Mixed-use land joint venture
Residential land joint venture
Ostia Island, Orange Island Extension 20, 000 SQM 50:50 Sharing
About this property
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
Area guide — Lekki
Interesting Facts
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Leisure and Shopping
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Popular Estates
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.
Day Life
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Night Life
Ebony Lounge, Jesse Lounge, Club Mirage, Novato Night Club, and Elysium Night Club are all great places to hang out. You can also party at any of these beach clubs: Mood Beach Club, Wave Beach Club, and Moist Beach Club.
Schools
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos
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Disclaimer
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