Joint Venture Mixed-use Land in Eleranigbe, Ibeju Lekki, Lagos

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: nn...