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Joint Venture Residential Land in Banana Island, Ikoyi, Lagos

There are 8 land joint venture in Ikoyi. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.

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2nd Avenue Estate 3rd Avenue Abacha Estate Abdullahi Adamu Estate Awolowo Road Banana Island Bourdillon Road Cooper Road Dolphin Estate Estates Gerrard Road Grenadines Skyvilla Mojisola Onikoyi Estate Osborne Foreshore Estate Osborne Phase 1 Osborne Phase 2 Queen's Drive Shoreline Estate
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1–8 of 8 properties joint venture

Premium
₦9,000,000,000

Residential land joint venture

Shovel Ready 2000SQM of Prime Land on Offer

Joint Venture Opportunity --- 2,000 sqm Prime Land on Tumble Road, Ikoyi Fed C of O (Ratified to State C of O) Summary Exclusive JV opportunity for an experienced developer: 2,000 sqm on Tumble Road, Ikoyi, with Federal C of O (ratified to State C of O). Owner seeks a developer to deliver 26 units of 2- and 3-bedroom apartments under a fixed 55:45 land-owner/developer split. No land premium. Immediate mobilisation required; Completion within 24 months. Quick Facts - Location: Tumble Road, Ikoyi, Lagos - Land Size: 2,000 sqm - Title: Federal Certificate of Occupancy --- ratification to State C of O completed - Valuation: ₦4,500,000 per sqm (Implied total land value: ₦9,000,000,000) - Premium: Nil - Proposed Scheme: 26 residential units (mix of 2- and 3-bedroom flats) --- detailed 3D design completed - Equity Split: 55% --- Land Owner (non-negotiable) / 45% --- Developer (non-negotiable) - Facilitators' Fee: 10% of total land value (indicative: ₦900,000,000) payable net as agreed - Approvals: Owner has obtained and paid for required approvals (documents available) - Required Delivery: Project to be completed within 24 months of mobilisation Why this JV is compelling - Prestigious Ikoyi address with sustained demand for high-quality residential developments and strong rental/resale values. - Substantial preparatory work already completed (approvals paid; 3D design available), materially reducing pre-construction lead time and soft costs. - Clear, attractive economics with no land premium and a definitive equity split --- allows the developer to focus capital on construction and execution. - Ideal for developers with a proven track record in premium Lagos neighbourhoods who can mobilise quickly and deliver to schedule. Developer selection criteria (mandatory) - Proven delivery of verifiable projects in Ikoyi, Victoria Island (VI) and/or Banana Island --- provide references and project evidence. - Demonstrable proof of funds or access to construction financing sufficient to commence works immediately upon signing. - Strong project management capability and capacity to complete the development within the 24-month timeframe. - Willingness to accept the stated equity split (55% land owner / 45% developer) and the facilitator fee structure. Owner's contributions (summary) - Land parcel with Fed C of O (ratified to State C of O) and all approved planning consents in place. - 3D design and approval documentation already completed and paid for. - Equity share as specified (55%). Developer's obligations (summary) - Provide construction financing and manage all construction activities to completion within 24 months. - Submit detailed project programme, construction methodology and mobilisation plan for owner approval prior to commencement. - Manage sales/marketing and handover in accordance with JV agreement or agreed terms. - Comply with all regulatory and statutory obligations throughout execution. Documents & due-diligence checklist (available/required) - Original Fed C of O and ratification documents to State C of O (available for verification) - Planning approval documents and stamped architectural/3D design files (available) - Survey plan and site coordinates; site inspection recommended to confirm boundaries - Structural and engineering drawings (to be provided) - Evidence of approvals fees paid and receipts (available) - Developer to provide: Loi, company profile, audited accounts/financials, proof of funds, project references and detailed project proposal (programme, budget, delivery milestones) - Legal searches at the Lands Registry and verification with relevant authorities (recommended) Financial summary (indicative) - Land value (2,000 sqm x ₦4,500,000/sqm): ₦9,000,000,000 - Facilitators' fee (10% of total land value): ₦900,000,000 (payable as agreed and subject to contract) Procedure / Next steps 1. Submit: Loi, company profile, detailed project proposal (including programme and financing plan) and facilitators' fee letter. 2. Preliminary screening and verification of developer credentials and proof of funds. 3. Site inspection and document verification. 4. Negotiate and conclude JV Agreement, including detailed project execution and exit/sales strategy. 5. Mobilisation and commencement immediately upon signing and evidence of funding. Only serious developers with verifiable credentials and immediate capacity to mobilise should apply. Legal / disclaimer All information provided is by the owner/agent. Prospective JV partners must conduct independent due diligence, conduct legal searches, and obtain professional advice before entering into any agreement. Terms are subject to contract. #ed/atafo

Turnbull Road, Old Ikoyi, Ikoyi, Lagos
2000 sqm
The Build Centre Properties
Premium
₦4,600,000,000

Residential land joint venture

Size-1600sqm

Old ikoyi, banana island, shoreline estates news.. Joint venture development located on adeyemi lawson, old ikoyi. Land size-1600sqm title-lagos state premium-1.4billion value-6.4billion (@4million per sqm) Proposal-detached houses, terraces or block of flats) Inalif

Adeyemi Lawson, Old Ikoyi, Old Ikoyi, Ikoyi, Lagos
Rosemond Hills Limited
Featured
₦6,500,000,000

Residential land joint venture

2, 600 SQM Joint Venture

Joint Venture Development Opportunity -- Adeleke Adedoyin, Off Kofo Abayomi Road, Ikoyi, Lagos 2,600 SQM Land Certificate Title Land Value: ₦2.5M per SQM (≈₦6.5 Billion Total) Premium: ₦300M (Slightly Negotiable) Facilitator's Fee: 10% --- Property & JV Overview - Location: Adeleke Adedoyin, Off Kofo Abayomi Road, Ikoyi, Lagos. A prime residential/commercial street in the heart of Ikoyi, close to major business hubs. - Land Size: 2,600 SQM. - Title: Land Certificate -- a recognized title requiring verification and potential upgrade to Governor's Consent for full bankability. - Land Value: ₦2,500,000 per SQM. - Total Land Value: ₦6,500,000,000 (≈ ₦6.5 Billion). - Premium: ₦300,000,000 (slightly negotiable), payable upon JV contract signing. - Proposed Development: Luxury Flats with a total of 38 units across 2 blocks: - Owner's Block (17 Units): 8 units of 2‑bedrooms, 8 units of 3‑bedrooms, 1 penthouse. - Developer's Block (21 Units): Developer's preference (flexible unit mix). - JV Sharing Formula: To be negotiated (likely based on land contribution vs. development cost). - Facilitator's Fee: 10% of land value (≈ ₦650 Million), payable upon JV agreement. - Owner's Special Request: One of the owners requires 2 units of the 2‑bedroom flats to be converted into a maisonette on the 1st & 2nd floors for his personal use. --- Key Highlights - Prime Ikoyi Address: Adeleke Adedoyin, off Kofo Abayomi, is a prestigious, low‑density residential area in the heart of Ikoyi -- close to Victoria Island, Falomo, and major commercial districts. - Large Development Scale: 2,600 SQM allows for a substantial luxury apartment complex with significant unit count (38 total) -- maximizing returns. - Clear Unit Allocation: The owner has a defined allocation (17 units), while the developer has full flexibility on the remaining 21 units -- a balanced partnership structure. - Premium Payment: ₦300M upfront at contract signing -- filters for serious, well‑capitalized developers. - High Demand Location: Ikoyi luxury apartments consistently attract high‑net‑worth individuals, expatriates, and corporate tenants -- ensuring strong sales and rental potential. --- ️ Proposed Development -- 38 Luxury Units Block Units Breakdown Owner's Block 17 8 x 2‑Bed, 8 x 3‑Bed, 1 Penthouse Developer's Block 21 Developer's preference (flexible mix) Special Request -- 2 units of 2‑Bed converted to Maisonette (1st & 2nd floor) for owner Total: 38 luxury units (apartments + maisonette + penthouse). Key Features: High‑spec finishes, parking, gym, pool, backup power, water treatment, and 24/7 security. --- Location Benefits -- Adeleke Adedoyin, Ikoyi - Prestige Address: Off Kofo Abayomi -- one of Ikoyi's most desirable streets, surrounded by luxury homes, embassies, and corporate offices. - Excellent Connectivity: Minutes from Victoria Island, Falomo Bridge, and Lagos Island. - Secure Environment: Low crime, well‑lit roads, and a mature, established neighbourhood. - High Demand: Properties in this area consistently achieve premium rents and capital appreciation. --- Financial Structure - Land Contribution Value: ₦6.5 Billion. - Premium (Upfront): ₦300 Million (slightly negotiable) -- payable to landowner upon JV contract signing. - Developer's Role: Provide 100% of construction financing, bank guarantee, project management, and sales/letting. - Profit Sharing: To be negotiated -- typically based on the ratio of land value to total development cost. - Facilitator's Fee: 10% of land value (≈ ₦650 Million), typically paid from the landowner's share upon JV execution. --- ️ Critical Note -- Land Certificate Title - a Land Certificate is a recognised title but is weaker than a C of O or Governor's Consent. - Implication: The buyer/developer will need to conduct thorough due diligence to: - Confirm authenticity at the Lagos State Lands Bureau. - Understand the lease terms and remaining tenure. - Plan for potential upgrade to Governor's Consent (cost and timeline). - This should be factored into the JV negotiation and financial modelling. --- Next Steps for Interested Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the premium and proposed unit allocation. 2. Company Profile -- with verifiable evidence of luxury apartment projects completed in Ikoyi, Victoria Island, or Banana Island. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale (estimated construction cost ₦10B--₦18B+). 4. Bank Guarantee -- ability to provide a performance guarantee as required. 5. Preliminary Concept Note -- initial design and timeline aligned with the proposed 38‑unit luxury development, including the maisonette conversion. Due Diligence: - Upon signing an nda and facilitator fee agreement, the facilitator will provide the Land Certificate, survey, and arrange a site inspection. Ideal Partner Profile: - A reputable real estate development firm with a proven track record in luxury multi‑unit residential projects in prime Lagos locations. - Strong financial capacity and ability to fund construction without sole reliance on off‑plan sales. --- Adeleke Adedoyin, Ikoyi -- 2,600 SQM, 38 luxury units, ₦300M premium, 10% facilitator fee. Serious developers with capacity and track record only.

Adeleke Adedoyin, Off Kofo Abayomi Road, Ikoyi, Lagos
2600 sqm
Ac Valour International
Joint Venture
1
₦5,000,000

Residential land joint venture

Joint Venture

Closable JV in banana island _july 2026 update!_ Land size: 12,000 SQM. ( Water FRONT) Proposal: High rise Structure: Type Premium: TBD Land value: 5M per SQM Facilitator fee: 10% Non negotiable Procedure: Loi, company's profile, facilitator fee agreement letter, Pof to BE revealed on first physical meeting. NO virtual meeting. Title: Fed C/O Note: NO developer NO business discussion. Owner is on ground and ready to deal with any serious developer *ref: FFRT/JVMCFNW.0262APS/JV2026/07*Del

Banana Island, Banana Island, Ikoyi, Lagos
12000 sqm
Alivehomes
Land Measuring 2000SQM
1
₦9,000,000,000

Residential land joint venture

Land Measuring 2000SQM

Joint venture 2000 SQM on turnble road ikoyi lagos NO premuim sharing fomula 26 units investor take 45% owner take 55% Non negotiable owner have done aproval on the 26 units of 2bed 3bedroom but if your investor is adding more units like making IT upto 40 units or depends is 50/50 net on shsring owner have done aproval paid 3D design done federal C of O ratified to state, every tging US done,,investor sign & enter site owner said 24 months to complite project proposal 26 units of 3bed & 2bed aproval done value #4.5M per SQM please note: Investor that must have hard have past project ikoyi & banana island before investor must have liquid proof of funds to enter sigth immediatly after signing agency fess 10% net phon/F

Turnble Road, Old Ikoyi, Ikoyi, Lagos
Oip Properties
₦5,000,000

Residential land joint venture

Joint Venture, 1700SQM,

Joint Venture, 1700sqm, Banana Island, No Premium, Proposal must include Detached Houses, Agency Fee 10% As

Banana Island, Ikoyi, Lagos
Best Properties
₦12,000,000,000

Residential land joint venture

2212SQM

Joint venture development opportunity prime land in banana island, ikoyi ​An exceptional premium development opportunity has just opened up in Nigeria's most exclusive neighborhood. See the key details below: Key details ​Land Size: 2,212.634 sqm ​Estimated Value: ₦12,000,000,000 (12 Billion Naira) ​Title: Certificate of Occupancy (C of O) ​Premium: Nil (No premium required) ​Sharing Formula / Proposal: Open for negotiation developer requirements & fees ​Agency/Facilitator Fees: 10% net (Not Negotiable) ​Expectations: Comprehensive project proposal, proven track record in ultra-luxury developments, and solid proof of financial capability.

Mix Zone, Banana Island, Ikoyi, Lagos
2212 sqm
Golden Homes Property
₦4,500,000

Residential land joint venture

2, 700SQM Waterfront Land

Hot joint venture in residential zone, banana island. Topography: waterfront land. ₦4.5m per sqm Land size:2,700sqm Title: Federal c of o Sharing formula:50% developer/50% owner. Proposal: Blocks of flats and Maisonettes with two penthouses Facilitator's fees:8% Premium:1 million U.S dollars . Note: owner has her drawing already and she want Elalan to build

Banana Island, Ikoyi, Lagos
Keland & Associates

Showing 1–8 of 8 properties

Area Guide

About Ikoyi, Nigeria

By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.

Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.

Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.

Read the full area guide
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There are 8 available residential land joint venture in Banana Island, Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.