6,000 Sqm Land

JOINT VENTURE OPPORTUNITY -- EKO ATLANTIC CITY, LAGOS
6,000 SQM Two 18--20 Floor High-Rise Buildings Land Value: $3,000 per SQM
Sharing Ratio: 30% (Landowner) / 70% (Investor)

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Property Overview

- Location: Eko Atlantic City, Lagos -- Africa's most ambitious and prestigious new city development.
- Land Size: 6,000 SQM.
- Land Value: $3,000 per SQM (Total land value: $18,000,000).
- Proposed Development: Two high-rise buildings, each between 18--20 floors.
- Sharing Ratio:
- Landowner: 30%
- Investor/Developer: 70%
- Status: Prime development land in the heart of Eko Atlantic's commercial/residential core.

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Key Highlights

- World-Class Location: Eko Atlantic City is a landmark reclaimed city project, offering international-grade infrastructure, security, and global investment appeal.
- Massive Scale: 6,000 SQM allows for two substantial high-rise towers, creating iconic skyline presence.
- Developer-Friendly Terms: 70% to the investor is an exceptionally attractive split, reflecting the landowner's confidence in partnership and desire to see the project realized.
- High-Rise Approval: Proposed 18--20 floors per building aligns with Eko Atlantic's master plan for density and modern urban living.
- Clear Land Value: $3,000 per SQM positions this at Eko Atlantic's premium tier, justified by location, infrastructure, and global demand.

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️ JV Structure

Party Contribution Sharing
Landowner Land (6,000 SQM, valued at $18M) 30% of completed units/sales
Investor/Developer 100% Construction Funding 70% of completed units/sales

- Facilitator's Fee: To be advised (Facilitator Fee Letter required as part of application).

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Market Context

- Per SQM Valuation: At $3,000/SQM, this land is competitively priced within Eko Atlantic's current market range ($2,500--$4,000/SQM depending on zone and proximity to waterfront).
- Global Investment Destination: Eko Atlantic attracts international investors, diaspora Nigerians, and top-tier corporate tenants, ensuring strong demand for completed units.
- Projected GDV (Gross Development Value): Two 18--20 floor towers could yield $100M--$150M+ in sales value, depending on unit mix (luxury apartments, offices, retail) and market conditions at completion.

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️ Development Potential

Two High-Rise Buildings (18--20 Floors Each) on 6,000 SQM:

- Total Built-Up Area: Approx. 30,000--40,000 SQM (depending on design and floor plates).
- Potential Unit Mix:
- Luxury apartments (1--4 bedroom units)
- Penthouses with ocean/city views
- Commercial/office space on lower floors
- Retail/amenity podium
- Target Market: International investors, expatriates, financial services firms, luxury lifestyle buyers.

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Requirements from Prospective Investors

Interested and capable developers must submit:

1. Letter of Intent (LOI) -- Formal expression of interest and capacity.
2. Company Profile -- Track record, portfolio, and experience in high-rise/luxury developments.
3. Proposed Development Concept -- Preliminary vision for the two towers (massing, unit mix, amenities).
4. Financial Capability -- Proof of Funds (POF) or evidence of construction financing capacity.
5. Facilitator's Fee Letter -- Acknowledgment and agreement of facilitator's fee terms.

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Ideal For: Major international developers, institutional investors, and well-capitalized real estate firms with proven expertise in delivering large-scale, high-rise luxury projects.

A landmark JV opportunity in Africa's most ambitious new city---with 70% to the developer and a clear path to creating an iconic twin-tower development.