2,000 Sqm Land

DIRECT MANDATE: JOINT VENTURE OPPORTUNITY
Lekki Foreshore, Off Freedom Way, Lekki Phase 1
2,000 SQM Deed of Assignment 50/50 Sharing Ratio
Land Value: ₦1.7 Billion (₦850,000 per SQM)

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Property Overview

- Location: Lekki Foreshore Estate, off Freedom Way, Lekki Phase 1, Lagos -- a prestigious waterfront-adjacent residential enclave.
- Land Size: 2,000 SQM.
- Title: Deed of Assignment (buyer/partner to perfect to Governor's Consent).
- Land Value: ₦1,700,000,000.
- Price per SQM: ₦850,000.
- JV Structure: 50/50 profit sharing between landowner and developer.
- Status: Bare land, ready for development.

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Key Highlights

- Prime Lekki Foreshore Location: One of Lekki Phase 1's most exclusive neighborhoods, offering serene, secure living with proximity to Freedom Way, Chevron, and major Lekki arteries.
- Substantial Scale: 2,000 SQM provides significant flexibility for a landmark development -- rare in this established locale.
- Developer-Friendly Terms: 50/50 sharing with land valued at ₦850,000/SQM offers attractive economics for a well-executed project.
- Waterfront Adjacent: Proximity to the foreshore enhances property values and desirability.
- Clear JV Path: Direct mandate from landowner -- streamlined negotiation and closure.

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️ Development Potential

2,000 SQM in Lekki Foreshore is ideal for:

- Luxury Apartment Block: 15--20 high-end flats across 4--5 floors.
- Terrace Duplex Cluster: 8--10 luxury terrace units.
- Gated Mini-Estate: 5--7 detached or semi-detached villas.
- Mixed-Use Development: Retail/commercial ground floor + residential above (subject to approvals).

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JV Structure & Market Context

Component Details
Land Contribution 2,000 SQM (valued at ₦1.7B)
Developer Role 100% construction funding
Sharing Ratio 50/50 of completed units/sales
Title Status Deed of Assignment -- developer to facilitate Governor's Consent

- Per SQM Benchmark: Lekki Foreshore land with good title typically ranges from ₦800,000--₦1.1M/SQM. At ₦850,000/SQM valuation, this offers a fair entry point.
- JV Appeal: 50/50 is a balanced split in this micro-market, incentivizing quality development while rewarding landowner contribution.

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Next Steps for Interested Developers

1. Letter of Intent (LOI) -- Express interest and capacity.
2. Company Profile -- Demonstrate track record in luxury developments.
3. Proof of Funds -- Evidence of construction financing capability.
4. Site Inspection -- Physical viewing of the property.
5. Proposal -- Preliminary development concept and financial projections.
6. Meeting with Owner -- Direct negotiation and JV finalization.

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Ideal For: Established developers seeking a sizable, well-located JV opportunity in Lekki Phase 1's most desirable residential enclave.

A clear 50/50 JV mandate on 2,000 SQM in Lekki Foreshore -- ready for serious engagement.