Joint Venture Land on Awolowo Road, Ikoyi, Lagos

*joint venture* location: ilabere road, ikoyi, lagos land size: approximately 3,800 square metres 1. *introduction* this proposal outlines a *joint venture (jv)* opportunity for the development of a premium real estate project on a strategically located 3,800 sqm parcel of land situated on ilabere road, ikoyi. the site presents significant potential for luxury residential, mixed-use, or high-end serviced apartment development. 2. *site overview* location: ilabere road, ikoyi, lagos *land size: 3,000 sqm* *title: land certificate* topography: dry and regular in shape, suitable for immediate development accessibility: easily accessible via awolowo road and close proximity to major landmarks such as falomo bridge, ikoyi club, and obalende. 3. *development potential* the area supports high-end residential or mixed-use developments, with strong market demand and excellent infrastructure. potential development concepts may include: luxury apartments or townhouses serviced apartments boutique hotel mixed-use development (residential + retail/office) 4. *proposed joint venture structure* landowner's contribution: the land (3,800 sqm at ilabere, ikoyi) developer's contribution: funding, design, construction, marketing, and project management profit sharing: to be agreed upon by both parties (typically negotiated based on development scope and cost inputs) special purpose vehicle (spv): a project company may be established to hold and manage the jv development. 5. *market advantage* prime ikoyi location with steady demand for luxury properties proximity to high-profile developments and corporate zones strong return on investment potential due to location scarcity and market value appreciation 6. *next steps* conduct joint feasibility and valuation assessment agree on development concept and structure execute a memorandum of understanding (m...

Joint venture development- ikoyi land size: 2,966 sqm status: bare land situated awolowo road southwest ikoyi , lagos land title: federal government and lagos state cofo land value: n2m per sqm proposal: the owners want luxury development of mixed used high rise apartments, 80-90% residential and 10-20% commercial expectation: a highly reputable construction company to build the property facilitators fee: 10% d...