Mixed-use land joint venture
1.344 Hectares
JV opportunity 1.334 hectares 20 plots opposite shoprite monastery road corridor ~4 plots from lekki--epe expressway. A strategically positioned 1.334-hectare development site within the Sangotedo growth corridor of Lekki, Lagos. The property sits opposite Shoprite Mall, on the other side of the Lekki--Epe Expressway, with access around the Monastery Road corridor. Its scale, dry-table condition and proximity to established commercial infrastructure create a compelling basis for development evaluation. The asset Location: Sangotedo, Lekki, Lagos Position: Opposite Shoprite Mall; approximately four plots from Lekki--Epe Expressway Access: Monastery Road corridor Land Area: 1.334 hectares / 20 plots Terrain: 100% dry-table land Stated Land Value: ₦2.4 Billion Equivalent: ₦120 Million per plot Title: C of O in view Documentation: Available for qualified-party due diligence proposed JV Party Interest Landowner 45% Developer 55% Facilitation Fee: ₦240 Million Basis: 10% of stated land value Development Thesis The site combines scale, accessibility and proximity to a major retail destination, making it suitable for feasibility assessment across multiple development formats. Potential uses, subject to planning, zoning and statutory approvals: Residential development Retail / commercial Mixed-use development Warehousing / logistics Investment-led development Dry-table terrain may also reduce the extent of earthworks and sand-filling typically associated with less-developed sites, subject to independent technical assessment. Value-creation indicator Land Entry Value: ₦2.4 Billion Indicative GDV: ₦10 Billion+ The stated GDV is an indicative development assumption only, not a guaranteed valuation, profit or return. Final development economics should be established through independent feasibility, planning, market, construction-cost and financial analysis. Target counterparties Established Developers Private Capital Family Offices Institutional Investors Real Estate Investment Groups The mandate is particularly suited to a counterparty with the capital, development expertise and execution capacity to undertake a sizeable Lekki development. Initial engagement Qualified counterparties should submit: Eoi - Company Profile - Proof of Funds Full documentation, title information and commercial terms will be made available to qualified parties following initial engagement and appropriate due diligence. Qualified parties only n.e.w.s realty limited Email: [email protected] [email protected] Tel: +234 813 714 3886 +234 813 743 9166
