Residential land joint venture
773SQM Land
Proposed Joint Venture Development -- Ajose Street, Maryland, Lagos --- Land Information Location: a parcel of land measuring 773 sqm at Ajose Street, Maryland, Lagos. Current Value: ₦200m. Purpose: Open --- Developer Requirements 1. Premium: Open to discussion (can be waved off, depending on how discussion goes) 2. Facilitator's Fee: A Facilitator's Fee of 10% of land value is payable by the Developer to the Facilitator at agreement execution. 3. Proof of Funds: Developer must provide documented evidence of financial capacity to fund the full construction within 24 months. Acceptable proof: bank statements, financing offers, or audited accounts. 4. Project Scope: Open to discussion However. design and quality of construction must meet Lagos State Building Control Agency (LASBCA) standards. Quality finishing (tiles, pop ceilings, standard kitchen/bathroom fittings, parking space). 5. Duration: Maximum project duration: 24 months from commencement date. 6. Sharing Formula: Upon completion, allocation of flats/units shall be shared as follows: Landowner: 40% Developer: 60% Allocation details to be set out in the formal Joint Venture Agreement. 7. Title & Approvals: Landowner guarantees valid title and assists with Governor's Consent. Developer responsible for building plan approval, permits, and environmental compliance. 8. Insurance & Risk: Developer shall insure the project against fire, building collapse, and third-party liability during construction. --- Expression of Interest Submission Interested Developers should submit the following: Company profile (CAC documents, track record of similar projects). Proof of funds. Proposed project design concept. Confirmation of acceptance of Premium, Facilitator's Fee, and Sharing Formula. abi sod by For more information visit kerantol.com NB: In case you own a property and you want to sell, lease or rent it out or do a JV very fast, you can talk to us.
