Land joint venture
2700SQM Land Opportunity
Joint venture opportunity --- ILUPEJU/Palm Grove Estate a substantial development opportunity is available at Macaroni, Ilupeju Estate, Palm Grove, Lagos. The landowner is seeking proposals from qualified developers for a proposed terrace-housing project. Property Details - Location: Macaroni, Ilupeju Estate, Palm Grove, Lagos - Land size: 2,700 sqm - Indicative land value: ₦1,000,000 per sqm - Indicative total land value: ₦2,700,000,000 (₦2.7 billion) - Title: Lagos State Certificate of Occupancy (C of O) - Survey plan: Available to serious developers Proposed Development - Proposed project: 15 terrace units - Developer/investor's share: 8 units - Landowner's share: 7 units - Sharing arrangement: Subject to negotiation and final agreement - Developer proposals: Open to alternative proposals Commercial Terms - Premium: ₦100,000,000, subject to negotiation - Facilitator's fee: 8% net Submission Requirements Interested developers are requested to provide: 1. A Letter of Intent (LOI) 2. a company profile 3. a facilitator's fee letter The proposed development, sharing ratio, premium, and other commercial terms are subject to negotiation and formal agreement. Interested parties should conduct independent legal and technical due diligence and verify all property documents before proceeding.
