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: 3480618 | Last Updated: 14 May 2026 | Market Status: Available |
| Type: Residential Land | Total Area: 20,000 sqm |
Interesting Facts
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Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
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