Mixed-use land joint venture
Banana Island Ikoyi, Banana Island, Ikoyi, Lagos
*joint venture partnership*
*dealing with the mandate.*
*project location: bourdillon road, ikoyi, lagos
*prospective partner:* proven capable financier and developer for high-density/high-rise luxury apartments
*key details:*
- *plot size:* 4417m²
- *title:* federal government certificate of occupancy
- *land value:* ₦3m/m²
- *development type:* high-density/high-rise luxury apartments (40 units of 4-bedroom maisonettes & 6 units of 4/5-bedroom penthouses)
*design and construction:*
- *architects:* paradigm/rumis (developers may present designs, but paradigm/rumis will be engaged if designs are disputed)
- *construction firm:* elalan, cappa & d'alberto, or in-house builders with similar standards
- *sub-contractors:* mutually agreed upon and selected by both parties
*financial terms:*
- *sharing formula:* developer 65% / landowner 35%
- *premium:* ₦900m (paid upfront from one of the landowner's maisonettes)
- *proof of funds:* bank statement or guarantee required to start and finish the project
*additional terms:*
- *finishing documents:* landowners will provide detailed finishing documents for their units and common areas if not mutually agreed upon
- *facilitators' fee:* 10% of land value (negotiable)
*partnership opportunity:* contact us to discuss further and explore the potential of this high-end development project.
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₦3,000,000
Crestforesight Homes & Properties Ltd
2348060279348