Mixed-use land joint venture
Joint Venture Waterfront 20000SQM
Waterfront power move: 20,000 SQM lekki phase 1 extension dual carriageway frontage linking lekki foreshore to phase 1 This is Lekki's next waterfront headline. And it is 20,000 sqm of it. The Location That Commands Attention: Off Ladipo Latinwo Crescent, Lekki Phase 1 Extension. Sitting directly on the new dual carriageway connecting Lekki Foreshore to Lekki Phase 1. High visibility today, heavy traffic tomorrow. Certified survey plan in place. Clean for due diligence. The Asset: - JV Land Size: 20,000 sqm. Owner holds 30,000 sqm total - Type: Waterfront. Direct access for premium residential, hospitality, or mixed-use - Note: Part of the land requires sandfilling. Factor this into project costing and timeline - Land Value: ₦1.5M per sqm. ₦30 Billion for 20,000 sqm The JV Structure: - Sharing: 60/40. Developer 60%, Landowner 40% - Entry Premium: ₦900M non-refundable - Facilitation Fee: 10% Why This Is a Play: - Connectivity: On the dual road linking Lekki Foreshore to Phase 1. Future traffic and visibility locked in - Waterfront: Direct water access for high-end living or hospitality - Scale: 20,000 sqm allows for a master-planned estate or phased development - Docs: Certified survey plan available. Ready for serious due diligence Who Moves Next: Send developer company profile, loi, agency letter, and proof of funds. Serious developers with capacity for waterfront projects only. Inupa