Mixed-use land joint venture
Land for Development Joint Venture
Land available for Development Joint Venture. Expressions of interest are invited from well-capitalised, experienced Developers for a joint venture development on a strategically located property in Victoria Island, Lagos, Nigeria. The Property: - Location: Prime area within Victoria Island, Lagos (very near Eko Atlantic City) - Land Size: Approx. 1,674.8 square metres - Title: Land Certificate - Objective: Existing structures to be demolished and land to be redeveloped into a luxury multi-flat high rise building. Proposed Commercial Structure (Indicative): - Joint Venture Agreement between Landowner and Developer. - Land to be contributed as equity by the Landowner - Developer to be responsible for design, funding, approvals, construction, and delivery of the entire project within agreed timelines. - Built flats to be allocated between Developer and Landowner on mutually agreed basis - Premium payable by Developer Preferred Developer Profile: Interested Developer should demonstrate: - Experience and track record in building Victoria Island / Ikoyi--grade developments. - Financial capacity to fund all phases of the project. - Ability to provide appropriate performance security and delivery assurances. - Technical, project management, and marketing capacity. Facilitation fee: Facilitation fee shall be payable by the Developer to the introducer/facilitator facilitating this opportunity