Land joint venture
Arowojobe Street, Mende, Maryland, Lagos
Joint‑venture opportunity ---
700 sqm land, arowojobe estate (mende), maryland
lagos state c of o
land value ₦250m ---
facilitator fee 10%
overview: prime 700 sqm parcel in the established arowojobe estate, mende (maryland). the landowner invites experienced developers or investors to propose an open jv structure for a residential or mixed‑use scheme. the land is titled (lagos state c of o), valued at ₦250,000,000 and the owner requires a modest premium (₦5,000,000) to be recouped in the sharing formula. facilitator fee: 10% (payable as agreed). serious partners with demonstrable delivery capacity are invited to submit proposals.
quick facts
- location: arowojobe estate, mende --- maryland, lagos
- land area: 700 sqm (single consolidated plot)
- title: lagos state certificate of occupancy (c of o) --- certified documents available to qualified parties
- land value (owner): ₦250,000,000
- premium: ₦5,000,000 (to be recouped in sharing formula)
- facilitator fee: 10% (non‑negotiable; payable per heads of terms)
- proposal: open --- owner will consider land‑for‑equity, profit‑share, forward‑sale or other pragmatic jv structures
why this opportunity
- location: maryland / mende is an established residential and commercial corridor with consistent rental demand and good access to mainland and island business nodes.
- parcel size: 700 sqm offers scope for a luxury detached home, duplex cluster, low‑rise apartment block or small mixed‑use podium with retail/office at ground level.
- title clarity: lagos state c of o supports financing and straightforward legal transfer mechanics under a jv arrangement.
- flexible commercial terms: owner open to sensible jv proposals that maximise returns and accelerate delivery.
suggested jv structures (examples)
- land‑for‑equity: owner contributes land (valued at ₦250m) in return for an agreed equity stake in the completed development; developer funds and delivers construction.
- profit share waterfall: developer recovers capex and developer fee first; net profits split per negotiated ratio (owner's premium of ₦5m recouped from the waterfall).
- forward sale / reservation: developer completes and sells some units on behalf of the jv with remainder allocated per profit share.
- hybrid: partial upfront purchase of a portion of land + profit share on developed units.
what the owner requires from partners
- proven track record delivering residential or mixed‑use projects in lagos (portfolio and references).
- financial capacity: proof of funds or confirmed financing lines to support completion and pre‑development obligations.
- clear project plan: high‑level concept, anticipated unit mix, programme and indicative financial model.
- willingness to agree transparent governance, escrowed receipts and certified milestone payments.
documentation & information (available on qualification)
- certified lagos c of o and site survey plan will be made available to qualified parties under nda.
- basic site photos and high‑level constraints note available on request.
- detailed architectural or technical data to be provided by shortlisted partners following site inspection.
due diligence checklist (recommended)
- legal: verify c of o and chain of title with solicitor; confirm absence of encumbrances.
- technical: site inspection, topographic & geotechnical survey and mep utility audit.
- planning: check permissible coverage, setbacks and allowable storeys with lagos state planning authority.
- commercial: market comparables for sale/rent and pro‑forma financial modelling.
- costs: independent qs to prepare cost‑to‑develop and milestone drawdown schedule.
process & next steps
1. submit a concise letter of interest (loi) including company profile, evidence of funds and a high‑level jv concept.
2. on qualification, execute nda and receive certified title & survey.
3. shortlisted partners conduct site visit, technical review and submit detailed jv proposal and model.
4. negotiate heads of terms (hot) incorporating the premium recoupment and facilitator fee; proceed to formal jv agreement and mobilisation.
contact / submissionsto express interest, request the title pack or arrange a site inspection, contact:
[facilitator / agent name]the build centre properties ltdtel: +234 708 056 2616 +234 814 455 0891email: [email protected]
confidentiality & qualificationthis opportunity is for serious, pre‑qualified developers and investors only. full documentation will be released following loi, proof of funds and execution of an nda. facilitator fee (10%) applies and will be confirmed in the heads of terms.
disclaimerall information is provided in good faith and is indicative. prospective partners must undertake independent legal, technical and financial due diligence prior to commitment. final commercial terms are subject to negotiation and agreement in 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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More details
₦250,000,000
The Build Centre Properties
09028190510
