Jv Jv Iv
Interested in this property?
Property Description
*JOINT VENTURE*
Location: Ilabere Road, Ikoyi, Lagos
Land Size: Approximately 3,800 square metres
1. *Introduction*
This proposal outlines a *Joint Venture (JV)* opportunity for the development of a premium real estate project on a strategically located 3,800 sqm parcel of land situated on Ilabere Road, Ikoyi. The site presents significant potential for luxury residential, mixed-use, or high-end serviced apartment development.
2. *Site Overview*
Location: Ilabere Road, Ikoyi, Lagos
*Land Size: 3,000 sqm*
*Title: LAND CERTIFICATE*
Topography: Dry and regular in shape, suitable for immediate development
Accessibility: Easily accessible via Awolowo Road and close proximity to major landmarks such as Falomo Bridge, Ikoyi Club, and Obalende.
3. *Development Potential*
The area supports high-end residential or mixed-use developments, with strong market demand and excellent infrastructure.
Potential development concepts may include:
Luxury apartments or townhouses
Serviced apartments
Boutique hotel
Mixed-use development (residential + retail/office)
4. *Proposed Joint Venture Structure*
Landowner's Contribution: The land (3,800 sqm at Ilabere, Ikoyi)
Developer's Contribution: Funding, design, construction, marketing, and project management
Profit Sharing: To be agreed upon by both parties (typically negotiated based on development scope and cost inputs)
Special Purpose Vehicle (SPV): A project company may be established to hold and manage the JV development.
5. *Market Advantage*
Prime Ikoyi location with steady demand for luxury properties
Proximity to high-profile developments and corporate zones
Strong return on investment potential due to location scarcity and market value appreciation
6. *Next Steps*
Conduct joint feasibility and valuation assessment
Agree on development concept and structure
Execute a Memorandum of Understanding (MOU)
Property Details
| Property Ref: 3164129 | Last Updated: 23 Oct 2025 | Market Status: Available |
| Type: Mixed-use Land | Total Area: 3,000 sqm |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
Interested in this property?
Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Urbanathconcepts. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.