Mixed-use land joint venture
Off Lekki-epe Expressway, Eleranigbe, Ibeju Lekki, Lagos
Listing titlesemi‑direct mandate --- land for joint venture (19,182.357 sqm) --- elerangbe (off lekki‑epe expressway), ibeju‑lekki land value ₦1,000,000,000 facilitator fee 10%
overviewstrategic jv opportunity in the fast‑growing ibeju‑lekki corridor: a single consolidated parcel of 19,182.357 sqm (c. 1.918 ha) at elerangbe, immediately off the lekki‑epe expressway. the owner is seeking a credible development partner for a land‑for‑equity or alternate jv structure. the site is offered on a semi‑direct mandate --- land value indicated at ₦1.0 billion and the facilitator's fee is 10%.
property summary
- location: elerangbe, off lekki‑epe expressway, ibeju‑lekki, lagos state
- size: 19,182.357 sqm (c. 1.918 hectares) --- single consolidated parcel
- land value (indicative): ₦1,000,000,000
- proposal: open --- landowner will consider jv structures (land‑for‑equity / profit share / hybrid financing) or outright sale to qualified buyers
- facilitator fee: 10% (payable as agreed in heads of terms)
- sale type: semi‑direct --- owner prefers direct engagement with experienced developers and institutional partners
why this site is attractive
- location advantage: positioned within the ibeju‑lekki growth corridor --- an area seeing major public and private infrastructure investment and industrial/residential demand.
- expressway access: immediate proximity to lekki‑epe expressway facilitates logistics, construction mobilisation and market connectivity.
- scale & flexibility: nearly 2 hectares of contiguous land provides development scale suitable for residential estate, mixed‑use, logistics yard, institutional campus or phased masterplanning.
- quick mobilisation potential: estate infrastructure in the corridor shortens lead times for greenfield delivery compared with more remote sites.
suggested development concepts (examples)
- serviced residential plots / gated terrace cluster or apartment scheme
- mixed‑use development with convenience retail and residential above
- logistics / small industrial park or cold‑chain units (subject to zoning)
- institutional campus: educational or health facility
- landbank for phased disposal to developers or investors
what the owner seeks in a partner
- proven delivery track record on lagos developments (portfolio and references required)
- financial capacity to fund pre‑development and construction phases (proof of funds / bank references)
- capability to manage approvals, contractor procurement and sales/marketing in the lekki market
- willingness to agree transparent jv governance, escrow and milestone arrangements
documentation & information (available on qualification)
- certified title documents and survey plan will be provided to qualified parties (please submit loi + proof of funds)
- basic site dossier on request (nda may be required): high‑level concept, site photos and initial constraints notes
due diligence checklist (recommended)
- legal: certified title verification, chain of ownership and solicitor's searches.
- survey: certified site survey and pegging confirmation on site.
- technical: topographic & geotechnical investigations, drainage/flood risk and site access appraisal.
- planning: confirm zoning/permitted uses and planning obligations with lagos state planning authority.
- environmental: eia screening (coastal/corridor projects may require additional checks).
- utilities: confirm proximity/availability of power, water and telecoms and estimated connection costs.
- commercial: market feasibility and sales/letting comparables to inform product mix.
indicative jv / commercial process
1. submit letter of interest (loi) including company profile, rc/tin and proof of funds.
2. sign nda (if required) and receive certified title & survey for review.
3. site inspection and preliminary technical review by shortlisted partners.
4. negotiate heads of terms (hot): sharing formula, cost recovery mechanics, developer fee, programme and facilitator fee mechanics.
5. execute jv agreement, mobilise funds, obtain approvals and commence works per agreed milestones.
how to express interest
- submit loi and basic credentials to the facilitator for immediate consideration. shortlisted parties will be contacted, provided the documentation pack and invited for a site visit.
contact (facilitator)the build centre properties ltdtel: +234 708 056 2616 +234 814 455 0891email: [email protected]
notes & disclaimers
- all figures and statements are indicative and provided in good faith. final commercial terms will be determined by negotiation and due diligence.
- facilitator fee (10%) is payable per the agreed heads of terms.
- only qualified developers and institutional partners with verifiable capacity will be advanced to receive full documentation.
ref: nn...
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₦1,000,000,000
The Build Centre Properties
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