Strategic Land For A Benchmark Development
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Property Description
**JOINT VENTURE OPPORTUNITY**
Bourdillon Road
--- 4,400 m²
(JV Opportunity)
Strategic JV on Bourdillon Road --- 4,400m² with developer-preferred equity structure and ₦900M premium
Property summary
A prime Bourdillon Road estate offered on a JV basis where the developer takes a majority project share to deliver a high-end residential scheme. The proposal prioritises maximum profitable use of the land and includes a premium payable to the developer that is deductible from the landowner's entitlement.
Key facts & proposed JV terms
- Area: 4,400 m²
- Benchmark land value: ₦3,000,000 / m² Total land value ≈ ₦13,200,000,000
- Proposed JV equity split: Developer 65% : Landowner 35%
- Premium: ₦900,000,000 deductible from the landowner's share and credited to the developer (exact mechanics to be agreed)
Opportunity & recommended uses
- High-end villas, gated estate or luxury multi-unit residential
- Developer to lead design, construction, sales and marketing with majority equity position
- Flexible structuring: profit-share, unit allocation, or phased delivery
Title & legal notes
- Title(s): CofO
Financial & structuring considerations
- Benchmark land value indicates significant GDV opportunity; a detailed GDV-based financial model is required to establish IRR and payback
- Clarify timing and payment mechanism for the ₦900M premium --- whether paid upfront, staged or credited against landowner equity
- Tax, stamp duty and development levy implications should be reviewed
Investment highlights
- Majority developer equity and a sizable premium incentivise developer-led delivery
- Prime address with strong market demand for luxury product ensuring attractive exit options
For more information or to schedule a viewing, please contact us.
This is a rare opportunity to invest in a prime location in one of the most prestigious locations In Lagos---don't miss out on securing your slice of luxury in Lagos!
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Property Details
| Property Ref: 3043069 | Last Updated: 21 Aug 2025 | Market Status: Available |
| Type: Residential Land | Total Area: 4,400 sqm |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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