Mixed-use land joint venture
Raufu Taylor Close, Victoria Island (VI), Lagos
Verified & closable joint venture -- victoria island
raufu taylor close, victoria island, lagos
2,372.472 sqm prime dry land land value: ₦4 billion
no premium 50/50 sharing ratio facilitator fee negotiable
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jv opportunity overview
- location: raufu taylor close, victoria island, lagos -- a quiet, well-positioned residential street within lagos's most established island, offering proximity to commercial hubs, embassies, and amenities.
- land size: 2,372.472 sqm.
- land value: ₦4,000,000,000.
- price per sqm: ₦1,686,000 (approx.).
- premium: nil -- no upfront payment to landowner.
- sharing formula: 50/50 between landowner and developer.
- facilitator fee: subject to negotiation.
- status: prime dry land, verified and closable, ready for immediate jv engagement.
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key highlights
- prime victoria island address: raufu taylor close offers the prestige of vi living with tranquility and security, yet remains accessible to the island's commercial and social hubs.
- substantial scale: 2,372 sqm provides exceptional flexibility for a landmark residential or mixed-use development -- rare in built-up victoria island.
- no premium entry: zero upfront payment to landowner significantly lowers the developer's initial capital requirement -- a highly attractive jv term.
- balanced sharing: 50/50 is a fair and equitable split, incentivizing quality development while rewarding landowner contribution.
- verified & closable: this is a serious, vetted opportunity with a clear path to closure for the right developer.
- dry land advantage: no demolition or filling required -- construction can commence immediately upon jv finalization.
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️ development potential
2,372 sqm on victoria island is ideal for:
residential options:
- luxury apartment block: 20--30 high-end flats across 5--6 floors.
- terrace duplex cluster: 8--12 luxury terrace units.
- gated mini-estate: 5--7 detached or semi-detached villas.
mixed-use options:
- boutique hotel: 50--60 rooms with amenities.
- mixed-use complex: ground-floor retail/offices + residential above.
- corporate guest house: executive accommodation for multinationals.
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market context
metric value
land size 2,372.472 sqm
land value ₦4,000,000,000
per sqm valuation ₦1,686,000
market range (vi) ₦1.5m--₦2.5m/sqm
jv sharing 50/50
premium nil
- per sqm benchmark: victoria island land with good title typically ranges from ₦1.5m--₦2.5m/sqm depending on exact location and plot characteristics. at ₦1.686m/sqm valuation, this is competitively positioned.
- no premium advantage: most vi jvs require a premium payment. this zero-premium structure is rare and developer-friendly.
- scarcity factor: parcels of this size in victoria island are increasingly rare -- most have been developed or subdivided.
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requirements from prospective developers
reputable companies should submit the following documents, all written and signed by the developer:
1. viable letter of intent (loi) -- formal expression of interest and capacity.
2. company profile -- track record, portfolio, and experience in luxury developments.
3. development proposal -- preliminary concept, unit mix, architectural vision, financial projections.
4. facilitator's letter -- acknowledgment and agreement of facilitator fee terms.
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ideal for: established developers with proven track records seeking a prime victoria island jv opportunity with zero premium and a balanced 50/50 sharing structure.
a verified, closable 2,372 sqm jv on victoria island -- ready for serious developer engageme...
More details
₦4,000,000,000
Ac Valour International
08036503218