2,500 Sqm Joint Venture Opportunity -- Freedom Way, Lekki Phase 1

JOINT VENTURE OPPORTUNITY -- FREEDOM WAY, LEKKI PHASE 1
2,500 SQM Deed of Assignment 50/50 Sharing Ratio
Land Value: ₦2 Billion (₦800,000 per SQM)

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Property Overview

- Location: Freedom Way, Lekki Phase 1, Lagos -- one of the most prestigious and sought-after streets in Lekki Phase 1, offering seamless connectivity to Victoria Island, Ikoyi, and the wider Lekki corridor.
- Land Size: 2,500 SQM.
- Title: Deed of Assignment (buyer/partner to perfect to Governor's Consent).
- Land Value: ₦2,000,000,000.
- Price per SQM: ₦800,000.
- JV Structure: 50/50 profit sharing between landowner and developer.
- Status: Bare land, ready for immediate development.

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Key Highlights

- Prime Freedom Way Location: Freedom Way is a premier address in Lekki Phase 1, home to luxury residences, corporate offices, and high-end developments. Its direct link to the Lekki-Epe Expressway and proximity to Victoria Island make it a strategic choice for any development.
- Substantial Scale: 2,500 SQM offers significant flexibility for a landmark project -- rare in this built-up, high-demand location.
- Developer-Friendly Terms: 50/50 sharing with land valued at ₦800,000/SQM provides attractive economics for a well-executed project.
- Strong Title Pathway: While currently on Deed of Assignment, the path to Governor's Consent is clear -- a standard process that enhances bankability and value.
- High ROI Potential: Freedom Way's prestige and accessibility ensure strong demand for both residential and commercial developments.

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️ Development Potential

2,500 SQM on Freedom Way is ideal for:

- Luxury Apartment Block: 20--30 high-end flats across 5--6 floors.
- Terrace Duplex Cluster: 10--12 luxury terrace units.
- Mixed-Use Development: Ground-floor retail/offices + residential above (subject to approvals).
- Corporate Headquarters: Flagship office building for a multinational or financial institution.
- Boutique Hotel: 50--60 rooms with premium amenities.

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JV Structure & Market Context

Component Details
Land Contribution 2,500 SQM (valued at ₦2B)
Developer Role 100% construction funding
Sharing Ratio 50/50 of completed units/sales
Title Status Deed of Assignment -- developer to facilitate Governor's Consent
Per SQM Valuation ₦800,000

- Per SQM Benchmark: Freedom Way land with good title typically ranges from ₦750,000--₦1.1M/SQM. At ₦800,000/SQM valuation, this offers a fair entry point for a JV partnership.
- JV Appeal: 50/50 is a balanced split in this prime micro-market, incentivizing quality development while rewarding landowner contribution.
- Scarcity Factor: Parcels of this size on Freedom Way are increasingly rare -- most have been developed or subdivided.

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Next Steps for Interested Developers

1. Letter of Intent (LOI) -- Express interest and capacity.
2. Company Profile -- Demonstrate track record in luxury developments.
3. Proof of Funds -- Evidence of construction financing capability.
4. Site Inspection -- Physical viewing of the property.
5. Development Proposal -- Preliminary concept, unit mix, financial projections.
6. Meeting with Owner -- Direct negotiation and JV finalization.

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Ideal For: Established developers seeking a flagship JV opportunity on one of Lekki Phase 1's most prestigious streets; investors wanting exposure to prime Lekki real estate through a partnership model.

A clear 50/50 JV mandate on 2,500 SQM on Freedom Way, Lekki Phase 1 -- ready for serious engagement.