Nigeria Property Centre

Joint Venture Mixed-use Land in Ikoyi, Lagos

There are 27 land joint venture in Ikoyi as of 6 Sep 2026. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.

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1–20 of 27 properties joint venture

Bare Land Ideal for High Rise Apartments — Bourdillion Road, Ikoyi, Lagos
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1
₦11,406,455,000

Mixed-use land joint venture

Bare Land Ideal for High Rise Apartments

Bourdillon Road, Ikoyi. Joint Venture. 2,281.291 SQM. Federal C of O. Survey Available. 20-Floor Luxury Residential Development. 34 Units. Premium ₦1.4B. Same Road, Same Pattern as Its Sibling Listing: Priced Above Every Comparable Found for This Exact Size. The problem There's a category of Bourdillon Road JV land where 2,281sqm parcels --- a specific, common size on this exact road --- get quoted at meaningfully different land values and premiums depending on which facilitator is representing the deal, even when the title, location, and general terms are functionally identical. This is precisely that pattern. Multiple independently listed 2,281sqm parcels on Bourdillon Road, all Federal C of O, show land values clustering at ₦4.5 million per sqm with premiums between ₦1.1 billion and ₦1.3 billion. This listing states ₦11,406,455,000 total, which works out to exactly ₦5,000,000 per sqm, plus a ₦1.4 billion premium on top --- above every comparable found at this exact size and address. The agitation Here's the direct comparison, and it echoes almost precisely what shows up on the larger 4,417sqm parcel on this same road. A 2,281sqm Bourdillon Road parcel, Federal C of O, is listed at ₦4.5 million per sqm with a ₦1.1 billion premium and a 60/40 developer-favored sharing split. A separate 2,281sqm Bourdillon Road parcel, same title, is listed at ₦4.5 million per sqm with a ₦1.3 billion premium instead. A distress-sale 2,281sqm Bourdillon parcel, also Federal C of O, is priced at ₦5,000,000 per sqm net --- but is explicitly marked as a motivated below-market sale, not a standard asking rate. A separately described "Elim/Alfred" JV parcel matching this exact size (2,281m²) and title also confirms a ₦4.5 million per sqm land value as the standard rate quoted for this specific parcel elsewhere. This listing's implied ₦5,000,000/sqm matches only the distress-sale outlier --- a price point that exists specifically because that seller needed to move fast, not because it reflects the going rate for a standard, non-distressed Bourdillon Road JV. Layer on the ₦1.4 billion premium, which is the highest premium figure found among the standard (non-distress) comparables at this exact size, and the total cost basis here sits meaningfully above what a developer would pay by anchoring to the ₦4.5M/sqm plus ₦1.1B--₦1.3B premium cluster that multiple other facilitators are quoting for what appears to be the same or a functionally identical parcel. This matters directly to the equity split. The stated sharing here is landowner 38% (13 units) to developer 62% (21 units) --- already a slightly less developer-favorable split than the 60/40 comparable found elsewhere on the same road. Combined with the elevated land value and premium, a developer proposing terms here without first anchoring to the documented ₦4.5M/sqm rate risks giving away meaningfully more equity value than the land itself justifies. The solution 2,281.291 square metres, Bourdillon Road, Ikoyi. Federal Certificate of Occupancy. Survey available. Stated land value implying ₦5,000,000/sqm. Premium: ₦1.4 billion. Development: 20-floor luxury residential development, 34 units. Sharing: Landowner 38% (13 units), Developer 62% (21 units). Developer funds 100% of construction and execution costs. Amenities: swimming pool, gym, padel courts, residents' lounge, kids' playground. Preferred contractors: El-Alan or Cappa & D'Alberto. Timeline: 36 months. Proof of funds required. Here is what's genuinely verified and what a developer should negotiate before signing anything: Verified: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, consistent across every comparable Bourdillon parcel found. Verified: address and amenity package. Bourdillon Road remains one of Ikoyi's most established addresses, and the stated amenity list --- pool, gym, padel courts, residents' lounge, kids' playground --- is a genuinely complete package for a 34-unit residential tower. Needs negotiation: land value. Multiple comparable 2,281sqm Bourdillon Road parcels, same title, are quoted at ₦4.5 million per sqm --- a developer has clear, documented grounds to negotiate this parcel's implied ₦5,000,000/sqm down toward that established rate. Needs negotiation: the ₦1.4B premium. This exceeds the ₦1.1B--₦1.3B premium range found on directly comparable 2,281sqm Bourdillon parcels --- treat it as a starting position, not a fixed figure. Needs negotiation: the 38/62 sharing split. A comparable 2,281sqm Bourdillon parcel offers a 40/60 split in the developer's favor --- two percentage points better than what's proposed here, which compounds with the elevated land value and premium to meaningfully affect total project economics. Why this beats going in without asking. A developer who raises the documented ₦4.5M/sqm rate, the ₦1.1B--₦1.3B premium range, and the 60/40 split precedent found on comparable Bourdillon Road parcels is negotiating from genuine market evidence, not guesswork --- and stands to materially improve the deal's economics before committing proof of funds. The call to action 2,281.291sqm. Bourdillon Road, Ikoyi. Federal C of O. Implied ₦5,000,000/sqm plus ₦1.4B premium --- both above the documented range for comparable 2,281sqm parcels on the same road. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask directly: can the land value and premium be negotiated toward the ₦4.5 million per sqm and ₦1.1B--₦1.3B premium range documented on comparable Bourdillon Road parcels of this same size? Serious developers only. Proof of funds required. Independent verification of land value and sharing terms strongly recommended before proposal. The address is already Bourdillon Road --- that part isn't in question. The title is already Federal C of O --- that part checks out. The number and the split are both above what's documented elsewhere on the same road, and both are worth negotiating before anything else. Land Type: Mixed-use Land --- Joint Venture Size: 2,281.291 sqm Stated Total Price: ₦11,406,455,000 (implies ₦5,000,000/sqm --- flagged as above comparable range) Premium: ₦1,400,000,000 (flagged as above comparable range) Title: Federal Certificate of Occupancy Survey: Available Development: 20-floor luxury residential development, 34 units Sharing: Landowner 38% (13 units) / Developer 62% (21 units) Developer Funding: 100% of construction and execution costs Amenities: Swimming pool, gym, padel courts, residents' lounge, kids' playground Preferred Contractors: El-Alan / Cappa & D'Alberto Timeline: 36 months Requirement: Proof of funds required Location: Bourdillon Road, Ikoyi, Lagos Market Comparable Context (Bourdillon Road, 2,281sqm-tier JV land): 2,281sqm, Bourdillon Road, Fed C of O --- ₦4,500,000/sqm + ₦1.1B premium, 60/40 split 2,281sqm, Bourdillon Road, Fed C of O --- ₦4,500,000/sqm + ₦1.3B premium 2,281m², Bourdillon Road, Fed C of O ("Elim/Alfred" listing) --- ₦4,500,000/sqm 2,281sqm, Bourdillon Road, Fed C of O, distress sale --- ₦5,000,000/sqm net (below-market motivated sale) This listing: 2,281.291sqm, Bourdillon Road --- implied ₦5,000,000/sqm + ₦1.4B premium, 38/62 split Posted: 5 September 2026 Listed by: Smilebay Realties Limited --- Ref: #365-859-6

Bourdillion Road, Ikoyi, Lagos Added yesterday
Smilebay Realties Limited
Bare Land Ideal for High Rise Apartments — Bourdillion Road, Ikoyi, Lagos
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₦22,087,990,000

Mixed-use land joint venture

Bare Land Ideal for High Rise Apartments

Bourdillon Road, Ikoyi. Joint Venture. 4,417.598 SQM. Federal C of O. Survey Available. 27-Floor Luxury Residential Tower. 50 Units. Premium ₦1.5B. This Exact Parcel Is Being Quoted at More Than One Price Right Now --- Here's the Range a Developer Should Actually Negotiate Within. The problem There's a category of Bourdillon Road JV land where the address is genuinely elite --- but the same physical parcel gets marketed through multiple facilitators simultaneously, each quoting a slightly different land value, premium, and sharing split for what is, size for size, the identical plot. That's precisely the situation with 4,417.598sqm on Bourdillon Road. Multiple independently listed JV opportunities on this exact same road, at this exact same size, show land values ranging from ₦3.8 million to ₦4.5 million per sqm, with premiums ranging from nil to ₦1.3 billion, and sharing splits ranging from 60/40 to 64/36 in the developer's favor. A near-identical 4,417m² Bourdillon parcel described elsewhere carries the same 50-unit mix --- 30 four-bedroom apartments, 16 five-bedroom apartments, and 4 five-bedroom penthouses across 28 floors --- strongly suggesting this is the same underlying land being represented through more than one channel. This listing states a headline price of ₦22,087,990,000, which works out to exactly ₦5,000,000/sqm, plus a stated ₦1.5B premium on top. Before responding to any of the other terms, a serious developer needs to know: this is priced above every other independently found comparable for this exact size and road. The agitation Here's the actual spread of what's being quoted for Bourdillon Road land at or near this exact size, and why it matters enormously to your equity outcome. A 4,417.598sqm parcel on Bourdillon Road is separately listed at ₦3.8 million per sqm --- approximately ₦16,786,872,400 total --- with a Federal C of O and no premium stated for now. A 2,281sqm Bourdillon parcel, also Federal C of O, is listed at ₦4.5 million per sqm with a ₦1.1 billion premium and a 60/40 developer-favored split. Another 2,281sqm Bourdillon parcel with the identical title and rate structure carries a ₦1.3 billion premium instead. A 2,340sqm parcel on the adjacent Milverton Road, Lagos State C of O, is listed at ₦4.5 million per sqm with no premium. And a distress-sale 2,281sqm Bourdillon parcel --- genuinely comparable in title and location --- is priced at ₦5,000,000/sqm net, but explicitly marked as a motivated, below-market distress sale rather than a standard asking rate. This listing --- ₦5,000,000/sqm implied, plus a separate ₦1.5 billion premium --- sits at or above every one of those comparables, including the distress-sale outlier. Against the ₦3.8M--₦4.5M/sqm cluster that most standard (non-distress) Bourdillon and Milverton JV land is actually asking, this listing's implied rate is meaningfully elevated, and the ₦1.5B premium on top of it is the highest premium figure found across the comparable set. For an equity JV specifically, this isn't a minor detail. The land value and premium together set the baseline the landowner's equity share is calculated against --- in this case, a stated 36% to the landowner (18 of 50 units) versus 64% to the developer (32 units). If the underlying land value is inflated relative to genuinely comparable Bourdillon parcels, the landowner's 36% share is effectively worth more than the land justifies, and the developer's 64% share carries a correspondingly worse return before a single unit is sold. The solution 4,417.598 square metres, Bourdillon Road, Ikoyi. Federal Certificate of Occupancy. Survey available. Stated land value implying ₦5,000,000/sqm. Premium: ₦1.5 billion. Development: 27-floor luxury residential project, 50 luxury apartments. Sharing: Landowner 36% (18 units), Developer 64% (32 units). Developer funds 100% of construction costs. Preferred contractors: El-Alan or Cappa & D'Alberto. Timeline: 36 months. Proof of funds required. Here is what's genuinely verified and what a developer should negotiate before signing anything: Verified: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law --- a real, meaningful advantage, and consistent across most of the comparable Bourdillon parcels found. Verified: address and scale. Bourdillon Road is one of Ikoyi's most recognized addresses, and 4,417.598sqm is large enough to support the stated 27-floor, 50-unit development without footprint constraints. Needs negotiation: land value. Given that comparable Bourdillon and adjacent Milverton parcels are asking ₦3.8M--₦4.5M/sqm without a distress-sale discount, a developer has a strong, evidence-based case to negotiate this parcel's value down from its implied ₦5,000,000/sqm toward that established range before agreeing to any sharing formula. Needs negotiation: the ₦1.5B premium. This is the highest premium figure found across every comparable Bourdillon and Milverton listing reviewed --- several comparable parcels state nil premium, and the next-highest found was ₦1.3B. This figure should be treated as a starting position, not a fixed cost. Needs verification: whether this is the same parcel marketed elsewhere. Given the identical size (4,417.598sqm / 4417m²) and closely matching unit mix found in a separately listed Bourdillon parcel, a developer should ask directly whether this is the same underlying land being represented by a different facilitator --- and if so, treat every version's terms as points of negotiation against each other. Why this beats going in without asking. A developer who anchors negotiation to the ₦3.8M--₦4.5M/sqm range already documented on this exact road, and who explicitly raises the premium disparity, is in a materially stronger position than one who accepts this listing's implied rate and premium at face value. The call to action 4,417.598sqm. Bourdillon Road, Ikoyi. Federal C of O. Implied ₦5,000,000/sqm plus ₦1.5B premium --- both above the documented range for comparable parcels on the same road. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask directly: is this the same parcel being marketed elsewhere at ₦3.8M--₦4.5M/sqm, and is the land value and premium negotiable toward that documented range? Serious developers only. Proof of funds required. Independent verification of land value against comparable Bourdillon Road listings strongly recommended before proposal. The address is already Bourdillon Road --- that part isn't in question. The title is already Federal C of O --- that part checks out. The number that actually needs negotiating is the one this listing quotes above everything else trading on the same road. Land Type: Mixed-use Land --- Joint Venture Size: 4,417.598 sqm Stated Total Price: ₦22,087,990,000 (implies ₦5,000,000/sqm --- flagged as above comparable range) Premium: ₦1,500,000,000 (flagged as highest among comparables found) Title: Federal Certificate of Occupancy Survey: Available Development: 27-floor luxury residential project, 50 luxury apartments Sharing: Landowner 36% (18 units) / Developer 64% (32 units) Developer Funding: 100% of construction costs Preferred Contractors: El-Alan / Cappa & D'Alberto Timeline: 36 months Requirement: Proof of funds required Location: Bourdillon Road, Ikoyi, Lagos Market Comparable Context (Bourdillon Road / adjacent Ikoyi JV land): 4,417.598sqm, Bourdillon Road, Fed C of O --- ₦3,800,000/sqm, nil premium (≈₦16,786,872,400) 2,281sqm, Bourdillon Road, Fed C of O --- ₦4,500,000/sqm + ₦1.1B premium, 60/40 split 2,281sqm, Bourdillon Road, Fed C of O --- ₦4,500,000/sqm + ₦1.3B premium 2,340sqm, Milverton Road (adjacent), Lagos State C of O --- ₦4,500,000/sqm, nil premium 2,281sqm, Bourdillon Road, Fed C of O, distress sale --- ₦5,000,000/sqm net (below-market motivated sale) This listing: 4,417.598sqm, Bourdillon Road --- implied ₦5,000,000/sqm + ₦1.5B premium Posted: 5 September 2026 Listed by: Smilebay Realties Limited --- Ref: #365-857-7

Bourdillion Road, Ikoyi, Lagos Added yesterday
4417 sqm
Smilebay Realties Limited
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₦18,000,000,000

Mixed-use land joint venture

4000SQM Mixed-Use Land with Structure

Joint venture in Ikoyi, Lagos. Open proposal Location: Cameron/Kingsway Road Ikoyi Land size: 4000sqms with structure. Land value: ₦4.5million/sqm Proposal: Open Title: C of O Sharing ratio: 50/50. Facilitators fees 10% Mixed developments. The road is zoned for a minimum amount of floors PS The survey will be made available upon request

Cameron/Kingsway Road, Ikoyi, Lagos Added yesterday
4000 sqm
Business Accords
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₦21,000,000,000

Mixed-use land joint venture

5, 000SQM Mixed-Use Land

Joint venture 5,000SQM osborne phase 1 waterfront 3,200SQM to BE reclaimed by developer from the lagoon federal C of O Land summary Total Size: 5,000SQM Price: ₦4,200,000/SQM Total Land Value: ₦21,000,000,000 Note On Ground: 1,800SQM Direct Waterfront Build ready To Be Reclaimed: 3,200SQM From the lagoon by Prospective Developer Property Details Location: Osborne Phase 1, Ikoyi, Lagos Title: Federal Certificate of Occupancy & Other Relevant Documents Proposal: Detached Houses or Terrace Houses JV Terms: Sharing Formula To Be Discussed Facilitator's Fee: 10% Note: 3,200SQM requires reclamation from the lagoon as advised by the owner

Osborne, Ikoyi, Lagos
5000 sqm
Bentol Home Plus
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₦12,600,000

Mixed-use land joint venture

2800SQM Land

Closable JV on glover road Land measuring 2800 sqm for joint venturw Location: Glover Rd, Ikoyi Land Value: 4.5m per sqm Premium - Nil Title: C of O Proposal: (Minimum of 15 floors) Developer who has done highrise Facilitators fee: 10% of the Land value. Terms and conditions apply Wez

Glover Road, Old Ikoyi, Ikoyi, Lagos
2800 sqm
Charis Estate
2340 SQMS Mixed Use Land — Milverton Road, Ikoyi, Lagos
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1
₦4,500,000

Mixed-use land joint venture

2340 SQMS Mixed Use Land

Joint venture] Prime 2,340 SQM High-Density JV Plot -- Milverton Road, Ikoyi Property Overview An exceptional high-density Joint Venture opportunity situated on prestigious Milverton Road, Ikoyi. This prime parcel offers maximum floor-area potential for developers seeking to construct a landmark high-rise residential or multi-use tower in one of Africa's premier real estate corridors. Transaction Type: Joint Venture (JV) Location: Milverton Road, Ikoyi, Lagos Plot Size: 2,340.32 SQM Land Value: ₦4,500,000 per SQM Title: Lagos State Certificate of Occupancy (C of O) Premium: Nil Survey Plan: Available upon verified submission of corporate profile

Milverton Road, Ikoyi, Lagos
Smilebay Realties Limited
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₦18,000,000,000

Mixed-use land joint venture

Strategic Land with a Demolishable Structure in a Good Location

Joint venture in old ikoyi Land size: 4000sqms with structure. Land value: ₦4.5million/sqm Proposal: Open *Title: Federal C of O Sharing ratio: 50/50. Facilitators fees: 10% Mixed developments. Developer to build above designated minimum number of approved floors

Off Cameron Road, Ikoyi, Ikoyi, Lagos
4000 sqm
Ambuiltech Project & Services Ventures LTD
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₦5,400,000,000

Mixed-use land joint venture

Land for a Serious and Ready to Close Developer

Joint venture location banana island ikoyi land size 1200 SQM proposal block of high rise mixed zone development land value 4.5M per SQM facilitators fees 10%

Banana Island, Ikoyi, Lagos
Ambuiltech Project & Services Ventures LTD
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₦18,000,000,000

Mixed-use land joint venture

Mixed-Use Land Development

Joint venture location banana island land size 4000SQM proposal block of high rise mixed zone land value 4.5M per SQM facilitators fees 10%

Mix Zone, Banana Island, Ikoyi, Lagos
Ambuiltech Project & Services Ventures LTD
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₦4,500,000

Mixed-use land joint venture

Mixed-Use Land

Hot Ikoyi JV JV 4,000sqms Just on Cameron/Kingsway Road ikoyi Land size: 4000sqms with structure. Land value: ₦4.5million/sqm Proposal: Open Title: C of O Sharing ratio: 50/50. Facilitators fees 10% Mixed developments. But that area is designated for a minimum amount of floors The best joint Venture available in Ikoyi

Kingsway, Ikoyi, Lagos
4000 sqm
Booma Properties
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₦9,124,000,000

Mixed-use land joint venture

Land Measuring 2, 281 SQM in a Very Prime Location

Joint venture (JV) bourdillon road ikoyi, lagos terms & conditions for joint venture partnership Prospective partner: A proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments. Plot size: 2,281m2. Title: Federal Government Certificate of Occupancy. Value of the land: N4m/m2 Type of Development: High density/high-rise 10 -- 15 floors mix of 26 units of contemporary top luxury 4-bedroom maisonettes & 6 units 4/5-bedroom penthouses with modern facilities & amenities. Height: Permissible by lasg building authorities but without crowding... 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 65%/Landowner 35%. Premium: N600m (deductible from proceeds from the sale of one of landowners' maisonettes). 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 value (NET).

Bourdillon Road Ikoyi, Lagos, Ikoyi, Lagos
2281 sqm
Ire-Loni International Limited
3, 932 SQMS Mixed Use Land — Glover Road Ikoyi, Ikoyi, Lagos
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₦15,728,000,000

Mixed-use land joint venture

3, 932 SQMS Mixed Use Land

Glover Road, Ikoyi. 3,932 SQM. Joint Venture. Planning Approved. Piling Already Completed. ₦4,000,000/SQM. No Premium. This Is Not Raw Land. This Is a Site That Has Already Cleared the Slowest Part of the Process. The problem There is a category of Lagos high-rise development conversation that most JV listings never actually reach --- the stage where planning approval is secured and the foundation work has already started. Most JV land offered to developers in Ikoyi is still theoretical. Survey pending. Approval pending. Premium undisclosed until a contractor has already spent weeks in negotiation. The genuine bottleneck for a high-rise contractor isn't finding land in Ikoyi --- it's finding land where the 12-to-18-month approval cycle has already been absorbed by someone else, and where the ground has already been tested and piled. This listing is that site. 3,932sqm on Glover Road, Ikoyi. Lagos C of O. Planning already approved for a 17-floor block of flats. Piling already completed. No premium attached to the land value. The question for a serious high-rise contractor isn't whether Ikoyi land is worth developing. It's whether this specific site --- already de-risked at the two stages that kill most JV timelines --- is worth committing to before another contractor closes it. The agitation Here is what the comparable market shows right now. A near-identical 3,900sqm parcel elsewhere in Ikoyi, also carrying an approved 17-storey high-rise development, is currently listed at ₦15,600,000,000 --- effectively the same size, the same approval status, priced at roughly ₦4M/sqm once premium and terms are factored in. A separate comparable, also close to 3,932sqm in a high-profile Ikoyi location, has been marketed as "closeable" at ₦15,728,000,000. This listing --- 3,932sqm at ₦4,000,000/sqm, no premium --- works out to approximately ₦15,728,000,000 in total land value, placing it directly inside the range both comparables above are asking for. The difference is what this listing has that a purely land-value comparison doesn't show: piling is already completed. On a 17-floor high-rise, piling is not a minor milestone --- it's the geotechnical and structural foundation work that typically consumes months of a project timeline and carries real risk if soil conditions turn out to be difficult. That risk has already been absorbed here. Every month a qualified high-rise contractor spends evaluating a still-theoretical JV elsewhere in Ikoyi is a month this site's timeline advantage compounds. Approval delays are the single most common reason Lagos high-rise JVs stall before a foundation is even poured. This one has already cleared that stage. The solution 3,932 square metres, mixed-use land, Glover Road, Ikoyi. Lagos State Certificate of Occupancy. ₦4,000,000 per sqm, no premium. Planning approved for a 17-floor block of flats. Piling completed. Survey available. Here is what each element actually delivers to the contractor evaluating this deal: Planning approval already secured. The single longest and most unpredictable phase of a Lagos high-rise JV --- Lagos State Physical Planning Permit approval for a 17-floor structure --- has already been obtained. A contractor stepping into this deal is not waiting 12-18 months before construction can legally begin. They are stepping in at the construction phase. Piling already completed. The geotechnical risk on a 17-floor structure is real and expensive to get wrong. Piling completion means the foundation engineering has already been tested against the actual soil conditions on this specific site --- not modeled from a neighbouring parcel's data. This removes a major source of budget and timeline uncertainty before the JV contract is even signed. No premium. The land value is the land value --- ₦4,000,000/sqm, disclosed upfront. No separate negotiation over a premium figure layered on top after due diligence has already consumed time and cost. Glover Road, Ikoyi. A residential and mixed-use street inside the same Ikoyi core that includes Bourdillon, Alexander, and Awolowo Road --- established infrastructure, established demand, not a developing axis with unproven absorption. Lagos State C of O, survey available. Title documentation ready for immediate solicitor review --- a straightforward due diligence process rather than a title chain requiring reconstruction. Why this beats the alternative JV sites currently on the market. The two closest comparable parcels --- both around 3,900sqm with a 17-storey approval --- are asking a similar or higher total land value without disclosing whether piling has been completed. A contractor evaluating those sites is still pricing in the foundation-stage risk this listing has already removed. At the same approximate land value, this is the site with less remaining execution risk. The call to action 3,932sqm. Glover Road, Ikoyi. ₦4,000,000/sqm. No premium. Approved 17-floor block of flats. Piling completed. This is not an offer for a corporate professional looking to buy a home. This is a JV slot for a high-rise contractor or developer with proven capacity to take a piled, approved site to completion. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Serious high-rise contractors only. Survey and approval documentation available for immediate review. The approval is already granted. The piling is already done. The part of this project that usually takes a year has already happened. Land Type: Mixed-use Land --- Joint Venture Size: 3,932 sqm Land Value: ₦4,000,000/sqm (estimated market rate) Premium: Nil Title: Lagos State Certificate of Occupancy (C of O) Survey: Available Owner's Development Preference: 17-floor block of flats Planning Approval: Approved Current Status: Piling completed Contractors Preferred: Experienced high-rise contractors Agency Fee: 10% Location: Glover Road, Ikoyi, Lagos NPC Comparable Context: 3,900sqm parcel, Ikoyi, approved 17-storey high-rise --- ₦15,600,000,000 Closeable ~3,932sqm parcel, high-profile Ikoyi location --- ₦15,728,000,000 This listing: 3,932sqm, Glover Road, Ikoyi, approved + piled --- approx. ₦15,728,000,000 (₦4,000,000/sqm, no premium) Posted: 25 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-895-3

Glover Road Ikoyi, Ikoyi, Lagos
Smilebay Realties Limited
Well Positioned Property in a Prime Location — Glover Road, Old Ikoyi, Ikoyi, Lagos
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₦4,200,000

Mixed-use land joint venture

Well Positioned Property in a Prime Location

Joint Venture: Glover Road, Ikoyi Land size: 1932sqm(there is a structure on the property) Title: Fed C of O Land Value: ₦4.2m / m² Terms: - Proven track record of building higher floors in Ikoyi or Victoria Island - ⁠Sharing 45:55 in favor of the developer - - ⁠Proposal : Apartments / Maisonettes / Penthouse - - ⁠Brokers' Fee: 10% of the land value Please share the developer's profile.

Glover Road, Old Ikoyi, Ikoyi, Lagos
1932 sqm
Deherculean Enterprises
Open Proposal Joint Venture Available with C of O at Bourdillon — Bourdillon Road, Ikoyi, Lagos
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₦16,800,000,000

Mixed-use land joint venture

Open Proposal Joint Venture Available with C of O at Bourdillon

Joint venture, ikoyi Location: Bourdillon Road, Ikoyi Land Size: 4,417.598sqm Land Value: ₦3.8m/sqm Land Title: Fed C of O Proposal: Open Sharing Formula: To be discussed Premium: 1.1B Facilitator's Fee : 10% of the land value. Elim/Alfred terms & conditions for joint venture partnership at NO 50 bourdillon road, ikoyi, lagos. Prospective partner: A proven capable financier & developer for the construction of high-density/high-rise top notch luxury apartments. Plot size: 4417m2. Title: Federal Government Certificate of Occupancy. Value of the land: N4.5m per sqm Type of Development: High density/high-rise mix of 50 units *30 units of 4 bedroom apartment *16 units of 5-bedroom apartments *4 units of 5 bedroom penthouse Height: 28 floors or more permissible by lasg building authorities but without crowding... Architects: Paradigm/Rumis. (Developers may present their architects & designs but if both parties disagree on the designs, it will be outsourced to Paradigm/Rumis.) Construction firm: Elalan, Cappa & D'Alberto, etc. In-house builders will be considered if the standard/portfolio (in Ikoyi) matches those of the preferred contractors. Sharing formula: Developer 64%Landowner 36% Premium: N1.3B 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: landowners will provide detailed finishing documents to be applied to their units & common areas if finishing documents by the JV partner is not mutually agreed upon. Facilitators' fee: 10% of land value (neg.)

Bourdillon Road, Ikoyi, Lagos
4417 sqm
Temosh Global Properties LTD
Featured
₦20,000,000,000

Mixed-use land joint venture

A Closable Joint Venture Located in a Strategic Area with C of O.

️ Old ikoyi JV off alexander RD 4,800SQM 10-floor twin towers NO premium N20BN > land value !!! Location: Off Alexander Road, Old Ikoyi Land Size: 4,800 sqm Prime Old Ikoyi Title: Federal C of O 99 Years Unexpired Best Title Land Value: N20BN N4.17M/sqm Premium: N0 Zero Premium Sharing: 40:60 Owner 40% Developer 60% Proposal:!Luxurious 10-Floor Twin Towers Facilitator Fee:!10% = N2BN owner's terms - Wants Reputable Construction Firm --- Track record in Ikoyi/V.I/Banana required - No Premium --- Owner trades premium for speed + quality dev 99yr Fed C of O --- Cleanest title. -!Fast approval, bank finance ready Why This Deal: - Off Alexander Rd --- Old Ikoyi's billionaire row. Neighbors: Dangote, Otedola - 4,800sqm + No Premium --- Last big site in Old Ikoyi. N4.17M/sqm is entry price - 60% to Developer --- Unusual. Owner wants legacy project, not max profit - Twin Towers 10 Floors --- Build - 50-60 luxury units. Old Ikoyi = - N1.5BN-N2.5BN per unit Project Angle: - Build: 10-Floor Twin Towers 4/5-Bed Luxury Flats + Penthouses - Old Ikoyi Comps: N1.8BN-N2.8BN per unit - GDV Potential: N90BN-N140BN Dev's 60% = N54BN-N84BN mandatory: Reputable firms only. Evidence of pof + 10-floor+ projects delivered in Lagos required. Owner will verify capacity. @iyaja_mailliw$$

Off Alexander Road, Old Ikoyi, Ikoyi, Lagos
4800 sqm
Temosh Global Properties LTD
₦9,200,000,000

Mixed-use land joint venture

2, 300 SQM Mixed-Use Land Development

Prime Development Opportunity Banana Island, Lagos Land Size: 2,300 SQM Title: Lagos State C of O Zoning: Mixed-Use Land Value: ₦4,000,000 per SQM Premium: ₦300,000,000 Preferred Development - High-Rise Development - Proposed: 14 Floors Minimum - 50/50 Joint Venture Structure - Minimum development height: 14 Floors Approval status No current building approval; however, the property has been regularized with Lagos State. Facilitator's fee - 6% Facilitation Fee - Plus 1 Unit of Flat Strictly for capable & experienced developers. This is a prime Banana Island development opportunity suited for a developer with the capacity, experience and financial strength to execute a high-rise project. Serious & Qualified Developers Only. Survey plan available for see and inspection 24 hours notice please #mramos

Banana Island, Ikoyi, Lagos
2300 sqm
Life's Luxury
2778SQM Land — Awolowo Read, Ikoyi, Lagos
1
₦6,945,000,000

Mixed-use land joint venture

2778SQM Land

Joint venture Awolowo Road, ikoyi Size: 2778sqm Title: C of O Mix use development (80% commercial/20% residential) No premium Value N2.5m per sqm Sharing is to be determined Fee 7.5% Olum

Awolowo Read, Ikoyi, Lagos
2778 sqm
Joe Bless Homes and Properties
₦18,000,000,000

Mixed-use land joint venture

Bare Land Measuring 4000SQM

Hot Ikoyi JV JV 4,000sqms Just on Cameron/Kingsway Road ikoyi Land size: 4000sqms with structure. Land value: ₦4.5million/sqm Proposal: Open Title: C of O Sharing ratio: 50/50. Facilitators fees 10% Mixed developments. But that area is designated for a minimum amount of floors Call Rutavin Company Limited [email protected] 08036181613

Cameron/Kingsway Road, Old Ikoyi, Ikoyi, Lagos
4000 sqm
Rutavin Company Limited
Land — Milverton Road, Ikoyi, Lagos
1
₦4,500,000

Mixed-use land joint venture

Land

Joint venture - milverton road ikoyi. Location: Milverton Road Ikoyi,Lagos.. 2 plots of land (A&B) Land Size: 2340.32 sqm & 2298.20 sqm Land Value: 4,500,000 per sqm Title: Lagos State C of O. Premium: Nill mou: If required. #v(T)Kenne)

Milverton Road, Ikoyi, Lagos
Property Finders (Ibile Global Mart Limited)
Premium Land — Milverton Road, Ikoyi, Lagos
1
₦20,873,340,000

Mixed-use land joint venture

Premium Land

Joint venture opportunity: Milverton road, ikoyi ₦20.873,340,000B land value ₦2.08B facilitator fee @ 10% est. ₦85B - ₦120B GDV _*this isn't just land. It's a legacy asset._* Property Snapshot Location: Milverton Road, Ikoyi, Lagos Land Size: Plot a: 2,340.32 SQM Plot B: 2,298.20 SQM Total: 4,638.52 SQM Land Value: ₦4,500,000/SQM = ₦20,873,340,000 Facilitator Fee: 10% = ₦2,087,334,000 Est. GDV: ₦85B - ₦120B _Based on 11-15 floor luxury towers_ Title: Lagos State C of O Premium: Nil Survey + mou: Available upon company profile submission Development Brief Owner's Preference: Single Tower or Twin Tower Development Minimum: 11 Floors and above Use: Ultra-Luxury Residential / Commercial Contractor: Must be verified and experienced WHY this matters 1. Address: Milverton Road is Ikoyi's most prestigious street. Scarcity + prestige = premium pricing. 2. Scale: 4,638SQM to build 150-240 luxury units. Strong demand from HNIs, diplomats, corporates. 3. Terms: C of O. No

Milverton Road, Ikoyi, Lagos
4639 sqm
Pathfinder Homes and Constructions Limited

Showing 1–20 of 27 properties

Area Guide

About Ikoyi, Lagos

By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.

Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.

Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.

Read the full area guide
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There are 27 available mixed-use land joint venture in Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.

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