Joint‑venture opportunity ---
19,182.357 sqm (1.918 ha) development land ---
elerangbe (off lekki‑epe expressway), ibeju‑lekki
land value
₦1.0b
facilitator fee 10%
overview: rare, large‑format jv opportunity in the fast‑appreciating ibeju‑lekki corridor. a single, consolidated parcel of 19,182.357 sqm (approx. 1.918 ha) is offered for development partnership. the owner seeks a credible developer or investor to deliver a market‑driven scheme --- proposals are open and the site is well suited to residential, mixed‑use or purpose‑built investment. land value is stated at ₦1.0 billion. facilitator fee: 10%.
quick facts
- site area: 19,182.357 sqm (c. 1.918 hectares)
- location: elerangbe --- immediately off the lekki‑epe expressway, ibeju‑lekki, lagos state
- land value (vendor): ₦1,000,000,000
- proposal: open --- landowner will consider land‑for‑equity jv, profit share, or structured sale to a qualified developer
- facilitator fee: 10% (payable as agreed in heads of terms)
- sale type: semi‑direct mandate --- owner prefers direct engagement with experienced developers / institutional partners
strategic rationale
- ibeju‑lekki remains a primary growth corridor for lagos --- sustained infrastructure investment and private sector activity underpin long‑term demand for residential and mixed‑use product.
- immediate access to lekki‑epe expressway facilitates logistics, construction mobilisation and market connectivity for both lagos island and mainland catchments.
- the parcel size offers developer scale --- efficient masterplanning, economies of construction and product diversification across price segments.
suggested development concepts (illustrative)
- masterplanned residential estate (serviced plots, terraces, townhouses or apartment clusters)
- mid‑rise apartment scheme targeting owner‑occupiers and investors
- mixed‑use podium: convenience retail, community amenities, and residential above
- institutional or specialist product (campus, healthcare, training facility) depending on partner strategy
- phased development / landbank with plot sales to offset construction costs
what the owner offers
- contributes the land into the jv as equity (no premium required unless otherwise negotiated).
- open commercial structure --- owner ready to discuss commercial sharing based on fair valuation and cost waterfall.
- will provide certified title and survey to qualified parties for review.
what the owner seeks in a partner
- proven developer or institutional investor with verifiable track record in lagos residential or mixed‑use delivery.
- financial capacity: demonstrated proof of funds or confirmed finance lines to support development execution.
- technical capability: in‑house or partnered project management, contracting and sales/marketing infrastructure.
- willingness to commit to transparent jv governance, milestone reporting and escrowed financial controls.
indicative commercial structures (examples)
- land‑for‑equity: land contributed at stated value; developer funds construction and receives agreed share of gross/net profits.
- profit share waterfall: cost recovery to developer, then profit split (examples commonly 60:40 or 65:35) --- exact split to be negotiated.
- hybrid: partial upfront purchase + profit share on development tranche.note: final sharing mechanics, cost recovery priority and facilitator fee treatment to be set in heads of terms.
due diligence & documents (available to qualified parties)
- on expression of interest and nda the owner will provide: certified title documents, certified site survey, high‑level site photos and any existing concept notes.
- recommended pre‑purchase checks by interested partners: title search, boundary verification, geotechnical and topographic surveys, environmental screening, utilities audit, planning/zoning confirmation and independent qs cost‑to‑complete.
commercial process & timeline (recommended)
1. submit loi with company profile, rc, proof of funds and brief jv proposal.
2. execute nda; receive full data pack and arrange site inspection.
3. shortlisted partners undertake technical due diligence and present detailed jv proposal and financing plan.
4. negotiate heads of terms (hot) including sharing formula, cost recovery, developer fee, milestones and facilitator fee mechanics.
5. execute formal jv agreement, mobilise funds and commence statutory approvals and construction.
pre‑qualification checklist (submit with loi)
- company profile and rc documents
- evidence of relevant completed projects (photos, references)
- proof of funds / bank reference or financing commitment letter
- high‑level proposed approach (product mix, rough timeline, expected returns)
- agreement to facilitator fee (10%) terms as part of hot
why act now
large, titled development parcels in close proximity to lekki‑epe expressway are increasingly scarce. early jv partners can benefit from lower land capital outlay, phased development flexibility and the rising demand for quality residential and mixed‑use product in the ibeju‑lekki corridor.
confidentiality & contact
this opportunity is available to serious, pre‑qualified developers and institutional investors only. full documentation will be released following loi, proof of funds and an executed nda.
to submit an loi or request the project pack, contact:the build centre properties ltd (facilitator)email: [email protected]: +234 708 056 2616 +234 814 455 0891
disclaimer: all information is provided in good faith and is indicative. prospective partners must undertake independent legal, technical and financial due diligence. final terms are subject to negotiation and agreement of formal documentation.
contact: mr. kola adesina (edba)
all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda.
serious proposals only.
*how we work*
tell us your needs (budget, location, size).
our team reviews your request and assigns a dedicated relationship manager.
we only source conflict-free land and properties with clear titles.
we conduct due diligence and arrange site visits.
viewings are by appointments only
finalize purchase, rental or lease with legal support.
*please feel free to browse our other featured properties
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