15000sqm Of Waterfront Parcel On Jv Offer

WATERFRONT LAND FOR JOINT VENTURE ---
VICTORIA ISLAND (WALTER CARRINGTON CRESCENT)A landmark, closeable JV for visionary developers and institutional investors

The Opportunity --- headline
15,000 SQM of rare waterfront land on Walter Carrington Crescent (off Ozumba/Ahmadu Bello Road), Victoria Island --- a premier foreshore holding with unmatched exposure, prestige and development upside. This is a strategic parcel for a signature waterfront project with jetty access in Lagos's most coveted district.

Key facts
- Location: Walter Carrington Crescent, Victoria Island (off Ozumba/Ahmadu Bello Road)
- Size: 15,000 sqm (waterfront)
- Title: Federal Government Allocation (clean, verifiable)
- Indicative Land Value: ₦3,000,000 per sqm --- Total land value at asking: ₦45,000,000,000
- Proposal: 7‑storey development with private jetty (concepts for luxury residences, serviced apartments, boutique hotel, marina & mixed‑use podium)
- Premium: ₦2,000,000,000 (Refundable) --- payable as part of the commercial arrangement (terms negotiable)
- Sharing Formula: To be determined --- bespoke commercial structures welcomed (equity split, revenue share, fixed return + profit share, etc.)
- Facilitator Fees: 10% (to be formalised in facilitator agreement)

Why this is exceptional
- Waterfront prestige: Commanding foreshore frontage on Victoria Island --- instantaneous brand elevation, spectacular views and premium rental/exit pricing for residential, hospitality and commercial tenants.
- Strategic connectivity: Immediate access to Victoria Island's financial district, top hotels, embassies and premium retail --- ideal for executive, diplomatic and high‑net‑worth markets.
- Development-ready scale: 15,000 sqm enables a landmark mixed‑use masterplan with public amenity, marina/jetty integration and multi‑revenue streams.
- Title clarity: Federal Government Allocation --- a title basis that supports institutional partnerships and project financing after standard due diligence.
- Premium jetty potential: Direct water access creates unique product differentiation (private berthing, leisure facility, hospitality draw).

Suggested high-value uses
- Luxury waterfront apartments and penthouses with private jetty access
- Boutique five‑star hotel and serviced residences with marina amenities
- Signature mixed‑use podium: high‑end retail, F&B, leisure and office components
- Exclusive club or private marina with F&B and event spaces
- A hybrid scheme targeting expatriates, diplomats and premium corporate tenants

Commercial mechanics

- Land valuation: ₦3,000,000/sqm (basis for JV equity calculations)
- Refundable premium: ₦2,000,000,000 --- payable as an upfront commitment under negotiated terms; refundable per agreed conditions.
- Facilitator fee: 10% of agreed land value --- payable under facilitator agreement and captured in Heads of Terms.
- Sharing formula and delivery model: flexible --- landowner open to proposals that deliver optimal IRR, speed to market and brand‑defining product.

Process & required documentation (strict)

1. Letter of Intent (LOI) --- mandatory before site inspection or access to documents. LOI must state high‑level JV interest and proposed commercial structure.
2. Company profile and evidence of technical & financial capacity (track record, proof of funds/financing partner).
3. Facilitator Fees Agreement to be signed prior to data‑room access.
4. On receipt of LOI & credentials: NDA executed full data room provided (allocation documents, survey, preliminary site information).
5. Site inspection and concept meeting submission of formal JV proposal Heads of Terms formal JV Agreement.

Next steps --- act decisively
This is a rare, closeable waterfront JV in Victoria Island --- intended for experienced developers, institutional investors and consortiums ready to deliver a landmark scheme. To receive the LOI template, arrange a confidential briefing or request data‑room access, submit your LOI, company profile and proof of funding. Qualified parties will be issued detailed documents and site viewing dates.

Serious enquiries only. Limited time, premium asset --- move quickly to secure participation in a project that will define the Victoria Island foreshore.
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