Joint Venture Mixed-use Land in Banana Island, Ikoyi, Lagos

Waterfront jv at banana island --- joint venture* 4,420sq.m land located at the mixed zone banana island valued at ₦13.2b with lagos state c of o is available for joint venture, owners proposal is block of flats of 20 floors and above vol 7...

Joint venture *joint venture opportunity -- banana island, ikoyi* location: zone j5, banana island estate, ikoyi size: 4,570 sqm of waterfront land, fenced with gate title: federal certificate of occupancy (c of o) value: $12,000,000 ️ proposed development: 60 units of classic apartments 🧮 sharing formula: owner -- 40% developer -- 60% premium: none facilitators' fee: 10% ⸻ key notes on the jv proposal 1. the land has a valid federal c of o. 2. owner requests two towers (high-rise) in a mixed-use zone with no height restrictions. 3. preferred contractors: elalan or gcappa. 4. developer is responsible for obtaining all requisite government building approvals. (no approvals currently obtained.) 5. developer must submit a written proposal post-inspection detailing: - building type - construction cost - sharing formula 6. proof of funds (pof) to be submitted to the owner's email. 7. meeting with the owner to follow immediately after proposal and pof submission. link: talking to the mand...

*joint venture partnership* *dealing with the mandate.* *project location: bourdillon road, ikoyi, lagos *prospective partner:* proven capable financier and developer for high-density/high-rise luxury apartments *key details:* - *plot size:* 4417m² - *title:* federal government certificate of occupancy - *land value:* ₦3m/m² - *development type:* high-density/high-rise luxury apartments (40 units of 4-bedroom maisonettes & 6 units of 4/5-bedroom penthouses) *design and construction:* - *architects:* paradigm/rumis (developers may present designs, but paradigm/rumis will be engaged if designs are disputed) - *construction firm:* elalan, cappa & d'alberto, or in-house builders with similar standards - *sub-contractors:* mutually agreed upon and selected by both parties *financial terms:* - *sharing formula:* developer 65% / landowner 35% - *premium:* ₦900m (paid upfront from one of the landowner's maisonettes) - *proof of funds:* bank statement or guarantee required to start and finish the project *additional terms:* - *finishing documents:* landowners will provide detailed finishing documents for their units and common areas if not mutually agreed upon - *facilitators' fee:* 10% of land value (negotiable) *partnership opportunity:* contact us to discuss further and explore the potential of this high-end development project. vol 12...