19183sqm Of Development Land

Listing titleSemi‑Direct Mandate --- Land for Joint Venture (19,182.357 sqm) --- Elerangbe (off Lekki‑Epe Expressway), Ibeju‑Lekki Land value ₦1,000,000,000 Facilitator fee 10%

OverviewStrategic JV opportunity in the fast‑growing Ibeju‑Lekki corridor: a single consolidated parcel of 19,182.357 sqm (c. 1.918 ha) at Elerangbe, immediately off the Lekki‑Epe Expressway. The owner is seeking a credible development partner for a land‑for‑equity or alternate JV structure. The site is offered on a semi‑direct mandate --- land value indicated at ₦1.0 billion and the facilitator's fee is 10%.

Property summary

- Location: Elerangbe, off Lekki‑Epe Expressway, Ibeju‑Lekki, Lagos State
- Size: 19,182.357 sqm (c. 1.918 hectares) --- single consolidated parcel
- Land value (indicative): ₦1,000,000,000
- Proposal: Open --- landowner will consider JV structures (land‑for‑equity / profit share / hybrid financing) or outright sale to qualified buyers
- Facilitator fee: 10% (payable as agreed in Heads of Terms)
- Sale type: Semi‑direct --- owner prefers direct engagement with experienced developers and institutional partners

Why this site is attractive

- Location advantage: Positioned within the Ibeju‑Lekki growth corridor --- an area seeing major public and private infrastructure investment and industrial/residential demand.
- Expressway access: Immediate proximity to Lekki‑Epe Expressway facilitates logistics, construction mobilisation and market connectivity.
- Scale & flexibility: Nearly 2 hectares of contiguous land provides development scale suitable for residential estate, mixed‑use, logistics yard, institutional campus or phased masterplanning.
- Quick mobilisation potential: Estate infrastructure in the corridor shortens lead times for greenfield delivery compared with more remote sites.

Suggested development concepts (examples)

- Serviced residential plots / gated terrace cluster or apartment scheme
- Mixed‑use development with convenience retail and residential above
- Logistics / small industrial park or cold‑chain units (subject to zoning)
- Institutional campus: educational or health facility
- Landbank for phased disposal to developers or investors

What the owner seeks in a partner

- Proven delivery track record on Lagos developments (portfolio and references required)
- Financial capacity to fund pre‑development and construction phases (proof of funds / bank references)
- Capability to manage approvals, contractor procurement and sales/marketing in the Lekki market
- Willingness to agree transparent JV governance, escrow and milestone arrangements

Documentation & information (available on qualification)

- Certified title documents and survey plan will be provided to qualified parties (please submit LOI + proof of funds)
- Basic site dossier on request (NDA may be required): high‑level concept, site photos and initial constraints notes

Due diligence checklist (recommended)

- Legal: Certified title verification, chain of ownership and solicitor's searches.
- Survey: Certified site survey and pegging confirmation on site.
- Technical: Topographic & geotechnical investigations, drainage/flood risk and site access appraisal.
- Planning: Confirm zoning/permitted uses and planning obligations with Lagos State planning authority.
- Environmental: EIA screening (coastal/corridor projects may require additional checks).
- Utilities: Confirm proximity/availability of power, water and telecoms and estimated connection costs.
- Commercial: Market feasibility and sales/letting comparables to inform product mix.

Indicative JV / commercial process

1. Submit Letter of Interest (LOI) including company profile, RC/TIN and proof of funds.
2. Sign NDA (if required) and receive certified title & survey for review.
3. Site inspection and preliminary technical review by shortlisted partners.
4. Negotiate Heads of Terms (HoT): sharing formula, cost recovery mechanics, developer fee, programme and facilitator fee mechanics.
5. Execute JV Agreement, mobilise funds, obtain approvals and commence works per agreed milestones.

How to express interest

- Submit LOI and basic credentials to the facilitator for immediate consideration. Shortlisted parties will be contacted, provided the documentation pack and invited for a site visit.

Contact (Facilitator)The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]

Notes & disclaimers

- All figures and statements are indicative and provided in good faith. Final commercial terms will be determined by negotiation and due diligence.
- Facilitator fee (10%) is payable per the agreed Heads of Terms.
- Only qualified developers and institutional partners with verifiable capacity will be advanced to receive full documentation.

Ref: Nnedu