Ostia Island, Orange Island Extension 20,000 Sqm 50:50 Sharing
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Property Description
*JOINT VENTURE -- OSTIA ISLAND, ORANGE ISLAND EXTENSION 20,000 sqm 50:50 Sharing ₦1B Premium ₦20B GDV*
Prime JV opportunity in the fast-developing Orange Island extension. Build at scale in Lagos' next waterfront corridor.
*Location:* Ostia Island, by Orange Island, Lekki Phase 1 Extension
*Land Size:* 20,000 sqm
*Land Value*: ₦20Billion
*Entry Premium*: ₦1Billion
*Deal Structure:* 50:50 sharing formula
*Facilitation Fee:* 10%
*Why this is a play*:
- Location: Orange Island extension is Lagos' next high-end waterfront district, close to Lekki Phase 1
- Scale: 20,000 sqm allows for a master-planned estate, mixed-use, or high-rise development
- Terms: 50:50 sharing gives equal upside to both landowner and developer
- Entry: ₦1B premium gives access to ₦20B+ land value at a fraction of outright purchase cost
Ideal for developers with capacity to execute large-scale residential or mixed-use projects targeting high-net-worth buyers.
*Serious developers with track record and funding capacity only. LOI and company profile required.*
Odo oku
Property Details
| Property Ref: 3484456 | Last Updated: 17 May 2026 | Market Status: Available |
| Type: Residential Land | Total Area: 20,000 sqm |
Interesting Facts
Because of its proximity to popular destinations and attractions in Lagos, Ikate is a very interesting neighbourhood. It is also a popular destination for celebrities and businesses.
Leisure and Shopping
Ikate has just the right number and variety of markets and malls to make your shopping experience as easy and enjoyable as possible. Lekki Arts and Crafts Market, Pearl Market, The Lennox Mall, Blenco African Market, Itedo Market, and Elegushi Modern Market are among the markets and malls to visit.
Popular Estates
There are numerous good estates in Ikate to choose from, all of which offer its residents a peaceful living environment. Brown State Lekki Estate, Abiola Court 6 Estate, Richmond Gate Estate, SpringVille Estate, Horizon Court Estate, Haven home, Spring Bay Estate, and Vintage Park Estate are just a few examples.
Day Life
Despite being primarily a residential neighbourhood, Ikate has a good number of recreational and entertainment options. Leisure sports park, Kos Lagos, Family affairs plaza, Bambooka, Komfort Wellness Place, Hungrybelly restaurant, Stories Lounge, and Upbeat bites are some of these locations.
Read the full area guide for Ikate, Lekki, Lagos.
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