Mixed-use land joint venture
High-Rise Apartment Development JV Opportunity
Joint Venture opportunity involving a prime corner-piece development site along Banana Island Road, Ikoyi, Lagos. The overall development spans approximately 4,000 sqm, with 1,900 sqm allocated for the proposed high-rise apartment development. The land is valued at approximately ₦4.6 million per sqm, giving an indicated value of approximately ₦8.74 billion for the 1,900 sqm allocation. The development also includes 8 townhouse units currently at carcass stage, which the same developer may take on as part of the proposed development arrangement. Development Details Total development area: 4,000 sqm High-rise allocation: 1,900 sqm Land value: ₦4.6M per sqm Indicative value of 1,900 sqm allocation: ₦8.74B Corner piece Proposed development: High-rise apartments 8 townhouse units at carcass stage Existing developer may take on the townhouse development JV Terms Sharing ratio: To be determined Facilitators' fee: 8% Construction: To be undertaken by Constain West Africa or Winchester only Serious developers and investors only. Further JV terms and documentation available upon request.