Mixed-use land joint venture
Ilabere Road, Ikoyi, Lagos
*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 (m...
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₦3,500,000
Neuraproperties
08038627963