Joint Venture Residential Land in Estates, Lekki, Lagos
There are 66 land joint venture in Estates as of 2 Oct 2026. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
For sale or JV. Orchid road JV / sale 750 sqm in Heritage Gardens, after Bueno Vista estate, Orchid road, Lekki. Proposal for JV; 2 units of luxury fully detached or any other good option. Sharing; 50/50 Title: Governor's consent Premium: Nil For sale; 280m
Joint Venture Opportunity -- Itedo Estate, Off Freedom Way, Lekki, Lagos 669 SQM C of O & Deed of Assignment Land Value: ₦1.2M per SQM Premium & Ratification: ₦100M Sharing: 60/40 Proposed: Block of Flats Facilitator's Fee: 10% Property & JV Overview Location: Itedo Estate, off Freedom Way, Lekki, Lagos. Land Size: 669 SQM. Title: Certificate of Occupancy (C of O) & Deed of Assignment -- dual documentation for strong legal backing. Land Value: ₦1,200,000 per SQM. Total Land Value: ₦802,800,000 (≈ ₦802.8 Million). Premium & Ratification: ₦100,000,000 (payable upon JV contract signing). Proposed Development: Block of Flats (multi-storey residential). Sharing Formula: 60/40 (landowner : developer). Facilitator's Fee: 10% of land value (≈ ₦80.28 Million), payable upon JV agreement. Key Highlights Prime Lekki Location: Itedo Estate, off Freedom Way, is a well-developed residential area in Lekki, offering security, good roads, and proximity to major amenities. Strong Dual Title: C of O + Deed of Assignment provides a high level of ownership security and facilitates financing and partnerships. Clear Development Vision: The owner seeks a block of flats -- a well-defined project brief for developers. Premium & Ratification: ₦100M upfront ensures a serious, well-capitalised development partner. Favourable Sharing Ratio: 60/40 in favour of the landowner reflects the value of the titled land in a prime location. Existing Structure: The image shows an existing building on the land, which may be demolished or incorporated into the new development (to be clarified during due diligence). Development Potential a modern block of flats -- likely 3--4 storeys with a mix of 2- and 3-bedroom units. Estimated Unit Count: 8--12 flats (subject to design and density regulations). Amenities: Ground floor parking, lobby, backup power, water treatment, and 24/7 security. Target Market: Professionals, families, and investors seeking quality rental or ownership in Lekki. Location Benefits -- Itedo Estate, Off Freedom Way Secure & Serene Environment: Gated estate with controlled access and organised layout. Proximity to Key Destinations: Minutes from Admiralty Way, Lekki Phase 1, Ikoyi, and Victoria Island. Established Neighbourhood: Surrounded by quality homes, schools, and commercial outlets. High Demand: Properties in this area consistently achieve premium rents and resale values. Financial Structure Land Contribution Value: ₦802.8 Million. Premium & Ratification (Upfront): ₦100 Million -- payable to landowner upon JV contract signing. Developer's Role: Provide 100% of construction financing, project management, and sales/letting. Profit Sharing: 60% Landowner / 40% Developer -- after recovery of agreed development costs. Facilitator's Fee: 10% of land value (≈ ₦80.28 Million), typically paid from the landowner's share upon JV execution. Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the premium payment and 60/40 sharing. 2. Company Profile -- with verifiable evidence of block-of-flats or residential projects completed in Lekki, VI, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale. 4. Preliminary Concept Note -- initial design and timeline aligned with the proposed block of flats. Due Diligence: Upon signing an nda and facilitator fee agreement, the facilitator will provide the C of O, Deed of Assignment, survey, and arrange a site inspection. Clarify the status of the existing structure and its impact on the development plan. Ideal Partner Profile: A reputable real estate development firm with a proven track record in residential projects. Strong financial capacity and ability to fund construction without sole reliance on off-plan sales. Itedo Estate, Lekki -- 669 SQM, C of O + Deed, ₦100M premium, 60/40 sharing, 10% facilitator fee. Serious developers with capacity and track record only.
Off Freedom Way, Lekki, Lagos
Added today
669 sqm
Ac Valour International
Premium
₦1,900,000,000
Residential land joint venture
890 SQM Land
Joint Venture Opportunity -- Omorire Johnson, Lekki Phase 1, Lagos 890 SQM C of O Title Proposed: Luxury Block of 2/3 Bed Apartments Land Value: ₦1.9 Billion Premium: ₦100M Facilitator's Fee: 10% Property & JV Overview Location: Omorire Johnson, Lekki Phase 1, Lagos. Land Size: 890 SQM. Title: Certificate of Occupancy (C of O). Proposed Development: Owner seeks a Luxury Block of 2/3 Bedroom Apartments. Land Value: ₦1,900,000,000 (≈ ₦2.13 Million per SQM). Premium: ₦100,000,000 (payable upon JV contract signing). Facilitator's Fee: 10% of land value (₦190 Million), payable upon JV agreement. Status: Vacant, titled land ready for a partnership development. Key Highlights - Prime Lekki Phase 1 Address: Omorire Johnson is a highly desirable, serene street in the heart of Lekki Phase 1 -- offering prestige, security, and proximity to Admiralty Way and major business hubs. - Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security, bankability, and smooth partnership structuring. - Clear Development Vision: The owner has specified a luxury block of 2/3 bedroom apartments -- providing a defined starting point for architectural design and feasibility studies. - Upfront Premium: ₦100M payable at contract signing -- ensures a commitment from a serious, well-capitalized developer. - Optimal Plot Size: 890 SQM is ideal for a boutique mid-rise apartment building, maximizing unit yield without excessive complexity. Development Potential - a modern block of luxury apartments -- likely 3--4 storeys with a mix of 2- and 3-bedroom units. - Estimated Unit Count: 8--12 luxury flats (subject to design and density regulations). - Typical Amenities: Ground floor parking, lobby, backup power, water treatment, and 24/7 security. - Target Market: Professionals, expatriates, and families seeking upscale rental or ownership in Lekki Phase 1. Location Benefits -- Omorire Johnson, Lekki Phase 1 - Secure & Serene Environment: Low traffic, well-paved roads, and 24/7 security presence -- a hallmark of Lekki Phase 1. - Proximity to Key Destinations: Minutes from Admiralty Way, Ikoyi, Victoria Island, and major commercial hubs. - Established Neighbourhood: Surrounded by luxury homes, embassies, and executive residences. - High Demand: Properties in this area consistently achieve premium rents and resale values. Financial Structure - Land Contribution Value: ₦1.9 Billion. - Premium (Upfront): ₦100 Million -- payable to landowner immediately upon signing the JV contract. - Developer's Role: Provide 100% of construction financing, project management, and sales/letting. - Profit Sharing: To be negotiated (typically based on land value vs. total development cost). - Facilitator's Fee: 10% of land value (₦190 Million), typically paid from the landowner's share upon JV execution. Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the premium payment. 2. Company Profile -- with verifiable evidence of luxury apartment projects completed in Lekki, Victoria Island, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale. 4. Preliminary Concept Note -- initial design and timeline aligned with a luxury block of 2/3 bed apartments. Due Diligence: Upon signing an nda and facilitator fee agreement, the facilitator will provide the C of O, survey, and arrange a site inspection. Ideal Partner Profile - a reputable real estate development firm with a proven track record in luxury multi-unit residential projects. - Strong financial capacity and ability to fund construction without sole reliance on off-plan sales. Omorire Johnson, Lekki Phase 1 -- 890 SQM, C of O, ₦100M premium, 10% facilitator fee. Serious developers with capacity and track record only.
Omorire Johnson, Lekki Phase 1, Lekki, Lagos
890 sqm
Ac Valour International
Premium
₦320,000,000
Residential land joint venture
Residential Land
Joint venture landsize: 700SQM location: Alpha beach road, lekki lagos in a well secured estate proposal: Terraces premium: Nil facilitators fee: 10% non negotiable land value: 320M Send LoI, company profile, with details of previous projects to: Developer must show proof of funds to meet with landowner
Substantial Premium Land of 120000SQM for Development
Joint-Venture Opportunity --- Prime Landbank, Eko Akete, Lekki 120000sqm Overview a strategic joint‑venture opportunity to develop an extensive landholding of in excess of 200 plots located in Eko Akete, Lekki. The parcels are offered at an indicative value of ₦50,000,000 (Fifty Million Naira) per plot . a vendor premium of ₦100,000,000 (One Hundred Million . This opportunity is suited to experienced residential and mixed‑use developers, institutional investors, land‑bankers and consortiums seeking scale land inventory within a high‑growth corridor. The site offers scope for phased development of residential estates, gated communities, serviced housing, or mixed‑use neighbourhoods, delivering both capital appreciation and income generation. Key particulars - Location: Eko Akete - Landholding: 200+ plots (individual and bulk sale/JV options available) - Indicative price per plot: ₦50,000,000 - Title: Cfo (vendor to confirm; purchaser to verify) - Vendor premium: ₦100,000,000 (commercial premium payable as agreed) - Sale structures: Joint‑venture, phased development JV, outright acquisition (individual or bulk), or equity‑for‑development arrangements Indicative bulk valuation - Indicative headline value for 200 plots at ₦50m/plot: ₦10,000,000,000 (Ten Billion Naira). - Final bulk pricing and any volume discounts or staged payment arrangements to be negotiated. Opportunity summary & development potential - Scale and flexibility: The 200+ plot inventory enables masterplanning for large‑scale gated estates, mixed‑use neighbourhoods or phased residential/commercial roll‑out. - Product mix potential: Detached/semi‑detached homes, terraces, apartments, serviced apartments, amenity clusters (schools, retail, recreation), and estate infrastructure. - Value drivers: Strategic location (Eko Akete), proximity to transport corridors and amenities, economies of scale for infrastructure delivery, and strong demand for quality residential stock. - Yield options: Sale of finished units/serviced plots, rental income from lettable components (serviced apartments, retail), or exit via portfolio sale to institutional buyers. Suggested JV structures (examples to be refined in heads of terms) Option a --- Developer‑led Design & Build JV - Developer appointed to manage design, approvals, financing and construction. - Land contributed by vendor to JV vehicle in return for equity (vendor equity proportion to be negotiated). - Profit share, developer fee, and governance rights to be agreed; recommended inclusion of development milestones, QA mechanisms and exit provisions. Option B --- Equity/deposit for stake - Investor provides upfront equity/deposit (or phased capital injections) in return for a defined % equity stake in the project/SPV. - Vendor retains minority or management position depending on negotiated equity split and value of non‑cash contributions (title, approvals support). - Further capital calls and financing structure documented in JV agreement. Option C --- Land sale with development premium - Outright bulk acquisition at negotiated price with the vendor premium payable on completion or staged. - Suitable for developers preferring full control and ownership. Commercial terms & premium - Price per plot: ₦50,000,000 (subject to confirmation and negotiation). - Vendor premium: ₦100,000,000 --- please confirm whether this is an upfront premium, deposit, or separate consideration; proposed timing and mechanics to be agreed in heads of terms. - Transaction costs (stamp duty, registration fees, legal fees, taxes, agent commissions) excluded from headline pricing and borne as agreed in the sale/JV agreement. - All financials and commercial mechanics are indicative pending provision of title documentation, site plan and a formal pro‑forma. Title, due diligence & required documentation Prospective partners will be expected to undertake comprehensive due diligence, to include but not limited to: - Confirmation and verification of title (CFO / C of O documents) and search for encumbrances. - Certified survey plan, site layout, boundaries and plot schedule. - Land use, zoning and planning status; confirmation of permitted uses. - Environmental and geotechnical reports (as appropriate for masterplanning). - Confirmation of access, road rights‑of‑way and utility provision (water, power, drainage). - Ownership and chain‑of‑title review, including any third‑party interests. - Tax, statutory and community obligations; any relocation/compensation liabilities. - Draft heads of terms and proposed JV/shareholders' agreement for review. Why partner on this opportunity? - Large scale landbank in a single location enabling masterplanning and delivery efficiencies. - Ability to capture development margin through phased rollout or blended product mix. - Scope for strategic value creation via infrastructure investment and placemaking. - Attractive to partners seeking immediate scale and potential institutional resale options. Risks & conditions - Title verification is essential; any title irregularities or encumbrances will materially affect terms. - Planning approvals and infrastructure provision timelines may influence project cashflow and phasing. - Vendor premium, payment schedule and final price are subject to negotiation and formal contract. Next steps & process To progress, please provide: - Confirmation of interest and preferred structure (Developer‑led JV, Equity stake, or Outright purchase). - Signed nda to receive full title pack, survey plan and any available technical reports. - Proof of funds or developer credentials for qualifying discussions. - Availability for site inspection and preliminary meeting. On receipt we will supply (subject to NDA): - Copies of title documentation (CFO/C of O) and plot schedule. - Preliminary site plan and location map. - Indicative heads of terms for preferred JV route. - Available technical or planning reports (if any). Important notice All information above is indicative and subject to contract, title verification and negotiation. The vendor reserves the right to amend terms or withdraw the opportunity. Prospective partners must perform independent legal, financial and technical due diligence. Any reference to value or returns is illustrative and not guaranteed. #daka
Abijo, Lekki, Lagos
120000 sqm
The Build Centre Properties
ADVERTISEMENTResponsive
Premium
₦1,500,000,000
Residential land joint venture
1,200SQM Residential Land
Outright sale / joint venture: 1,200SQM land Alma Beach Estate, ikate, lekki ₦1.5BN asking ️ a prime 1,200sqm land available for outright sale or Joint Venture, with a proposed development of a minimum of 16 flats. Property Details: 1,200sqm Land Alma Beach Estate Suitable for Outright Sale or Joint Venture Proposed Minimum of 16 Flats C of O Premium: 10% of Value --- Negotiable Facilitator's Fee: 10% of Value Location: Alma Beach Estate, Ikate, Lekki, Lagos State Value: ₦1.5B Asking Price Proposal: Minimum of 16 Flats Sharing: TBD Premium: 10% of Value --- Negotiable Facilitator's fee: 10% of Value Kindly reach out or call for further enquiries or inspection!
Alma Beach Estate, Ikate, Lekki, Lagos
1200 sqm
Seek Gold Property and Realty
Premium
2
₦750,000,000
Residential land joint venture
800SQM Land for 12 Units of 2 Bedrooms and 2 Units of Penthouses of 4floors
Joint venture osapa london land size: 800sqm of land at a well developed Estate of Osapa London proposal: Owner 12 units of 2bedroom and 2 units of penthouses of 4floors land title: Governor consent premium : Nil land Value: ₦750m sharing ratio: 50/50 Facilitator's Fee: 10% Video available on request for viewing
Osapa, Lekki, Lagos
800 sqm
Leaders Properties Limited
Premium
2
₦2,600,000,000
Residential land joint venture
2, 000SQM Residential Land
Semi direct brief For JV ikate, lekki Size: 2,000sqm residential labd Bella Vista Estate on freedom way, Lekki Phase 1 1.3m per sqm Governor's Consent Location link: https://maps.app.goo.gl/7TVBmPWEet8poQBUA Proposal: 12 unit of premium Terraces Facilitator's fee: 10% Premium: 500m net (Not refundable) Link: I'm dealing with the mandate
Ikate, Lekki, Lagos
2000 sqm
Phoenix Rising Property Development and Services LTD
Premium
1
₦1,400,000,000
Residential land joint venture
Newly Out 4 Plots of Land
Joint venture land in oral estate. Title: Governor consent Size: 4 plots Sand feel land Sharing formula: 50/50 Proposal: open Land value: 1.4b Premium: Nil Facilitator: 10% Serious enquiries only... Idris
Oral Estate, Lekki Phase 2, Lekki, Lagos
50 Parking
2800 sqm
Best Grand Masters Realty
Premium
₦500,000,000
Residential land joint venture
654.627 SQM Exclusive Land
Joint venture project orchid road 2ND toll gate* . Land for Joint Venture at Royal Pine Estate, Orchid Road, Lagos Size : 654.627sqm Location : Royal Pine Estate, Orchid Road, Lagos Title : Global CofO Price : #500million Proposal Block of 12 flats of 2bed room apartments Available Building Plan/Drawing & Bills of Quantities Available, only need process for approval Sharing Formula TBD Premium : Nil Facilitator 10%
Royal Pine Estate, Orchid Road, Lekki Phase 2, Lekki, Lagos
5050properties
ADVERTISEMENT750 × 120
Premium
1
₦280,000,000
Residential land joint venture
Residential Land
Semi Direct Property Location: Buena Vista Estate, Orchid Road, Lekki, Lagos. In a call access Estate interlocked from the plot to the Estate gate Drawings, Soil test and other approvals in place Size: 522.842sqm Value: #280m Proposal: 2 Choice Duplexes Sharing: 50:50 Premium: Nil Facilitator Fee: 10% Bee
Buena Vista Estate Orchid Road, Lekki, Lagos
600 sqm
Flowtouch Properties
Premium
₦500,000,000
Residential land joint venture
Land Measuring 667SQM
Joint Venture Development - Canal West Estate Osapa Value: ₦500 million Size: 667 sqms Proposal: 12-units of 2-bedroom apartments Sharing: 7-units to Developer 5-units to the owner. Premium: Nil: 30m Fees: 10%
Canal West Estate, Osapa, Lekki, Lagos
667 sqm
Bourdillon Enterprises
Premium
₦5,700,000,000
Residential land joint venture
Residential Land
6400 sqm bare land Available for JV Location: Gated estate zero flood( Ikate Elegushi) lekki Premium N500m Fees : 10% Flat Land value: 5.7billion naira For more info: Call: 07080812229,08138002572 Email: [email protected]
Newly out --- joint venture opportunity Cowrie Creek Estate, Ikate a prime joint venture opportunity is now available in the highly sought-after Gari Creek, Ikate. Property Details: - Land size 800sqm - Land Value: ₦950 Million - Premium: ₦100 Million - Facilitators' Fee: 10% Net - Transaction Type: Joint Venture - Location: Cowrie Creek Estate, Ikate This is an opportunity for a credible and capable developer looking to secure a strategic property in a prime Lekki location. Serious developers and direct investors only. For further details, inspection and JV terms, kindly contact BGM Realty. Chief suni
Cowrie Creek Estate, Ikate, Lekki, Lagos
40 Parking
800 sqm
Best Grand Masters Realty
Premium
1
₦500,000,000
Residential land joint venture
Newly Out 1000SQM Residential Land
Joint Venture Property Opportunity --- ikate... Lekki foreshore joint venture opportunity -- ikate a 1,000 sqm property in ikate is available for Joint Venture. Property Value: ₦500 million Premium: No Premium Title/Document: Cfo Agency Fee: 10% Serious investors and developers are invited to indicate interest for further details and inspection. BGM Realty Your Trusted Real Estate Partner. Od
Ikate Elegushi, Lekki, Lagos
1000 Parking
1000 sqm
Best Grand Masters Realty
Premium
₦950,000,000
Residential land joint venture
Bare Land
Joint venture opportunity -- Cowrie Creek Estate, ikate Land Size: 800 SQM Land Value: ₦950,000,000 Premium: ₦100,000,000 Net Facilitator Fee: 7% For more info: : 07080812229,08138002572 Email: [email protected]
Cowrie Creek Estate, Ikate, Lekki, Lagos
800 sqm
Royal Prince Properties
Premium
₦280,000,000
Residential land joint venture
Land Measuring 523SQM
Joint venture* Location: Buena Vista Estate, Orchid Road, Lekki, Lagos. In a call access Estate interlocked from the plot to the Estate gate Drawings, Soil test and other approvals in place Size: 523sqm Value: #280m Proposal: Two semi detached duplexes (DRAWINGS available, approval gotten ,only labsca approval remaining) Sharing: 50:50 Premium: Nil Facilitator Fee: 10% Vol 25 38
Buena Vista Estate, Orchid Road, Lekki, Lagos
523 sqm
Crestforesight Homes & Properties LTD
Premium
2
₦1,500,000,000
Residential land joint venture
Residential Land
Alma Beach Estate, Ikate, Lekki. Joint Venture. 1,200 SQM. ₦1,500,000,000 Asking. Certificate of Occupancy. Minimum 16 Flats. Sharing Ratio Open to Proposal. Before You Read the Rest of This Listing, Read This: The Price Needs an Answer the Description Doesn't Give. The problem There's a category of Ikate JV land where two nearly identical parcels --- same size, same title type, same general corridor --- can carry wildly different asking prices, and the only way a developer finds out is by actually comparing them side by side instead of taking one listing's number at face value. Most JV land search happens the opposite way. A developer sees an address they recognize --- Alma Beach Estate, Ikate, oceanfront-adjacent --- reads a plausible unit count, and starts modelling a proposal before checking what an essentially identical footprint is trading for two streets over. That's how a developer ends up structuring an equity split against a land value that's double the market's going rate for the same size plot in the same neighborhood. This listing is 1,200sqm, Alma Beach Estate, Ikate. Certificate of Occupancy. ₦1,500,000,000 asking. A minimum of 16 flats requested. Before running a single unit-economics model, the honest first step is putting this number next to what else is trading on the exact same footprint in the same corridor right now. The agitation Here's what that comparison actually shows, and it's not subtle. A separate 1,200sqm JV parcel in Ikate --- the identical size, the identical Lagos C of O title, a 50/50 sharing structure and a 10% facilitator's fee --- is listed at ₦600,000,000. That works out to approximately ₦500,000 per sqm. A 1,000sqm parcel behind Pinnacle Marwa, Ikate, on Governor's Consent, is asking ₦650,000,000, or ₦650,000/sqm. A 1,192sqm corner piece at Itedo Estate off Freedom Way, Ikate, is asking ₦500,000,000 plus a ₦40,000,000 premium --- approximately ₦419,463/sqm all-in. A larger 3,512sqm parcel on Gbangbala Street, Ikate, sand-filled and fenced, is asking ₦650,000/sqm. This listing --- 1,200sqm at ₦1,500,000,000 --- works out to approximately ₦1,250,000 per sqm. Against four independently listed Ikate JV comparables clustering between ₦419,463 and ₦650,000 per sqm, that's not a modest premium. It's roughly double to triple the corridor's going rate on land of comparable or larger size. Is there a legitimate reason for that gap? Possibly. Alma Beach Estate specifically markets itself on proximity to the Ikate-Elegushi oceanfront, and a genuine beachfront or near-beachfront position inside a gated estate can command more than raw JV land elsewhere in Ikate. A 10,000sqm outright parcel at Alma Beach Estate, described as fenced and near the ocean front, sold for ₦700,000,000 total --- which on a per-sqm basis is actually far cheaper than this listing (≈₦70,000/sqm), though outright sale pricing on a much larger, likely undeveloped parcel isn't a clean apples-to-apples comparison against a 1,200sqm JV plot. What that comparison does confirm is that Alma Beach Estate itself isn't inherently a premium-priced address in every transaction type --- which makes the ₦1,250,000/sqm rate on this specific 1,200sqm JV parcel even harder to explain without a specific justification from the seller: exact plot position, direct beach frontage, or a stated reason this parcel differs materially from the ₦419,463--₦650,000/sqm Ikate comparables above. We're not resolving that question for you. A developer evaluating this deal should ask the agent directly, in writing, what specifically justifies this parcel's rate against the four comparables cited --- and should not proceed to a sharing-ratio proposal until that answer holds up. The solution 1,200 square metres, Alma Beach Estate, Ikate, Lekki. Certificate of Occupancy. ₦1,500,000,000 asking value. Minimum proposal: 16 flats. Sharing ratio open to developer proposal. Premium: 10% of value. Facilitator's fee: 10% of value. Here is what a developer should actually evaluate before proposing terms: A specific, checkable unit benchmark. Sixteen flats minimum on 1,200sqm gives a concrete density target to model --- verify feasible floor count and permitted density with Lagos State planning before committing to a sharing ratio, since the 16-unit figure needs to be tested against actual buildable floor area, not accepted as automatically achievable. Certificate of Occupancy. A recognized title instrument. Confirm it's a full C of O and not a lesser instrument like the Governor's Consent or Elegushi C of O seen on comparable Ikate parcels --- title type materially affects how this parcel should be valued against the comparables above. Alma Beach Estate, Ikate. A named estate address with genuine proximity to the Ikate-Elegushi oceanfront corridor --- a real locational asset, but one whose actual premium over generic Ikate JV land needs to be demonstrated with this specific parcel's exact position, not assumed from the estate name alone. Open sharing ratio. The owner hasn't fixed the equity split --- genuine room for a developer to structure a ratio around their real construction cost basis, provided the underlying land valuation used to anchor that ratio is itself defensible. Combined 20% transaction cost on a disputed base value. The 10% premium and 10% facilitator's fee are both calculated on the ₦1.5B asking value --- meaning if that base value is inflated relative to the corridor's actual going rate, the fees compound the overpayment rather than simply sitting on top of a fair number. Why the comparables matter more than the address here. A developer proposing a sharing ratio against an inflated land value effectively gives away more of the completed development's equity than the land is actually worth. Anchoring the negotiation to the ₦419,463--₦650,000/sqm range already trading in Ikate --- and asking the seller to justify anything above it --- protects the developer's actual return before a single foundation is poured. The call to action 1,200sqm. Alma Beach Estate, Ikate, Lekki. ₦1,500,000,000 asking --- well above the ₦419,463--₦650,000/sqm range currently trading on comparable Ikate JV parcels. C of O. Minimum 16 flats. Sharing ratio open to proposal. 10% premium, 10% facilitator's fee. The buyer for this parcel is a developer who will not accept the asking value at face value, and who will require the agent or owner to justify it directly against the four comparables cited above before structuring any sharing-ratio proposal. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask specifically: what justifies this parcel's per-sqm rate against comparable Ikate JV land currently trading at less than half this price? Serious developers only. Request the specific justification for the asking price, in writing, before proposing terms. The unit count is already set at a minimum of 16. The title is stated as C of O --- confirm that in writing before anything else. The number that actually matters isn't the asking price on this page. It's whether anyone can justify the gap between it and everything else trading two streets over. Land Type: Residential Land --- Joint Venture Size: 1,200 sqm Asking Value: ₦1,500,000,000 (≈₦1,250,000/sqm --- flagged as significantly above corridor comparables; verify justification before proceeding) Proposal Requirement: Minimum 16 flats Sharing Ratio: Open --- developer to propose Title: Certificate of Occupancy (C of O) --- confirm instrument type in writing Premium: 10% of value Facilitator's Fee: 10% of value Location: Alma Beach Estate, Ikate, Lekki, Lagos (Meadow Hall axis) NPC/Market Comparable Context (Ikate JV land): 1,200sqm, Ikate, Lagos C of O, 50/50 sharing --- ₦600,000,000 (≈₦500,000/sqm) 1,000sqm, behind Pinnacle Marwa, Ikate, Governor's Consent --- ₦650,000,000 + ₦50M premium (≈₦650,000/sqm) 1,192sqm corner piece, Itedo Estate off Freedom Way, Ikate --- ₦500,000,000 + ₦40M premium (≈₦419,463/sqm) 3,512sqm, Gbangbala St, Ikate, Governor's Consent, sand-filled --- ≈₦650,000/sqm (₦2,282,800,000) 10,000sqm, Alma Beach Estate, oceanfront, outright sale --- ₦700,000,000 (≈₦70,000/sqm) This listing: 1,200sqm, Alma Beach Estate, Ikate --- ₦1,500,000,000 (≈₦1,250,000/sqm) Posted: 31 August 2026 Listed by: Smilebay Realties Limited --- Ref: #364-931-7
Meadow Hall Axis, Ikate, Lekki, Lagos
Smilebay Realties Limited
Premium
1
₦450,000,000
Residential land joint venture
667SQM Land
Direct joint venture - canal west estate osapa value: ₦450 million size: 667 sqms proposal: 14 units of 2-bedroom apartments sharing: 8 units to Developer 6 units units to the owner. Premium: ₦30 million fees: 10% TitleGlobal CofO and deed of assignment
Canal West Estate, Osapa, Lekki, Lagos
667 sqm
Firstoptions Realtors
Showing 1–20 of 66 properties
ADVERTISEMENTResponsive
Area Guide
About Lekki, Lagos
Lekki is a city located in the eastern part of Lagos. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; however, the city's southeast which ends at around the western edge of Refuge Island, adjoins the eastern part of Ibeju-Lekki LGA.
The peninsula is approximately 70 to 80km long, with an average width of 10km. Lekki currently houses several Estates, gated residential developments, agricultural farmlands, areas allocated for a Free Trade Zone, with an airport, and a sea port under construction. The proposed land use master plan for the Lekki envisages the Peninsula as a "Blue-Green Environment City", expected to accommodate well over 3.4 million residential population and an additional non-residential population of at least 1.9 million.
There are 66 available residential land joint venture in Estates, Lekki, Lagos. You can view and filter the list of property by price, furnishing and recency.
Prices for residential land joint venture in Estates, Lekki, Lagos range from ₦750,000 to ₦216,000,000,000.