Mixed-use land joint venture
Eko Atlantic City, Lagos
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 developme...
More details
Added Yesterday
$18,000,000
approx. ₦24,187,326,786
Ac Valour International
08036503218