Joint Venture Property on Gerrard Road, Ikoyi, Lagos

*jv jv jv * *land size*:- 6,326sqm zone 31, plots a and b. *location*:- it's directly on gerrard road, residential zone, ikoyi, lagos. *title*: lasg c of o *land value*#3.5m/sqm *proposal* : owner wants minimum of twin 15 floors with good car park spaces. *premium*:- nill *sharing ratio*:- tbd *facilitators' fee*:- 10% of total land value net. *the property is accessible for inspection* slvpeter...

*joint venture on gerrard, ikoyi* *land size*:- 6,326sqm zone 31, plots a and b. *location*:- it's directly on gerrard road, residential zone, ikoyi, lagos. *title*: lasg c of o *land value*#3.5m/sqm *proposal* : owner wants minimum of twin 15 floors with good car park spaces. *premium*:- nill *sharing ratio*:- 50 / 50 *facilitators' fee*:- 8% net. *the property is accessible for inspecti...

Jv jv jv land size:- 6,326sqm location:- it's directly on gerrard road, residential zone, ikoyi, lagos. title: lasg c of o land value#3.5m/sqm proposal : owner wants minimum of 15 floors with good car park spaces. premium:- nill sharing ratio:- tbd facilitators' fee:- 10% of total land value net. the property is accessible for inspection pas ...

*jv jv jv* *land size*:- 6,326sqm zone 31, plots a and b. *location*:- it's directly on gerrard road, residential zone, ikoyi, lagos. *title*: lasg c of o *land value*#3.5m/sqm *proposal* : owner wants minimum of twin 15 floors with good car park spaces. *premium*:- nill *sharing ratio*:- tbd *facilitators' fee*:- 10% of total land value net. *the property is accessible for inspection* #wo...

Joint venture development opportunity prime land on gerrard road, ikoyi 6,326 sqm direct gerrard road frontage lasg c of o title land value: ₦3.5m per sqm proposed: twin 15-floor towers --- property & proposal overview - location: plots a & b, zone 31, gerrard road (residential zone), ikoyi, lagos. - land size: 6,326 sqm. - title: lagos state government (lasg) certificate of occupancy (c of o). - land value: ₦3.5 million per sqm. - total land value: ₦22.141 billion. - owner's vision: development of a minimum of twin 15-floor residential towers with ample dedicated parking. - partnership model: joint venture (jv). sharing ratio to be determined (tbd) based on contributions. - facilitator's fee: 10% of the total land value, payable upon successful jv agreement. --- key highlights - unrivalled ikoyi address: direct frontage on gerrard road, one of the most prestigious and sought-after residential addresses in africa. - institutional-scale site: a rare, large contiguous parcel (over 6,300 sqm) in core ikoyi, suitable for a landmark, high-density project. - premium title security: a full lasg c of o is the gold standard for land ownership in lagos, ensuring maximum security for financiers and partners. - clear development directive: the landowner has a specific vision for high-rise luxury residential towers, reducing initial planning ambiguity. - ready for inspection: the property is accessible for immediate due diligence and feasibility studies. --- ️ development potential & vision this partnership is envisioned to create a premier residential landmark. the core proposal includes: - twin 15-floor luxury residential towers. - high-quality specifications: premium finishes, modern amenities, and expansive views. - significant parking provision: ample dedicated car park spaces as a key requirement from the owner. - potential: while focused on residential, the scale allows for integrated amenities (wellness spa, clubhouse, retail podium) to create a world-class vertical living community. --- location & market context - ikoyi's premier corridor: gerrard road is synonymous with luxury, privacy, and elite living, ensuring strong demand and premium pricing for units. - established infrastructure: benefits from excellent roads, reliable power in many parts, and top-tier security. - proximity to business hubs: minutes from victoria island's business district and lagos island's commercial center. - market justification: the asking land value of ₦3.5m/sqm is aligned with current 2026 valuations for prime, titled ikoyi land, especially on a major road like gerrard road. end-unit prices in new developments here regularly exceed $1,000,000. --- jv structure & financial implication - landowner's contribution: land valued at ₦22.141 billion. - developer/partner's contribution: full financing for construction, expertise, and project execution. - ownership split: to be negotiated (tbd), typically based on the agreed value of land versus the total project cost (construction, soft costs, profit). - project scale: a development of this magnitude on this site will likely have a total project cost exceeding ₦50 billion, targeting the ultra-luxury market segment. --- next steps for serious partners this is an opportunity to co-create an iconic project in the heart of ikoyi. ideal partners must have proven capability and financial capacity. submit an expression of interest including: 1. company profile & track record: detailed portfolio of completed high-rise (10+ floors) luxury residential projects. 2. proof of financial capacity: evidence of ability to fund a project of this scale. 3. initial technical proposal: preliminary thoughts on design, unit mix, and feasibility to achieve the twin-tower vision. 4. proposed jv model: a preliminary framework for the sharing ratio and partnership structure. critical due diligence first steps: - title verification: confirm the lasg c of o at the lagos state lands bureau. - comprehensive site & feasibility study: conduct topographic surveys, geotechnical investigations, and traffic impact assessments specific to a 15-floor development. - engage professional counsel: secure a top-tier real estate lawyer to structure the jv agreement. ideal partner profile: - established real estate development firm with luxury high-rise experience. - institutional investor or fund with a real estate development arm. - a consortium with strong technical and financial backing. a definitive opportunity to partner on a legacy-defining project in the most exclusive neighborhood in lag...