Residential land joint venture
Choose a number to call
Crestforesight Homes & Properties LTD
Tap a number to start a call. Standard call rates may apply.
Choose a number to call
Crestforesight Homes & Properties LTD
Tap a number to start a call. Standard call rates may apply.
Joint Venture Development Brief 6,200 SQM eleko expressway We are seeking an experienced and financially capable developer for a premium residential Joint Venture on approximately 6,200 sqm of dry land with Governor's Consent, strategically located on Eleko Expressway. Development Preference The Landowner is seeking a premium, low-density residential development comprising:
Proposed Development Options Option 1: 16 units
Option 2: 20 units
The final unit mix is open to optimisation based on the developer's architectural and financial feasibility. Landowner's JV requirement The Landowner is seeking: ₦100,000,000 upfront cash consideration Plus Equity participation in the development The equity component structured as:
Value of 800M Gov Consent in View Developers are invited to submit their best commercial proposal. Developer responsibilities The selected developer will be expected to provide:
Developer submission Interested developers should provide: 1. Company profile and track record 2. Evidence of completed residential developments 3. Proposed architectural concept/unit mix 4. Development budget 5. Construction timeline 6. Projected selling prices and GDV 7. Proposed ₦100M upfront + equity structure 8. Landowner's proposed equity/units 9. Developer's expected return 10. Proposed JV structure and commercial terms 11. Evidence of financial capacity to execute the project Preferred partner Preference will be given to developers with a strong track record in premium residential development, proven financial capacity, quality construction standards and a credible sales platform. The Landowner is prioritising value creation and premium positioning over maximum unit density. Fee 10% Please Note Direct Developer or Direct Agent to Developer Owner is Ready to close Vol 24 2
The fact that Eleko is a blessed area with a lot of potential resources is one of the neighborhood's most intriguing facts. It is in a great spot, close to places with great growth plans, like the Free Trade Zone (FTZ),...
There is an open market in Eleko where you may purchase a variety of fresh foods, particularly fish. In addition to the Central Market, Eleko has sizable malls and shops where locals may go for their one-stop shopping wi...
There are numerous estates being built in the vicinity of Eleko. Eleko is in high demand since renting or buying a property there is still reasonable, but costs are rising due to the area's rapid expansion. Amen Estate,...
The quality of life for people living in Eleko is reportedly rising. Eleko Beach is always available to locals as one of the few places where they may relax and have fun. In addition, you may refuel during the day at a n...
Eleko is a growing area with little to no nighttime activity. Despite this, Eleko's future seems bright because of the occasional development taking place there and nearby. A perfect location to unwind at night before go...
Eleko is still a developing area, but the locals are committed to their education. Through efficient school management, both private and public schools in the area cultivate in their students a work ethic, honesty, integ...
Read the full area guide for Ibeju Lekki, Lagos
More land for joint venture in Ibeju Lekki
Commercial land joint venture
Land joint venture
Mixed-use land joint venture
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by Crestforesight Homes & Properties LTD. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Estates and areas near this property — pick one to see what's available.
