Residential land joint venture
Residential land joint venture
1, 500 SQM Prime Joint Venture Land for Luxury High-Rise Development at
About this property
An exceptional and rare Joint Venture (JV) opportunity is now open for a visionary developer in Nigeria's most prestigious and secure neighborhood: Banana Island, Ikoyi.
This prime parcel of land spans 1,500.23 SQM and is perfectly positioned for a luxury high-rise residential development. With the skyrocketing demand for premium apartments and maisonettes in Ikoyi, this project promises an exceptional Return on Investment (ROI) and global buyer appeal.
Proposed Development Plan
The site is highly suitable for an iconic multi-story structure. A proposed concept includes:
Floors 1--2: Ample and secured Car Parking
Floors 3--5: Block of ultra-luxury Apartments
Floors 6--7: 4 Units of premium 4-Bedroom Maisonettes
Floor 8: 2 Units of exclusive, sprawling Penthouses.
(Note: The land is open to alternative/additional design options by the developer)
Financials & JV Terms
Land Size: 1,500.23 SQM
Land Value: ₦5,000,000 per SQM
Total Land Value: ₦7,501,150,000 (Approx. ₦7.5 Billion)
Premium: Subject to discussion / negotiation
Sharing Formula: 50% / 50%
Facilitator's Fee: 10%
Why Invest in This Location?
Unmatched Prestige: Banana Island remains Africa's most elite real estate hub.
High ROI: Premium Ikoyi apartments yield some of the highest rental and resale values on the continent.
Security & Infrastructure: Top-tier estate security, constant power, and world-class drainage/road networks.
Strict Engagement Terms
️ Important Notice: This opportunity is strictly available to Direct Developers or Valid Mandates with verifiable track records. Broker networks and middlemen will not be entertained. Proof of financial and technical capacity will be required before full documentation is released.
Property details
Area guide — Ikoyi
Interesting Facts
Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reput...
Leisure and Shopping
Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lu...
Popular Estates
Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vi...
Day Life
Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like...
Night Life
Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rath...
Schools
Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their childre...
Read the full area guide for Ikoyi, Lagos
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Disclaimer
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