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Land joint venture in Ibeju Lekki, Lagos Residential Land joint venture in Ibeju Lekki, Lagos Land joint venture in Eleko, Ibeju Lekki, Lagos
Premium

Residential land joint venture

Joint Ventures Development 6, 200SQM

Eleko Expressway Ibeju Lekki Lagos, Eleko, Ibeju Lekki, Lagos
₦900,000,000
#362-646-3 17 Aug 2026 Added yesterday
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6,200 m² Plot size
Residential Property type

About this property

Joint Venture Development Brief 6,200 SQM eleko expressway We are seeking an experienced and financially capable developer for a premium residential Joint Venture on approximately 6,200 sqm of dry land with Governor's Consent, strategically located on Eleko Expressway. Development Preference The Landowner is seeking a premium, low-density residential development comprising:

  • Semi-Detached Duplexes
  • Premium Terraced Duplexes
  • Quality internal infrastructure
  • Landscaped communal spaces
  • Secure gated environment
  • Premium architectural finishes

Proposed Development Options Option 1: 16 units

  • 8 Semi-Detached Duplexes
  • 8 Premium Terraced Duplexes

Option 2: 20 units

  • 8 Semi-Detached Duplexes
  • 12 Premium Terraced Duplexes

The final unit mix is open to optimisation based on the developer's architectural and financial feasibility. Landowner's JV requirement The Landowner is seeking: ₦100,000,000 upfront cash consideration Plus Equity participation in the development The equity component structured as:

  • Defined completed units

Value of 800M Gov Consent in View Developers are invited to submit their best commercial proposal. Developer responsibilities The selected developer will be expected to provide:

  • Full development funding
  • Architectural and engineering design
  • Planning and statutory approvals
  • Construction and infrastructure
  • Project management
  • Marketing and sales
  • Estate management setup
  • Professional consultants
  • Clear development timeline
  • Transparent financial reporting

Developer submission Interested developers should provide: 1. Company profile and track record 2. Evidence of completed residential developments 3. Proposed architectural concept/unit mix 4. Development budget 5. Construction timeline 6. Projected selling prices and GDV 7. Proposed ₦100M upfront + equity structure 8. Landowner's proposed equity/units 9. Developer's expected return 10. Proposed JV structure and commercial terms 11. Evidence of financial capacity to execute the project Preferred partner Preference will be given to developers with a strong track record in premium residential development, proven financial capacity, quality construction standards and a credible sales platform. The Landowner is prioritising value creation and premium positioning over maximum unit density. Fee 10% Please Note Direct Developer or Direct Agent to Developer Owner is Ready to close Vol 24 2

Property details

Reference ID #362-646-3
Listed by Crestforesight Homes & Properties LTD
Property type Residential Land
Listing status Residential land joint venture
Plot size 6,200 m²
Built-up area 6,200 m²

Area guide — Ibeju Lekki

Lagos

Interesting Facts

The fact that Eleko is a blessed area with a lot of potential resources is one of the neighborhood's most intriguing facts. It is in a great spot, close to places with great growth plans, like the Free Trade Zone (FTZ),...

Leisure and Shopping

There is an open market in Eleko where you may purchase a variety of fresh foods, particularly fish. In addition to the Central Market, Eleko has sizable malls and shops where locals may go for their one-stop shopping wi...

Popular Estates

There are numerous estates being built in the vicinity of Eleko. Eleko is in high demand since renting or buying a property there is still reasonable, but costs are rising due to the area's rapid expansion. Amen Estate,...

Day Life

The quality of life for people living in Eleko is reportedly rising. Eleko Beach is always available to locals as one of the few places where they may relax and have fun. In addition, you may refuel during the day at a n...

Night Life

Eleko is a growing area with little to no nighttime activity. Despite this, Eleko's future seems bright because of the occasional development taking place there and nearby. A perfect location to unwind at night before go...

Schools

Eleko is still a developing area, but the locals are committed to their education. Through efficient school management, both private and public schools in the area cultivate in their students a work ethic, honesty, integ...

Read the full area guide for Ibeju Lekki, Lagos

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The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by Crestforesight Homes & Properties LTD. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.

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