7,000 Sqm Waterfront Land Joint Venture Banana Island

JOINT VENTURE OPPORTUNITY -- BANANA ISLAND, IKOYI, LAGOS
7,000 SQM Waterfront Land Federal C of O ₦3.5 Million per SQM
No Premium High-Rise Development Proposal Also Available for Sale (2,000 SQM Minimum)

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Property Overview

- Location: Banana Island, Ikoyi, Lagos -- Africa's most exclusive waterfront residential enclave, home to Nigeria's elite and international dignitaries.
- Land Size: 7,000 SQM (Waterfront).
- Title: Federal Certificate of Occupancy (C of O) -- the highest form of title security in Nigeria.
- Price: ₦3,500,000 per SQM.
- Total Land Value: ₦24,500,000,000.
- Premium: NIL -- no upfront payment to landowner for JV.
- Proposal: High-rise building -- capitalizing on waterfront views and Banana Island's prestige.
- Facilitator's Fee: 10% of total land value (₦2.45 Billion) -- NET.
- JV Sharing Ratio: To be negotiated (typically 50/50 or as agreed).
- Sale Option: Also available for outright purchase -- minimum 2,000 SQM.
- Status: Prime waterfront land, verified and ready for serious engagement.

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Key Highlights

- Ultimate Banana Island Waterfront: 7,000 SQM of prime waterfront land -- a once-in-a-generation offering in Lagos's most prestigious address.
- Superior Title Security: Federal C of O provides absolute ownership certainty -- bankable, transferable, and ready for JV financing.
- Massive Scale: At 7,000 SQM, this is one of the largest available waterfront parcels on Banana Island -- suitable for a landmark high-rise development.
- No Premium Entry: Zero upfront payment to landowner significantly lowers the developer's initial capital requirement -- a highly attractive JV term.
- High-Rise Potential: Waterfront location demands a iconic high-rise design -- maximizing views, density, and returns.
- Dual Option: JV partnership or outright purchase (minimum 2,000 SQM) -- flexibility for different investor profiles.
- Rare Offering: Waterfront land of this size with Federal C of O is virtually extinct on Banana Island.

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️ Development Potential -- High-Rise Waterfront

7,000 SQM waterfront land is ideal for:

- Luxury High-Rise Residential Tower: 20--25 floors of premium apartments, penthouses, and amenities.
- Mixed-Use Iconic Tower: Residential + boutique hotel + retail/restaurant with panoramic water views.
- Ultra-Luxury Condominiums: 40--60 units targeting ultra-high-net-worth buyers.
- Amenities: Swimming pool, gym, spa, concierge, secure parking, waterfront promenade.

Estimated Built-Up Area: Approx. 35,000--45,000 SQM (depending on design and floor plates).

Target Market: Ultra-high-net-worth Nigerians, diaspora buyers, international investors, diplomatic corps.

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Market Context

Metric Value
Land Size 7,000 SQM
Per SQM Price ₦3,500,000
Total Land Value ₦24,500,000,000
Market Range (Banana Island) ₦3.5M--₦6M/SQM
Waterfront Premium +30--50% over inland plots
Federal C of O Highest title security

- Per SQM Benchmark: At ₦3.5M/SQM, this waterfront land is competitively positioned within Banana Island's current market range (₦3.5M--₦6M/SQM depending on waterfront access and exact location).
- Waterfront Scarcity: True waterfront plots on Banana Island are exceptionally rare and command significant premiums.
- Federal C of O Advantage: Federal title provides the highest level of security -- a key differentiator for institutional investors and international buyers.
- Development Upside: A well-executed high-rise waterfront development could achieve Gross Development Value (GDV) of ₦50B--₦80B+, depending on unit mix and market conditions at completion.

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️ JV Structure (Typical)

Party Contribution Sharing (Negotiable)
Landowner Land (Federal C of O, valued at ₦24.5B) 40--50% of completed units/sales
Developer 100% Construction Funding 50--60% of completed units/sales

- Facilitator's Fee: 10% of total land value (₦2.45B) -- NET, payable upon successful transaction closure.

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Procedure for Interested Developers

Submit the following documents:

1. Letter of Intent (LOI) -- Formal expression of interest and capacity.
2. Company Profile -- Track record in luxury high-rise developments.
3. Detailed Project Proposal -- Architectural vision, unit mix, floor plans, financial projections, timeline.
4. Proof of Funds -- Evidence of construction financing capability (minimum ₦20B--₦30B project cost).
5. Facilitator's Fee Letter -- Acknowledgment and agreement of facilitator fee terms.

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Sale Option:
The land is also available for outright purchase -- minimum 2,000 SQM. Serious buyers can acquire a portion of this prime waterfront asset.

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Ideal For: Top-tier developers with proven experience in luxury high-rise, waterfront projects; institutional investors seeking a flagship Banana Island development; ultra-high-net-worth individuals wanting to acquire a piece of Banana Island's most exclusive waterfront.

A landmark 7,000 SQM waterfront opportunity on Banana Island with Federal C of O -- available for JV or sale. This is the pinnacle of Nigerian real estate.