Land joint venture
Premium 20,234SQM of Pristine Land for Development
Joint‑venture opportunity --- 5‑Acre Land, Wasimi Estate, Maryland, Ikeja, Lagos a rare development opportunity within a well‑established Ikeja enclave. This sizeable parcel is ideally suited for a discerning developer or investor seeking scale for a high‑quality residential or mixed‑use scheme. Property at a glance - Location: Wasimi Estate, Maryland, Ikeja, Lagos - Site area: 5.0 acres (contiguous) - Title: Certificate of Occupancy (C of O) in view --- to be confirmed during due diligence - Quoted land value: ₦10,000,000,000 (Ten Billion Naira) - Premium: To be determined (TBD) - Equity / sharing formula: To be agreed (TBD) - Facilitator's fee: 10% of land value Opportunity overview This offering presents an attractive joint‑venture proposition on a large urban parcel within one of Lagos's established corridors. The scale of the site allows for a range of high‑value programs --- including gated residential estates, mid‑to‑high‑rise apartments, or mixed‑use developments --- with potential for phased implementation to optimise returns. Key advantages - Strategic location: Benefiting from excellent connectivity within the Ikeja--Maryland axis and proximity to commercial, social and transport nodes. - Development scale: Five acres provides notable flexibility in master planning, unit mix and amenity provision, enabling strong market appeal. - Title progression: C of O is reportedly in view; prospective partners will verify title status as part of formal due diligence. - Commercial flexibility: Owner is open to negotiation on premium and equity sharing, allowing structures tailored to developer capacity and risk appetite. Recommended partnership process 1. Submission of Letter of Interest (LOI) --- provide high‑level JV proposal and indicative timelines. 2. Site inspection --- accompanied by the owner/facilitator for a detailed review. 3. Title verification & due diligence --- review of land title, estate consents, planning constraints and statutory requirements. 4. Commercial negotiation --- agree premium, equity split, development responsibilities and timelines. 5. Documentation & closing --- conclude definitive JV agreements and relevant approvals. Next steps Qualified developers and investors are invited to submit an loi outlining their proposed JV structure, funding capability and development timeline. Detailed documentation and further site information will be made available to shortlisted parties subject to confidentiality arrangements. All enquiries will be treated with discretion. Facilitator's fee of 10% of the land value applies. #princeidan
