Joint Venture Opportunity Of 1300sqm Of Prime Land

JV Opportunity --- Peninsula Garden Estate (Behind Blenco Supermarket), Sangotedo
1,300 sqm
Land Value ₦300M
Facilitator Fee 10%

Overview: Landowner seeks a credible development partner to joint‑venture a 1,300 sqm parcel in Peninsula Garden Estate, Sangotedo (behind Blenco Supermarket). The site sits in a high‑growth Lekki/Ajah corridor with strong residential demand and excellent marketability. Land value is stated at ₦300 million; the owner is open to development proposals and a fair sharing formula (TBD). Facilitator fee of 10% applies and is not negotiable.

Property summary

- Location: Peninsula Garden Estate --- behind Blenco Supermarket, Sangotedo (Lekki/Ajah corridor), Lagos
- Site area: 1,300 sqm (single consolidated parcel)
- Land value (owner): ₦300,000,000
- Opportunity: Joint‑Venture (land‑for‑equity / profit share or other mutually agreed structures)
- Facilitator fee: 10% of land value (non‑negotiable)
- Availability: Immediate --- owner seeks experienced, well‑funded developer partner

Why this site is attractive

- Location: Sangotedo is a fast‑growing residential node with improving infrastructure and ready buyer/tenant catchment --- proximity to Blenco Supermarket provides daily amenity pull.
- Size & scale: 1,300 sqm is ideal for a boutique low/medium‑rise residential scheme, cluster of high‑quality terraces, serviced apartments or a mixed‑use product with local retail activation.
- Speed to market: Estate infrastructure is established (roads, basic services) which shortens mobilization and reduces upfront civil works relative to greenfield land.
- Marketability: Strong local demand for family housing and investment product from middle/upper‑mid market buyers and renters in the Lekki corridor.

Suggested development concepts (examples)

- Boutique terrace cluster / gated mini‑estate (10--14 units depending on yield)
- Low‑rise apartment block (serviced apartments or mid‑market flats) with ground‑floor retail or reception
- Mixed‑use podium: convenience retail / pharmacy / café with residential units above
- Executive cluster for corporate housing or staff accommodation for nearby employers

What the owner offers

- Land contribution: 1,300 sqm to be contributed into JV for agreed land equity stake.
- Commercial flexibility: Owner open to consider land‑for‑equity, profit‑share, or structured hybrid financing proposals (detailed sharing formula to be negotiated and agreed in Heads of Terms).

What the owner seeks in a partner

- Demonstrable track record delivering residential or mixed‑use projects in Lagos (portfolio, references).
- Financial capacity: proof of funds or confirmed financing to cover development costs and mobilisation.
- Project management capability: contractor relationships, procurement expertise and capacity to deliver to quality and schedule.
- Willingness to execute a transparent JV with clear governance, milestones and escrowed payments where required.

Title & documentation

- Title & documents: Owner will provide certified land title documentation and survey to shortlisted/qualified partners (upon LOI and NDA). Buyer's solicitor to verify chain of title and encumbrances.
- Estate rules: Developer to respect estate bye‑laws and obtain necessary planning consents from the Lagos State planning authority.

Indicative commercial parameters (to be agreed)

- Land value stated: ₦300,000,000 --- to be used as the basis for land contribution valuation.
- Sharing formula: Open for negotiation --- typical structures include developer majority for capital provision (e.g., 60:40 or 70:30 developer:owner) or customised waterfall based on cost recovery and profit split.
- Facilitator fee: 10% of the land value (₦30,000,000) payable per agreed schedule --- non‑negotiable.
- Detailed financials: Developer to provide cost‑to‑complete, pro‑forma sales/let‑up model and proposed allocation of units/returns for final HoT.

Due diligence checklist (recommended)

- Solicitor title search and verification of survey and ownership.
- Site inspection and boundary verification against survey plan.
- Geotechnical/topographical survey and basic site services audit (power, water, drainage).
- Planning constraints: confirm permissible density, coverage, setbacks and parking requirements.
- Market feasibility: sales/letting comparables and pricing strategy for proposed product.
- Contractor & QS prequalification for mobilisation pricing.

Process & next steps

1. Submit LOI: Developer/Investor to send Letter of Interest with company profile, proof of funds and high‑level JV proposal.
2. NDA & data room: On acceptable LOI, parties sign NDA and owner provides certified title, survey and basic site dossier.
3. Site visit & technical assessment: Developer undertakes site surveys and prepares cost model and proposed commercial structure.
4. Heads of Terms: Negotiate and agree HoT covering sharing formula, cost recovery, developer fee, programme and facilitator fee mechanics.
5. JV Agreement & mobilisation: Legal documentation, escrow arrangements, mobilisation and construction commencement.

How to express interestPlease submit your LOI and basic credentials to the facilitator. Shortlisted parties will be contacted, provided the data room, and invited to an initial meeting and site inspection.

Contact (facilitator)The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]

Confidentiality & qualificationThis opportunity is offered to serious, qualified developers and investors only. Proof of funds and verifiable project experience will be required prior to release of detailed title documents.

NoteAll information is provided in good faith. Final commercial terms are subject to negotiation, agreement of Heads of Terms and completion of legal and technical due diligence.

Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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Ref: Daka