Mixed-use land joint venture
Land Measuring 2, 281 SQM in a Very Prime Location
Joint venture (JV) bourdillon road ikoyi, lagos terms & conditions for joint venture partnership Prospective partner: A proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments. Plot size: 2,281m2. Title: Federal Government Certificate of Occupancy. Value of the land: N4m/m2 Type of Development: High density/high-rise 10 -- 15 floors mix of 26 units of contemporary top luxury 4-bedroom maisonettes & 6 units 4/5-bedroom penthouses with modern facilities & amenities. Height: Permissible by lasg building authorities but without crowding... Architects: Paradigm/Rumis. (Developers may present their designs but if both parties disagree on the designs, it will be outsourced to Paradigm/Rumis.) Construction firm: Elalan, Cappa & D'Alberto, Al Mansour, etc. In-house builders will be considered if the standard/portfolio (in Ikoyi) matches those of the preferred grade a contractors. Sharing formula: Developer 65%/Landowner 35%. Premium: N600m (deductible from proceeds from the sale of one of landowners' maisonettes). Proof of availability of funds to start & finish the project (eg., Bank statement or guarantee or whatever the institution you plan to use). Detailed finishing documents. Facilitators' fee: 10% of land value (NET).