Residential land joint venture
Attractive Cornerpiece Parcel of 1050SQM Available
Joint Venture Opportunity --- 1,050 sqm Corner Parcel, Periwinkle Lifestyle Estate, Lekki Phase 1 (C of O) Summary Attractive JV opportunity on a 1,050 sqm corner bareland within Periwinkle Lifestyle Estate, Lekki Phase 1. Title: Certificate of Occupancy (C of O). Owner seeks a strong developer proposal; sharing ratio negotiable. No land premium. Facilitator's fee: 10% net (non‑negotiable). Quick Facts - Location: Periwinkle Lifestyle Estate, Lekki Phase 1, Lagos - Site Area: 1,050 sqm --- corner parcel with dual frontage and enhanced design flexibility - Title: Certificate of Occupancy (C of O) - Land Value: ₦1,500,000 per sqm (Indicative total land value: ₦1,575,000,000) - Premium: None - Proposal: Owner will consider credible developer proposals for residential or mixed-use schemes - Sharing Ratio: Open to discussion (to be agreed based on proposal and financing structure) - Facilitator's Fee: 10% net of total land value (non-negotiable) Why this JV is compelling - Prime Lekki Phase 1 estate location with strong demand for high-quality residential and lifestyle developments. - Corner parcel advantage: improved visibility, better ventilation and stacking options, and greater architectural freedom to maximise yield. - Secure C of O title and estate-managed environment reduce land risk and enhance marketability. - No land premium simplifies commercial structuring and increases headroom for development returns. Suggested development concepts - Boutique terrace or townhouses targeting premium residential buyers. - Low-rise luxury apartments or serviced apartments (subject to estate covenants and approvals). - Small mixed-use scheme with ground-floor retail/café and residential units above. - A refined developer proposal that demonstrates market demand and return optimisation will be preferred. Developer requirements (recommended) - Proven track record of delivering quality residential developments in Lekki or comparable Lagos neighbourhoods --- provide verifiable references and completed project details. - Demonstrable proof of funds or access to construction financing sufficient to commence works promptly upon agreement. - Capability to manage project to completion with strong project management, sales and marketing plans. Owner's contributions - Titled land parcel (C of O) within Periwinkle Lifestyle Estate. - Cooperation with estate management on approvals and compliance. - Willingness to consider equitable sharing ratio based on the strength of the developer proposal. Documentation & due-diligence checklist (available/required) - Original C of O and title documents --- available for verification - Estate layout plan, covenants and any estate approvals/requirements (to be provided) - Survey plan and site coordinates --- site inspection recommended to confirm boundaries and frontage - Evidence of tax/rates receipts and estate maintenance compliance (if applicable) - Developer to submit: Loi, company profile, audited accounts/financials, proof of funds, project references and detailed project proposal (programme, budget, marketing strategy) - Legal searches at the Lands Registry and confirmation with estate management recommended Financial summary (indicative) - Stated land value: 1,050 sqm x ₦1,500,000/sqm = ₦1,575,000,000 - Facilitator's fee (10% net): ₦157,500,000 (payable as agreed and subject to contract) - Final commercial terms, sharing ratio and cashflow structure to be agreed following proposal review Procedure / Next steps 1. Submit: Loi, company profile, recent project references, proof of funds and a detailed developer proposal. 2. Preliminary screening and verification of credentials. 3. Site inspection and meeting with owner/estate representatives. 4. Negotiate and sign Heads of Terms/JV Agreement covering scope, sharing ratio, roles, timelines and payment milestones. 5. Execute detailed joint development agreement, secure any outstanding approvals, mobilise and commence works per agreed programme. Contact For expressions of interest and submission of proposals, contact: The Build Centre Properties Ltd Legal / Disclaimer Information provided by the owner/agent. Prospective JV partners must perform independent due diligence, verify title and estate requirements, and obtain professional legal and technical advice before entering any agreement. Terms are subject to contract. #ed
