Mixed-use land joint venture
Central Business District, Abuja
Joint‑venture opportunity --- 1.1 hectares (cbd, fct) ---
mixed‑use masterplan (apartments, hotel & shopping mall)
land value ₦7.0b
profit share 60:40
no premium
overview: prime central‑business‑district jv opportunity in the federal capital territory: a 1.1 hectare (11,000 sqm) development site positioned for a high‑value mixed‑use scheme comprising residential apartments, a hotel and a retail/shopping mall. the landowner is offering the site into a joint venture with no up‑front premium required. commercial structure proposed is a 60:40 profit share (details to be captured in heads of terms). land value is stated at ₦7.0 billion. facilitator fee: 10% (payable as agreed).
why this opportunity is exceptional
- location: rare cbd scale parcel in the fct --- ideal for a landmark, high‑density project that will attract strong domestic and international demand.
- ready for flagship product: the site suits a mixed‑use podium/tower model --- apartments for mid‑ to high‑end buyers/renters, a branded hotel to capture corporate and diplomatic demand, and a retail mall to serve the growing cbd catchment.
- no premium: landowner will contribute the land in exchange for an agreed share of the project returns --- this materially reduces upfront land cost for the developer and enhances project irr.
- large scale: 1.1 hectares enables integrated planning (service yard, car park, landscaped public realm) and phasing flexibility to de‑risk delivery.
key commercial summary
- site: 1.1 hectares (11,000 sqm) --- cbd, fct
- proposed product: mixed‑use --- apartments (2/3‑bed + serviced units), branded hotel, shopping mall / retail podium
- land value (stated): ₦7,000,000,000
- proposed profit sharing: 60 : 40 (developer : landowner) --- to be formalised in heads of terms
- premium: nil (land contributed as equity)
- facilitator fee: 10% (non‑negotiable) --- payable per agreed schedule in hot
- sale type: joint venture (land‑for‑equity / profit share)
what the landowner offers
- clean, consolidated site to be contributed as the land equity leg of the jv --- no premium payable by the developer.
- willingness to agree commercial sharing and governance terms with a proven developer capable of finance, delivery and marketing at scale.
- support to facilitate timely approvals where appropriate (subject to formal commitments).
what the owner seeks in a partner
- proven developer or institutional investor with:
- track record delivering large‑scale mixed‑use or high‑rise projects in abuja/lagos micro‑markets.
- demonstrable access to construction finance or equity partners and working capital.
- strong project management & delivery capability, procurement networks and branding/marketing experience for premium products.
- willingness to negotiate a transparent jv governance, escrow & milestone drawdown structure.
documentation & information available on qualification
- certified land title pack and survey (released on nda to qualified parties)
- high‑level concept / masterplan (indicative) and site photos (available on request)
- preliminary constraints & opportunities note (topography, access, utilities) --- to be provided to shortlisted parties
recommended due diligence (investor checklist)
- legal: verify title and chain of ownership; confirm any encumbrances or planning conditions.
- planning: confirm cbd policy, allowable far/height, parking policy and approvals path with fct authorities.
- technical: topographic survey, geotechnical investigation, site utilities audit and drainage/flood assessment.
- environmental: environmental screening/eia as required for construction and mall/hotel operations.
- market & financial: independent market study for residential, hotel and retail demand; qs cost‑to‑complete and financial model.
- permits & approvals: timetable and responsibilities for statutory approvals and utility upgrades.
suggested commercial process
1. submit letter of interest (loi) with company profile, rc, evidence of funds / bank reference and relevant project experience.
2. nda data room access (title, survey, concept notes) for qualified parties.
3. site inspection and management meeting with the landowner/facilitator.
4. developer submits high‑level proposal (commercial structure, funding plan, programme).
5. negotiate and sign heads of terms (capture sharing waterfall, cost recovery, developer fee, facilitator fee mechanics, governance).
6. execute jv agreement, mobilise finance and commence approvals / construction per agreed milestones.
why act now
a centrally located 1.1 ha cbd parcel in the fct is a rare strategic asset. the no‑premium, land‑for‑equity structure materially reduces up‑front acquisition costs for a developer and accelerates value creation for both parties. early partners will benefit from first‑mover design, branding and offtake advantages in abuja's premium market.
how to express interest / contact
qualified developers and institutional investors should submit loi with proof of funds and company profile to:
the build centre properties ltd (facilitator)email: [email protected]: +234 708 056 2616 +234 814 455 0891
important notes & confidentiality
- this opportunity is offered to serious, qualified developers only. full documentation will be released following loi, proof of funds and an executed nda.
- facilitator fee (10%) is payable per the hot and is non‑negotiable.
- all figures and statements are indicative and subject to verification and negotiation. prospective partners must carry out independent legal, technical and financial due diligence prior to commitment.
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₦7,000,000,000
The Build Centre Properties
09028190510
