There are 49 land joint venture in Ikoyi as of 3 Sep 2026. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Joint venture opportunity -- milverton road, ikoyi location: Milverton Road, Ikoyi, Lagos Land Details: - 2 Plots of Land (A & B) - Plot a: 2,340.32 sqm - Plot B: 2,298.20 sqm Total Plots= 4,629.52 Land Value: N4,500,000 per sqm Title: Lagos State C of O Premium: Nil Survey: Available upon submission of company profile mou: Available if required Owner's Development Preference:* - Single Tower or Twin Tower Development - Minimum of 11 Floors and above - Preferred contractor to handle construction must be verified and experienced a rare Joint Venture opportunity in one of Ikoyi's most prestigious locations, suitable for a high-end luxury development. Interested developers/investors are welcomed to engage. (MTom)
Milverton Road, Ikoyi, Lagos
Added today
4629 sqm
Leaders Properties Limited
Premium
1
₦6,500,000,000
Residential land joint venture
1400 SQMS Land
Banana Island, Ikoyi. 1,400 SQM. Joint Venture. ₦6,500,000,000 Land Value. ₦1,000,000,000 Premium. Federal Certificate of Occupancy. This Is Not a Home for a Renter to Buy. This Is the Plot a Developer Has Been Waiting For. The problem There is a category of Lagos real estate conversation that has nothing to do with escaping a landlord --- and this listing sits squarely inside it. Most JV opportunities marketed as "Banana Island" turn out to be undersized, poorly titled, or attached to a landowner whose sharing terms make the arithmetic unworkable before a single foundation is poured. Developers who have spent years circling this island for a genuine build slot know the actual bottleneck isn't capital. It's finding 1,400sqm, Federal C of O, on the island itself, from an owner who has already stated what they want built. This listing removes that bottleneck. The owner has already specified the outcome: a block of luxury flats, or luxury terrace houses with a penthouse. The title is Federal C of O --- the cleanest instrument available on this island. The land size is large enough to support a real development footprint, not a compressed one. The question isn't whether Banana Island is the correct address for a luxury residential development. It's whether this specific parcel, at this specific value, is the one worth committing construction capacity to before another developer does. The agitation Here is what the numbers on Banana Island JV land actually show right now. Recent comparable JV parcels on the island have valued land anywhere from roughly ₦850,000/sqm on older-dated listings up to ₦2.1M/sqm, ₦4M/sqm, and ₦5M/sqm on more recent 2026-dated JV offers --- a spread that reflects waterfront position, zoning, and how recently the parcel was valued. A 1,500sqm JV parcel currently listed elsewhere on the island values land at ₦5M/sqm for a total of ₦7.5B, proposing a mixed low-rise-to-penthouse structure comparable in ambition to what this owner is requesting. This listing --- 1,400sqm, ₦6.5B land value, ₦1B premium --- works out to approximately ₦4.64M per sqm before the premium is factored in. That places it inside the current Banana Island JV range, priced below the ₦5M/sqm comparable cited above, on a parcel large enough to support either of the two development formats the owner has already approved. The scarcity is not abstract. Banana Island's land supply for JV-ready parcels with Federal C of O --- as opposed to Lagos State C of O, or land still working through title perfection --- has been consistently limited, which is precisely why the JV structure exists at all: the owners holding this land are not selling it outright, and they are not releasing it to just any developer. Every month a qualified developer defers engaging this specific parcel, the risk isn't that the price falls. It's that another development partner with proof of capacity closes it first. The solution 1,400 square metres of residential land, Banana Island, Ikoyi. Federal Certificate of Occupancy. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Owner-approved development path: a block of luxury flats, or luxury terrace houses with a penthouse. Here is what this parcel actually delivers to the developer who can close it: Federal Certificate of Occupancy. The strongest individual title instrument available under Nigerian land law, superior in registration standing to a Lagos State-issued C of O or a Deed of Assignment awaiting Governor's Consent. For a developer financing construction against this land, or presenting to institutional co-investors, a Federal C of O removes the single biggest source of delay and legal risk in a Lagos JV --- title uncertainty. 1,400sqm on Banana Island itself. Not an adjacent axis, not a "Banana Island-adjacent" address used loosely by other listings. This is land on the island the entire luxury Lagos market treats as the ceiling reference point --- the address every other Ikoyi and VI comparable gets measured against, not the reverse. Owner-defined development brief. The owner is not asking a developer to guess what will be approved. Luxury flats, or luxury terrace houses with a penthouse, are already the stated preference --- which shortens the negotiation phase considerably compared to a JV where design intent is still undefined. ₦6.5B land value against a market range of ₦4M--₦5M/sqm on comparable 2026 JV parcels. At approximately ₦4.64M/sqm, this parcel sits inside --- and below the top of --- the current range for genuine Banana Island JV land, before any premium negotiation. ₦1B premium. Disclosed upfront, not buried in a facilitator's fee structure discovered mid-negotiation. A developer evaluating this deal knows the full cost basis before committing time to due diligence. Why this beats the alternative JV parcels currently circulating. Several Banana Island JV listings on the market right now carry ambiguous or undisclosed premiums, Lagos State C of O rather than Federal, or land sizes too small to support anything beyond a compressed low-rise. This parcel discloses its premium, holds the stronger title, and sits at a size that supports a genuine luxury block or terrace-with-penthouse format --- the exact profile that has driven the strongest resale and rental yields on the island over the past several years. The call to action 1,400sqm. Banana Island, Ikoyi. Federal C of O. ₦6,500,000,000 land value. ₦1,000,000,000 premium. Development path: luxury flats or luxury terrace houses with penthouse. This is not an offer for a corporate professional looking to stop renting. This is a JV slot for a developer, construction firm, or family office with the capacity to execute a Banana Island-grade build and the documentation to prove it. Call the agent, or send your company profile for survey review, via Smilebay Realties: +234 901 517 4801. Serious developers only. Proof of construction capacity required before terms are discussed. The island doesn't release land like this often. The title is already Federal C of O. The brief is already written. The developer who closes it hasn't been decided yet. Land Type: Residential Land --- Joint Venture Size: 1,400 sqm Land Value: ₦6,500,000,000 Premium: ₦1,000,000,000 Title: Federal Certificate of Occupancy (C of O) Owner's Development Preference: Block of luxury flats, or luxury terrace houses with penthouse Security: Security/gateman Location: Banana Island, Ikoyi, Lagos NPC Comparable Context (Banana Island JV/land market, 2026): 1,500.23sqm JV parcel, Banana Island Estate --- ₦5,000,000/sqm (₦7.501B total) 2,300sqm JV parcel, Banana Island (mixed zone) --- ₦4,000,000/sqm + ₦300M premium 1,900sqm JV parcel, Banana Island (corner piece) --- ₦2,100,000/sqm This listing: 1,400sqm, Banana Island --- approx. ₦4,640,000/sqm + ₦1B premium Posted: 24 July 2026 Listed by: Smilebay Realties Limited --- Ref: #358-722-7
Banana Island, Ikoyi, Lagos
Smilebay Realties Limited
Premium
₦4,500,000
Residential land joint venture
4000SQM of JV Land in a Well Secured Area Just in
Joint Venture Opportunity Alert Location : Banana Island Estate Road, Ikoyi, Lagos Key Details: . Land size: 4,000 SQM . Land Value: ₦4.5m Per SQM . Proposal: Maisonettes & Apartments . Facilitators' Fees: 10% . Sharing Ratio: TBD note: Owner wants a building on the 1,000 SQM for himself and 3,000 SQM with block of flats/maisonette High-rise. Experience Developer is a must with proof of Funds. Olajbatdangbe
Banana Island Estate Road, Banana Island, Ikoyi, Lagos
Added yesterday
4000 sqm
David Moren Property Services
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₦13,500,000
Residential land joint venture
3000SQM Residential Land
Joint venture Land Size: 3,000sqm Location: Kingsway, Ikoyi, Lagos. Land value: #4.5m per sqm Title: C of O Proposal: up to 12 floors Sharing Ratio: 60:40% Premium: nill Facilitators: 10% Net Note: - Send expression of interests & project proposal. - facilitators' fee's letter 10% Net. - construction company profile.
Kingsway, Ikoyi, Lagos
Added yesterday
3000 sqm
M.B.B Property & Legal Services
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₦8,810,227,630
Residential land joint venture
Residential Land on Glover Road
Joint venture opportunity Glover road, ikoyi Land Details: - Survey: Available - Location: Glover Road, Ikoyi - Size: 1,878.729 sqm - Title: Lagos C of O - Premium: Nil - Land Value: ₦4.700,000 per Sqm - Mou: Subject to agreement - Development Preference: Luxury Residential Apartments
Glover Road, Ikoyi, Lagos
Added yesterday
Gripzace Realty LTD
ADVERTISEMENTResponsive
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₦10,500,000,000
Residential land joint venture
A Land Measuring 2, 340.32 SQM
Joint venture opportunity -- milverton road, ikoyi Location: Milverton Road, Ikoyi, Lagos Land Details: - 2 Plots of Land (A & B) - Plot a: 2,340.32 sqm - Plot B: 2,298.20 sqm Land Value: N4,500,000 per sqm Title: Lagos State C of O Premium: Nil Survey: Available upon submission of company profile mou: Available if required Owner's Development Preference: - Single Tower or Twin Tower Development - Minimum of 11 Floors and above - Preferred contractor to handle construction must be verified and experienced a rare Joint Venture opportunity in one of Ikoyi's most prestigious locations, suitable for a high-end luxury developmen. Interested developers/investors are welcome to engage. #awdeZ
Milverton Road, Ikoyi, Lagos
2340 sqm
Awodd Properties LTD
Premium
₦4,000,000
Residential land joint venture
A Land Measuring 1159 SQM
JV available at lugard old ikoyi Size: 1159sqm Title: Lagos State CofO Agency: 10% Premium: 150M Proposal: Apartments Value: 4M per sqm Sharing formula: 50/50 Procedures: - Company profile - Letter of intent - Facilitators fees We can close in 1 week #awdjum
Lugard Road, Ikoyi, Lagos
Added yesterday
1159 sqm
Awodd Properties LTD
Premium
1
₦36,000,000,000
Residential land joint venture
8000SQM Prime Waterfront Land for Luxury Residential Development
8000sqm Prime Waterfront Land for Luxury Residential JV Development The property comprises approximately 8,000 SQM of prime waterfront land, with the option to divide into two portions, making it suitable for phased development. Development Purpose - Luxury Residential Development - Ultra-luxury apartments - Waterfront mansions - Premium high-end real estate project commercial terms Land Value: ₦4.5 Million per SQM Indicative Land Value: ₦36 Billion Premium: ₦2 Billion --- deductible from the Owners' Share Facilitators' Fee: 10% Title: Registered Supreme Court Judgment Location: 2nd Avenue, Banana Island, Ikoyi, Lagos
2nd Avenue, Banana Island, Ikoyi, Lagos
Jonela Concept
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₦21,600,000,000
Residential land joint venture
4800SQM of Exceptional Land
JOINT-Venture Development Opportunity Land- Corner Parcel --- Thompson & Glover Road, Old Ikoyi, Lagos Overview An exceptional joint-venture opportunity to develop a landmark luxury residential project on a prestigious corner parcel at the junction of Thompson Road and Glover Road, Old Ikoyi. The site presents a rare opportunity for a reputable, financially capable developer to deliver a high-end residential tower tailored to the luxury Old Ikoyi market. Site particulars - Location: Corner of Thompson Road & Glover Road, Old Ikoyi, Lagos - Land size: Approximately 4,800 sqm - Land value: ₦4,500,000 per sqm (indicative) - Indicative total land value: ₦21,600,000,000 (Twenty-one billion, six hundred million Naira) - Premium: Nil - Title: To be provided for review Development proposal The landowner seeks a development partner to deliver a premium residential high-rise with the following principal concept elements (final concept subject to feasibility and statutory approvals): - A high-rise residential tower of 15 floors and above. - Luxury three-bedroom apartments, each delivered with an accompanying Boys' Quarters (BQ). - Exclusive penthouse units configured with two or three BQs. - High-end architectural design and premium interior and building specifications appropriate for the Old Ikoyi luxury residential segment. - Final unit mix, massing, floor plate, parking, amenity provision and building configuration to be determined following detailed feasibility studies, market testing and planning approval processes. Development and planning considerations - The successful concept should prioritise privacy, security, landscaped communal spaces and premium resident amenities (e.g., concierge, gym, pool, secure parking and service areas). - All proposals must allow for compliance with Lagos State planning regulations and any federal requirements applicable to high-rise residential developments. - A robust financial feasibility, market positioning and phasing plan will be required as part of the JV negotiations. Developer submission requirements Interested and suitably qualified developers are invited to submit the following documentation for initial review: 1. Letter of Intent (LOI) --- formally expressing interest in pursuing the proposed joint venture. 2. Company profile --- demonstrating relevant track record, evidence of completed or ongoing high-end residential projects, financial capability and project delivery capacity. 3. Facilitator's fee confirmation --- a letter acknowledging a 10% facilitator's fee backed by an imfpa applicable to the transaction. Next steps & contact Shortlisted parties will be invited to receive the site information pack, legal title documents (upon request), and to participate in a site visit and subsequent commercial discussions. Detailed development briefs and heads of terms will be issued to qualified respondents following initial review. Important notes - All information provided is indicative and subject to contract, verification and landlord approval. - Prospective developers are expected to undertake their own due diligence (legal, technical, planning and financial) prior to commitment. - Planning permissions, approvals and any statutory fees or levies are to be addressed as part of the development programme and JV negotiation. #atafo
Glover Road JCT, Old Ikoyi, Ikoyi, Lagos
4800 sqm
The Build Centre Properties
Premium
₦4,500,000
Residential land joint venture
A Corner Piece Land
Joint venture @ old ikoyi, lagos Location: A Corner piece between Thompson road and Glover road, Old Ikoyi, Lagos. Land Size: Approximately 4,800 sqm Land Value: ₦4.5m/ sqm Title: C of O Premium: Nill Sharing ratio: TBD Facilitators' fee: 10% of total land value. Proposal a premium luxury residential development comprising of: - High-rise: 15 floors and above to include: - Luxury 3-bedroom apartments, each with Boys' Quarters - Exclusive penthouses with 2 or 3 Boys quarters The developer is expected to deliver an high-end architectural design and premium specifications suitable for the Old Ikoyi luxury residential market subject to feasibility studies and necessary planning approvals. Procedure Loi, company profile, project proposal and facilitators' fee's letter. Survey will be released after the submition of the above requirements.
Between Thompson Road and Glover Road, Old Ikoyi, Ikoyi, Lagos
4800 sqm
M.B.B Property & Legal Services
ADVERTISEMENT750 × 120
Premium
1
₦19,500,000,000
Residential land joint venture
3900SQM Residential Land Development Opportunity (Owner on Ground)
JV Development Opportunity -- glover road, ikoyi. Location: Glover Road, Ikoyi, Lagos. Land Size: 3,900 sqm Title: Certificate of Occupancy (C of O) An excellent Joint Venture (JV) opportunity is available in Ikoyi for a competent and reputable developer with the capacity to complete an existing approved development scheme. Key Features: - Existing approved building design - The property has already been piled for a 17-floor high-rise development - Piling works were carried out by Julius Berger - Cost incurred on the piling works will be refunded, subject to the agreed terms Requirements from Interested Developer: - Letter of Intent (LOI) - Company Profile - Agency Letter
JV development opportunity banana island, lagos ₦6.5BN land value ₦20BN+ projected GDV 1,400 SQM There are properties you can buy. And there are development opportunities that rarely come to market. This is the latter. We are representing a confidential development opportunity in Banana Island, Lagos, involving approximately 1,400 SQM of prime land with a Federal C of O and survey documentation available for review. The Development Brief The site is suitable for a carefully positioned luxury residential development, with the current concept structured around: Option a: Luxury Apartments Option B: 4 Ultra-Luxury Terraces Indicative Land Value: ₦6.5BN Projected GDV: ₦20BN+ Indicative Unit Values: ₦1BN--₦3BN+ Proposed JV: 50/50 --- subject to negotiation Facilitator's Fee: ₦650M The opportunity is being presented strictly to qualified, financially capable developers and investment principals. WHY this deal? Banana Island is not simply another Lagos residential location. It is a globally recognisable luxury address with limited development opportunities, strong hnwi demand and a buyer profile capable of supporting premium pricing. For the right development partner, the proposition is straightforward: Prime land. Prime address. Premium product. Significant development upside. Private deal room access This is not a mass-market listing. No public circulation of the full documentation. No speculative inquiries. No intermediaries witho Access to the survey, title documentation, development information and owner discussions will be provided progressively following qualification. Qualification process 01 --- Developer / Company Profile 02 --- Proof of Funds 03 --- Site Inspection 04 --- Survey & Title Review 05 --- Development Proposal 06 --- Facilitator's Fee Letter 07 --- Owner Meeting 08 --- JV Structuring & Documentation Direct developers and qualified investment principals only. If your mandate is to secure trophy development land in Lagos' premier luxury residential market, this is an opportunity worth having a private conversation about. Confidential pof required private deal n.e.w.s realty limited +234 813 714 3886 +234 813 743 9166 Secure the land. Build strategically.
Banana Island, Ikoyi, Lagos
News Realty Limited
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₦5,400,000,000
Residential land joint venture
Multiple Lands Available in Prime Areas
Joint venture @osborne 1 & 2 (1) large land in osborne 1 1,800sqm waterfront with federal CofO price 3M per sqm, shearing formula to be discus. Proposal: detached houses or terrace houses. Notice: part of the land still needs to be reclaimed as the owner suggested (2) Osborne 2: JV 5000M² dry land on royal palm drive with federal C of O price 2M/M², proposal open (3). osborne 2 JV 900M² dry land on royal palm drive with federal CofO price 2m/M², proposal open (4) osborne 2 JV 900M² dry land on royal palm drive with federal CofO price 2m/M², proposal open 10% of facilitators fee applies to all priefs I'm talking to the semi mandate and very closable
Osborne 1, Osborne, Ikoyi, Lagos
1800 sqm
Ambuiltech Project & Services Ventures LTD
Premium
₦2,000,000
Residential land joint venture
900SQM Land
bis el om 900sqm on Royal Palm Drive with Federal C of O Value: 2m/sqm Proposal: Open bis el om 5000sqm on Royal Palm Drive with Federal C of O Value: 2m/sqm Proposal: Open bis el om We need a Joint Venture land to develop in the prime, Mainland part of Lagos. If you own a piece land and wish to partner with us, kindly contact us on 09124412127
Phase 2, Osborne, Ikoyi, Lagos
Kerantol Limited
Premium
₦200,000
Residential land joint venture
5000SQM Land with Federal C of O
bis el om JV in Osborne 2 5000sqm on Royal Palm Drive with Federal C of O Value: 2m/sqm Proposal: Open bis el om 900sqm on Royal Palm Drive with Federal C of O Value: 2m/sqm Proposal: Open We need a Joint Venture land to develop in the prime, Mainland part of Lagos. If you own a piece land and wish to partner with us, kindly contact us on 09124412127
Phase 2, Osborne, Ikoyi, Lagos
5000 sqm
Kerantol Limited
Premium
1
₦3,500,000
Residential land joint venture
Land - 1, 879 Square Meters
Joint venture -- glover road, ikoyi - Survey: Available - Location: Glover Road, Ikoyi - Size: 1,878.729 sqm - Title: Lagos C of O - Premium: Nil - Land Value: Proposal-based - Mou: Subject to agreement - Development Preference: Luxury residential apartments - Owner's Benefit: 1 Penthouse + agreed apartment allocation - Contractor: Experienced developer with a proven track record - JV Structure: Flexible equity sharing based on the approved scheme and project economics.
Glover Road, Ikoyi, Lagos
Kcglobal Homes
Premium
₦4,500,000
Residential land joint venture
Land
Joint venture opportunity -- milverton road, ikoyi Location: Milverton Road, Ikoyi, Lagos Land Details: - 2 Plots of Land (A & B) - Plot a: 2,340.32 sqm - Plot B: 2,298.20 sqm Land Value: N4,500,000 per sqm Title: Lagos State C of O Premium: Nil Survey: Available upon submission of company profile mou: Available if required Owner's Development Preference: - Single Tower or Twin Tower Development - Minimum of 11 Floors and above - Preferred contractor to handle construction must be verified and experienced a rare Joint Venture opportunity in one of Ikoyi's most prestigious locations, suitable for a high-end luxury development. Interested developers/investors are welcome to engage.
Milverton Road, Ikoyi, Lagos, Old Ikoyi, Ikoyi, Lagos
Rosemond Hills Limited
Premium
₦2,520,000,000
Residential land joint venture
Bareland in a Good Location
Joint venture! Joint venture!! Joint venture!!! Location: Shell Close, Abacha Estate, Ikoyi Size: 1008sqm Proposal: Luxury flats or maisonette of 8 floors Sharing Formula: TBD Title: Lasg C of O Value: 2.5m per sqm Agency fee: 10%
Abacha Estate, Ikoyi, Lagos
Ambuiltech Project & Services Ventures LTD
Premium
₦8,100,000,000
Residential land joint venture
Bareland in a Good Location with High Returns on Investment
Glover road, Ikoyi Joint Ventures * survey: Available on Request * size: 1,878.729 sqm * title: Lagos C of O * premium: Nil * land value: #4.5m per Sqm, Proposal-based * mou: Subject to agreement fercilitators fee:- 10% of the land value. Development Preference: 10 Floors Luxury Residential Apartment
Glover Road, Ikoyi, Lagos
Ambuiltech Project & Services Ventures LTD
Showing 1–20 of 49 properties
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Area Guide
About Ikoyi, Lagos
By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.
Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.
Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.
