Joint Venture Site Area: 1, 600 Sqmapproval Status: Building Approvals

Invitation to Bid: Joint Venture Development Partner

Location: Asokoro, Abuja FCT

Site Area: 1,600 sqm

Approval status: building approvals in place and up to date ground rates paid

The Opportunity

A prime parcel of land in the heart of Asokoro is being offered for joint venture development.

The site sits within one of Abuja's most exclusive enclaves, flanked by embassy residences and homes of prominent government officials.

Approved building plans for three detached houses are in place, significantly de-risking the development timeline and eliminating regulatory uncertainty.

Construction Status

Foundation works are currently ongoing, meaning the project is already in motion.

A partner coming in steps into an active, progressing development rather than a ground-zero commitment.

Structure

A finance partner or active development partner arrangement is welcome.

The landowner brings the titled asset, existing building approval, an active construction site, and a prestigious address.

The partner brings capital and/or development execution.

Commercial Terms

Land premium: N300 million payable upon execution of the joint venture agreement

Facilitator's fee: 5% of the agreed deal value, payable upon closing

Target close: On or before end of business, Friday 4th July 2025

Why This Site

Asokoro commands some of the strongest residential demand and pricing in Abuja. Detached houses in this corridor are among the fastest-moving assets in the FCT, driven by a captive tenant and buyer base of diplomats, senior government officials, and corporate executives.

Three approved units on a 1,600 sqm plot, with foundation works already underway, represent a clean, low-friction development play with clear exit visibility.

Each developed unit will be independent and privately fenced .

Expression of Interest

Qualified parties should submit their expression of interest along with a brief statement of capacity and proposed deal structure.

Strict deadline applies. Only serious and financially capable principals need respond.
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