statement or guarantee or whatever the institution you plan to use).
detailed finishing documents.
facilitators' fee: 10% of land va...
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₦4,500,000
Temosh Global Properties Ltd
08076902396