Residential land joint venture
                      Bourdillon, Ikoyi, Lagos
                    
                        
                            *joint ventures (jv) in the heart of ikoyi*
*bourdillon road ikoyi, lagos*
*terms & conditions for joint venture partnership*
* prospective partner: a proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments.
*plot size: 2,281sqms*
*title: federal government certificate of occupancy*
*value of the land: ₦3.8m/sqm*
type of development: high density/high-rise mix of 26 units of contemporary top luxury 4-bedroom maisonettes & 6 units 4/5-bedroom penthouses with modern facilities & amenities.
height: permissible by lasg building authorities but without crowding.
architects: paradigm/rumis. (developers may present their designs but if both parties disagree on the designs, it will be outsourced to paradigm/rumis.)
construction firm: elalan, cappa & d'alberto, al mansour, etc. in-house builders will be considered if the standard/portfolio (in ikoyi) matches those of the preferred grade a contractors.
sharing formula: developer 65%/landowner 35%.
premium: ₦600m (deductible from proceeds from the sale of one of landowners' maisonettes).
proof of availability of funds to start & finish the project (eg., bank statement or guarantee or whatever the institution you plan to use).
detailed finishing documents.
facilitators' fee: 10% of land value (net).
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                        ₦8,700,000,000                                            
                    
                    
                    
                    
                    
                        Awodd Properties Ltd
                                                    
                                  09077019583