Opportunity For Jv Of 8 Terraces And 8 Apartments (project On-going)

*DIRECT DEVELOPER COMMUNICATION* (NO AGENTS NO MANDATES)

Listing title
Gorgeous JV Opportunity --- Yaba
Title: (Governor's Consent)
Size: 1,350 sqm
Project: 8 Terraces + 6 Apartments --- Construction On- going ---
Investor Requirement: ₦250M+
Facilitation: 10%

Overview
Rare, high‑potential joint‑venture (JV) opportunity in the fast‑growing Yaba precinct. A reputable developer with construction already underway seeks an additional equity partner to inject a minimum of ₦250,000,000 to complete and accelerate delivery of a mixed residential scheme comprising 8 terrace houses and 6 apartment units on a single 1,350 sqm parcel.

The site holds Governor's Consent and presents a compelling near‑term value creation opportunity in one of Lagos's most dynamic urban neighbourhoods.

Property summary

- Opportunity type: Development JV --- equity investment into an in‑progress residential project
- Land size: 1,350 sqm (single consolidated site)
- Project mix: 8 terrace houses + 6 apartment units (detailed unit mix and plans available on request)
- Current status: Construction ongoing --- partial works in place; immediate capital injection will expedite completion and sales/letting programme
- Title: Governor's Consent --- relevant title documents available for qualified parties for verification
- Minimum investor commitment: ₦250,000,000 (additional investment welcome depending on negotiated scope)
- Proposed profit sharing: 70 : 30 (as proposed) --- final split and commercial mechanics to be agreed in Heads of Terms
- Facilitator fee: 10% of agreed land value / fee basis

Why this opportunity stands out

- Prime micro‑location: Yaba --- a high‑demand node for professionals, young families, tech/startup communities and rental markets. Strong domestic demand and excellent rental prospects.
- Construction already mobilised: Partial works reduce mobilisation risk and shorten time to revenue / exit --- earlier capital deployment accelerates returns.
- Clear title position: Governor's Consent simplifies title verification and reduces transactional friction for institutional investors.
- Flexible exit strategies: Options to sell completed units, retain for rental income (long lets or serviced apartments), or hybrid sale/let --- attractive for investors with different return profiles.
- Credible development partner: Project led by an established developer with active construction and delivery experience (portfolio available to qualified investors).

Project & financial highlights (indicative)

- Minimum equity sought: ₦250M --- used to fund completion works, MEP, finishes, marketing and working capital. Final required capital may adjust following investor review of remaining scope and cost plan.
- Proposed profit allocation: 70:30 (proposed commercial split) --- parties to finalise profit share, cost recovery waterfall, developer fee and sales allocation in HoT.
- Timeline advantage: Onsite progress allows realistic near‑term completion milestones and accelerated sales/letting campaigns.
- Value uplift potential: Yaba's market dynamics and limited quality supply support premium pricing for well‑finished terraces and modern apartment stock.

What the developer offers / role

- Developer continues as technical & project manager, responsible for construction completion, quality control and sales coordination.
- Approved concept and procurement already in place; ongoing contractor engagement and site management mobilised.
- Transparent project reporting to JV partner(s) with financial model, cost to complete and sales projections presented to shortlisted investors.

What the investor / partner must provide

- Minimum equity of ₦250M (proof of funds required at LOI stage) --- larger capital contributions welcomed for expanded scale.
- Willingness to sign HoT and participate in agreed governance, reporting and decision‑making during project execution.
- Institutional or corporate investors preferred; high‑net‑worth individuals with proven development experience may be considered.

Required pre‑qualification documentation (submit with LOI)

- Formal Letter of Interest (LOI) indicating proposed investment and preliminary terms.
- Company profile and registration documents (RC, TIN) or personal ID for private investors.
- Proof of funds (bank reference, statements or investor letter) to demonstrate capacity.
- Brief track record or reference (if investor has prior development investments).
- Agreement to sign NDA (where requested) prior to receiving full project pack.

Due diligence & documents available to qualified parties
On receipt of an LOI and acceptable proof of funds (and NDA if required), the developer will provide:

- Governor's Consent and title documentation (certified copies)
- As‑built and approved concept drawings, unit floorplans and schedule of finishes
- Current construction progress reports, contractor details and cost‑to‑complete budget
- Projected sales/letting pro‑forma, suggested pricing bands and sensitivity analysis
- Site survey and relevant approvals / permits already secured

Proposed JV process & timeline

1. Submit LOI with proof of funds and company profile.
2. NDA execution (if required) and release of full project dossier.
3. Site inspection and technical review meeting with developer & contractor.
4. Negotiate Heads of Terms (HoT) covering profit split, cost recovery mechanics, governance, construction milestones and exit strategy.
5. Execute formal JV agreement, escrow arrangements and mobilise funds for immediate works.
6. Complete construction to agreed milestones and implement sales/letting strategy.

Risk mitigation & governance

- Detailed cost‑to‑complete and independent contractor checks supplied during due diligence.
- Escrowed funds or staged funding tied to agreed milestones and certified drawdowns to protect investor capital.
- Joint oversight committee / project steering committee to be established under HoT to monitor progress and approve major change orders.

Why act now

- Yaba's strong rental demand and retail/residential shortage make high‑quality product highly saleable and let‑able.
- Construction already started --- early capital injection materially accelerates cashflow and de‑risk delivery timeline.
- Limited comparable, well‑located, mid‑scale projects available in the market: this is a time‑sensitive, high‑impact JV.

Confidentiality & targeted qualification

- This opportunity is presented to serious, pre‑qualified investors and developers only. A signed NDA and proof of funds will be required before full documentation and site access are granted.

Next steps / contact
To express interest, request the project pack or schedule a site inspection, submit your LOI and proof of funds to:

Note
All figures and terms provided in this advertisement are indicative and subject to verification, negotiation and final legal documentation. Prospective partners should obtain independent legal, technical and financial advice before committing to any transaction.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.

*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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Ref: Zara