Land joint venture
Mixed-use land joint venture
Joint Venture Waterfront 20000SQM
About this property
This is Lekki's next waterfront headline. And it is 20,000 sqm of it.
*The Location That Commands Attention:*
Off Ladipo Latinwo Crescent, Lekki Phase 1 Extension. Sitting directly on the new dual carriageway connecting Lekki Foreshore to Lekki Phase 1. High visibility today, heavy traffic tomorrow. Certified survey plan in place. Clean for due diligence.
*The Asset:*
- *JV Land Size:* 20,000 sqm. Owner holds 30,000 sqm total
- *Type:* Waterfront. Direct access for premium residential, hospitality, or mixed-use
- *Note:* Part of the land requires sandfilling. Factor this into project costing and timeline
- *Land Value:* ₦1.5M per sqm. ₦30 Billion for 20,000 sqm
*The JV Structure:*
- *Sharing:* 60/40. Developer 60%, Landowner 40%
- *Entry Premium:* ₦900M non-refundable
- *Facilitation Fee:* 10%
*Why This Is A Play:*
- *Connectivity:* On the dual road linking Lekki Foreshore to Phase 1. Future traffic and visibility locked in
- *Waterfront:* Direct water access for high-end living or hospitality
- *Scale:* 20,000 sqm allows for a master-planned estate or phased development
- *Docs:* Certified survey plan available. Ready for serious due diligence
*Who Moves Next:*
Send developer company profile, LOI, agency letter, and proof of funds.
Serious developers with capacity for waterfront projects only.
Inupa
Property details
Area guide — Lekki
Interesting Facts
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
Leisure and Shopping
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Popular Estates
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety o...
Day Life
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time i...
Night Life
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are alway...
Schools
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
Read the full area guide for Lekki, Lagos
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Disclaimer
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