Mixed-use land joint venture
Prime 2, 000SQM Waterfront Development
CWL1730 Prime 2,000sqm waterfront development "a prime 2,000sqm waterfront development opportunity is available for a strategic Joint Venture partnership with a proven and financially capable developer/investor to deliver a landmark high-density luxury residential development in one of Lagos' most prestigious locations. The opportunity is ideally suited to an experienced development partner with the technical expertise, financial capacity, and track record required to execute a premium high-rise residential project from inception to completion. Property Details Location Lekki Phase 1, Lagos Land Size 2,000 SQM Property Type Prime Waterfront Development Land Title Federal C of O & Lagos State Governor's Consent Land Value ₦5,600,000,000 Proposed Development The proposed project is envisioned as a high-density, high-rise luxury residential development comprising premium apartments designed to meet the standards of the high-end Lekki waterfront market. The final development specifications, including: Number of floors Number and configuration of apartments Apartment types and sizes Basement/parking provision Recreational and lifestyle facilities Architectural concept Construction specifications Detailed finishing schedule will be subject to the developer's feasibility study, architectural design, planning requirements, and mutual agreement between the parties. Joint Venture Structure Proposed Sharing Formula Developer: 60% Landowner: 40% The final allocation and implementation structure will be documented in a formal Joint Venture Agreement following due diligence, feasibility studies, valuation, and agreement on the development scheme. Premium ₦360,000,000 Applicable premium and payment structure to be agreed and documented between the parties. Developer Requirements The prospective development partner is expected to demonstrate: Proven track record in high-density/high-rise luxury residential development Strong financial capacity Relevant technical and construction expertise Ability to commence and complete the proposed development Established project management capability Clear development strategy and execution plan Proof of Funds The prospective partner will be required to provide satisfactory evidence of financial capacity to commence and complete the project. Acceptable evidence may include, subject to verification: Recent bank statement Bank guarantee Confirmed financing facility Institutional funding commitment Other verifiable proof of available project financing Development & Finishing Documentation The selected developer will be expected to provide detailed documentation covering the proposed development, including: Architectural concept/design Development schedule Apartment mix Construction specifications Finishing specifications Project timeline Cost estimates Funding structure Construction methodology Project delivery plan Facilitators' Fee 10% of the land value Based on the stated land value of ₦5.6 billion, the facilitators' fee is: ₦560,000,000 Payment terms and responsibility for the facilitators' fee shall be clearly defined and agreed upon in the final transaction documentation. Ideal Development Partner This opportunity is specifically targeted at a credible, proven, and financially capable developer or development institution with the capacity to deliver a landmark luxury residential project in Lekki. The strategic waterfront location, substantial 2,000sqm land size, and premium title documentation make this an exceptional opportunity for a developer seeking a significant high-end residential project in Lagos. Commercial Summary Land Size: 2,000 SQM Location: Admiralty Way, Lekki Phase 1 Title: Federal C of O & Lagos State Governor's Consent Land Value: ₦5.6 Billion Premium: ₦360 Million Proposed Sharing: Developer 60% Landowner 40% Facilitators' Fee: 10% of Land Value Target Partner: Proven Financier & Developer All terms remain subject to satisfactory due diligence, feasibility, planning approvals, legal documentation, and execution of a mutually acceptable Joint Venture Agreement." For more Information, Pricing and Private Viewings Please Contact: Ebun: 07048089358 Lilian: 09062511340 Email: [email protected] We are Social!
