Mixed-use land joint venture
Bourdillon Road, Ikoyi, Lagos
Terms & conditions for joint venture partnership at bourdillon road, ikoyi, lagos.
prospective partne: a proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments.
plot size: 2281m2.
title: federal government certificate of occupancy.
value of the land: n2.3m/m2.
type of development: high density/high-rise mix of 30 units of contemporary top luxury 4-bedroom maisonettes including 6 units 4/5-bedroom penthouses with modern facilities & amenities.
height: permissible height by physical planning authorities.
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 upfront from landowners' portion).
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 (negotiable).
vol 9...
More details
₦5,246,300,000
Crestforesight Homes & Properties Ltd
2348060279348