Residential land joint venture
Residential Land
Direct equity JV opportunity --- glover road, ikoyi, lagos Closeable Direct Joint Venture Opportunity We are seeking an equity partner/investor to participate in the development of a prime property on Glover Road, Ikoyi, Lagos. Property Details - Land Size: 3,932 sqm - Land Value: Estimated market value of ₦4,500,000/sqm - Title: Lagos State Certificate of Occupancy (C of O) - Premium: Nil - Planning Approval: Approved - Development Capacity: 17 Floors - Proposed Development: Luxury Block of Flats - Current Status: Piling completed - Survey: Available and will be provided - Preferred Contractor: Grade a; itb, Hightech, Kappa & D'alberto, Eko Development contractors etc Equity partnership structure We are looking for an equity partner to provide development funding for the project. The investor will contribute equity into the Joint Venture, and their ownership/equity stake will be determined proportionately based on the amount contributed relative to the total project development cost. In simple terms: Investor Contribution ÷ Total Project Cost = Investor Equity Share The investor's equity participation will be formally documented within the JV structure, with returns and ownership rights tied to the agreed equity percentage. Agency Fee: 10% This is a direct and closeable JV opportunity for investors, developers, or investment groups with the capacity to fund a high-rise residential development in Ikoyi. This is an Equity based Joint venture. Oladele