Land joint venture
Banana Island, Ikoyi, Lagos
*joint venture -- banana island, ikoyi*
slvkenny
location: banana island estate, ikoyi
size: 4,570sqm waterfront land (fenced and gated)
title: federal c of o
land value: $12 million
proposal: 60 units of classic apartments
sharing formula:
- owner -- 40%
- developer -- 60%
premium: $1 million
facilitator fee: 10% (payable upon signing -- no drama)
*key notes on the jv proposal*
1. the land comes with a valid federal c of o.
2. owner wants two towers (high-rise) in the mixed-use zone -- no height restrictions.
3. preferred contractors: elalan or gcappa only (non-negotiable).
4. developer to obtain all government building approvals (none obtained yet).
5. developer must submit a written proposal after inspection, covering:
- building type
- construction cost
- sharing formula
6. proof of funds (pof) is required -- submit to the owner's email.
7. meeting with the owner follows immediately after proposal and pof submissi...
More details
$12,000,000
approx. ₦18,363,476,844
360 DEGREE PROPERTIES LTD
09137785096