Exciting Joint Venture Opportunity On Offer

JOINT VENTURE OPPORTUNITY --- SINARI DARANIJO, VICTORIA ISLAND

Location: Sinari Daranijo Street, Victoria Island, Lagos
Plot Size: Approximately 1,779 m²
Title: Land Certificate
Land Value: ₦2,700,000,000 (Two Billion, Seven Hundred Million Naira)
Proposal: Development of 2 blocks of luxury flats (minimum 10 floors)
Sharing Ratio: To be determined (T.B.D)
Facilitator Fee: 10%

EXECUTIVE SUMMARY
Prime JV opportunity on a strategic Victoria Island parcel with existing demolishable buildings. The site offers immediate development potential for high‑end residential product targeting affluent owner‑occupiers and high‑yield investors. The owner is offering the land as an equity contribution to a development partnership. Ideal partners are experienced residential developers or institutional investors with proven Lagos track records.

KEY INVESTMENT HIGHLIGHTS

- Prestigious Victoria Island location with strong demand for luxury residential stock.
- Compact, developable land parcel: c.1,779 m² suitable for two high‑quality blocks.
- Title: Land Certificate --- clear and available for verification.
- Proposed scheme: two luxury residential blocks, minimum 10 storeys each (subject to planning approvals).
- Owner prepared to enter structured JV --- sharing ratio and commercial mechanics open to negotiation.
- Facilitator fee: 10% (to be agreed and documented).

DEVELOPMENT POTENTIAL

- Product mix: 2--4 bedroom apartments and penthouses, amenity floors, secure parking and concierge services.
- Density & height: Indicative allowable scheme proposed at 10 floors minimum (final height and unit yield subject to Lagos State Physical Planning approvals and FAR calculations).
- Target market: high‑net‑worth individuals, expatriates, corporate clients and premium investors seeking boutique luxury apartments in VI.

RECOMMENDED JV STRUCTURES

1. Land‑for‑Equity JV
- Owner contributes land as equity; developer provides funding and manages delivery.
- Profit split based on mutually agreed valuation of land (owner) and development costs (developer).
2. Development Management JV
- Developer funds and executes the project in return for development management fee + agreed profit share; owner retains equity stake.
3. Build‑to‑Sell / Build‑to‑Hold Hybrid
- Part of the scheme sold off‑plan to recover costs; remaining units retained for long‑term rental yield or capital appreciation.
4. Forward Sale/Pre‑sale JV
- Secure pre‑sales for a portion of units to de‑risk cashflow; balance sold or retained per JV terms.

REQUIRED PARTNER PROFILE & DOCUMENTS

- Proven track record: evidence of at least 3 comparable high‑rise residential developments in the last 5 years preferred.
- Financial capability: proof of funding or financing arrangements.
- Submission requirements: Letter of Interest (LOI), company profile, project portfolio, preliminary conceptual proposal including indicative schedule of costs and timelines, and confirmation of acceptance of 10% facilitator fee.

PLANNING & TECHNICAL NOTES

- All development proposals must comply with Lagos State planning regulations, zoning, setbacks and approval processes.
- Final building height, unit yield and parking will be determined by statutory approvals and design review.
- Buyer/Developer to commission full technical due diligence: topographical survey, geotechnical report, services availability, and structural feasibility.

PROCEDURE / NEXT STEPS

1. Submit LOI, company profile and proof of funds.
2. Sign NDA (if required) to receive full information pack (title documents, survey plan, site photos, existing building condition report).
3. Site inspection and meeting with owner/facilitator.
4. Developer to submit concept proposal and proposed JV term sheet (including sharing ratio, timelines, funding plan).
5. Negotiate and execute Heads of Terms / JV Agreement, subject to legal and technical due diligence and statutory approvals.

CONTACT & VIEWING
To request the full information pack, arrange a site inspection, or submit your LOI and proposal,
contact: Mr. Kola Adesina (EDBA)
Confidentiality
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*
Ref: Daka