3,500 Sqm Joint Venture Bourdillon Road, Ikoyi, Lagos

Joint Venture Opportunity -- Prime Land on Bourdillon Road, Ikoyi, Lagos
3,500 SQM Lagos State C of O (Recently Renewed) Land Value: ₦3.5M per SQM Existing Design: 15 Floors, 41 Residential Units + Penthouse Brokerage Fee: 10% (Negotiable)

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Property & JV Overview

- Location: Bourdillon Road, Ikoyi, Lagos -- one of the most prestigious and sought‑after addresses in Africa.
- Land Size: 3,500 SQM.
- Title: Lagos State Certificate of Occupancy (C of O) -- recently renewed, providing strong legal security and bankability.
- Land Value: ₦3,500,000 per SQM.
- Total Land Value: ₦12,250,000,000.
- Existing Design: Architectural plans already in place for a 15‑floor development comprising 41 residential units plus a penthouse.
- JV Sharing Formula: To be negotiated based on land contribution vs. development cost.
- Brokerage Fee: 10% of land value (negotiable).
- Facilitator's Fee Agreement: Required before full disclosure.

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Key Highlights

- Iconic Bourdillon Road Address: Synonymous with ultimate luxury, privacy, and prestige -- home to Nigeria's elite, diplomats, and top corporate executives.
- Recently Renewed C of O: A significant advantage -- ensures the title is current, verified, and compliant with Lagos State land regulations.
- Existing Architectural Design: Plans already developed for a 15‑floor, 41‑unit residential tower plus a penthouse -- saves significant pre‑development time and cost.
- Substantial Development Scale: 3,500 SQM allows for a landmark high‑rise with generous amenities, parking, and landscaping.
- Clear Transaction Requirements: LOI, facilitator fee agreement, company profile, and a meeting with the developer are prerequisites -- streamlining the process for serious partners.

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️ Proposed Development -- 15 Floors, 41 Units + Penthouse

Based on the existing design:

- Total Units: 41 residential apartments + 1 penthouse.
- Typical unit mix: Likely a combination of 2‑, 3‑, and 4‑bedroom luxury apartments.
- Penthouse: A signature duplex or triplex with private terrace, pool, and panoramic views.
- Amenities: Expected to include lobby, concierge, gym, pool, spa, rooftop lounge, and multi‑level parking.
- Target Market: Ultra‑high‑net‑worth individuals, corporate tenants, expatriates, and luxury investors.

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Location Benefits -- Bourdillon Road, Ikoyi

- Unmatched Prestige: One of the most exclusive streets in Lagos, known for its security, greenery, and legacy estates.
- Proximity to Key Destinations: Minutes from Falomo, Victoria Island, Ikoyi Club, and major business hubs.
- Excellent Infrastructure: Well‑paved roads, drainage, street lighting, and 24/7 security presence.
- High Demand, Limited Supply: New luxury developments on Bourdillon are exceptionally rare -- ensuring strong pre‑sales and rental interest.

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Financial Structure

- Land Contribution Value: ₦12.25 Billion.
- Developer's Role: Provide 100% of construction financing, project management, bank guarantee (likely), and sales/letting.
- Profit Sharing: To be negotiated -- typically based on the ratio of land value to total development cost (construction + soft costs + contingency).
- Brokerage Fee: 10% of land value (₦1.225 Billion) -- negotiable, typically payable from the landowner's share upon JV execution.

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Transaction Requirements for Interested Developers

Serious developers must provide:

1. Letter of Intent (LOI) -- expressing interest and confirming understanding of the JV structure.
2. Facilitator Fee Agreement -- signed and returned before document disclosure.
3. Company Profile -- with verifiable evidence of luxury high‑rise projects (12+ floors) completed in Ikoyi, Victoria Island, or Banana Island.
4. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale (estimated construction cost ₦15B--₦25B+).
5. Meeting with Developer -- a physical or virtual meeting will be scheduled after initial documentation is reviewed.

Due Diligence:

- Upon fulfilling the above, the facilitator will provide the C of O, existing architectural designs, survey, and arrange a site inspection.

Ideal Partner Profile:

- Top‑tier real estate developer with a proven track record in ultra‑luxury high‑rises on Ikoyi or Banana Island.
- Strong financial capacity and access to construction finance.
- Ability to deliver a 15‑floor, 41‑unit plus penthouse development within a reasonable timeline.

A rare Bourdillon Road JV opportunity -- with existing designs, a renewed C of O, and a clear path to development. Only serious, experienced developers with proof of funds will be engaged.