Residential Land in Ikeja, Lagos

Prime jv opportunity --- awolowo way / allen avenue, ikeja, lagos location: awolowo way (allen avenue), ikeja, lagos state asset: raw land for residential jv land size: 2,900 sqm title: certificate of occupancy (c of o) land value: ₦2,300,000,000 asking premium: tbd (see pricing scenarios) broker fee: 10% binded by imfpa executive summary a rare joint‑venture opportunity on awolowo way / allen avenue --- one of ikeja's most sought‑after corridors for residential development. the 2,900 sqm c of o land parcel is being offered for a residential jv. the owner is open to flexible structuring: partial outright sale of 900 sqm or a straight jv on the remaining land, or a full‑parcel jv with a defined premium. this is ideal for developers, private equity/platform investors, and institutional partners seeking prime land in ikeja. key investment highlights - premium location on awolowo way / allen avenue --- high demand for residential and mixed‑use development. - clear title: certificate of occupancy (c of o). - flexible deal structuring: sale of a portion or jv on remaining/full parcel. - attractive economics: land value indexed at ₦2.3b; negotiable premium for jv. - opportunity to deliver high‑value residential units or mixed residential product targeting professionals, executives and high‑net‑worth occupiers. pricing & deal scenarios 1. partial sale + jv (owner's preferred flexibility) - owner willing to sell 900 sqm outright for ₦900,000,000. - if 900 sqm is sold, remaining 2,000 sqm will be made available for jv without a separate premium. - this creates immediate liquidity for the owner and a jv platform on 2,000 sqm. 2. full‑parcel jv (no sale) - if the 2,900 sqm is retained for jv, the owner requires a premium of ₦100,000,000 (net) to structure the jv on the full parcel. - land value remains ₦2.3b; premium to be paid per agreed jv mechanics. broker fee - standard broker fee: 10% of land value. - example calculation: 10% of ₦2,300,000,000 = ₦230,000,000. - an official imfpa breakdown for intermediaries & facilitators will be required as part of the procedure. suggested jv models - equity jv (land for equity): owner contributes land; developer provides design, approvals and construction finance. profits shared per agreed equity split. - development management jv: developer funds and manages construction; owner retains equity stake and receives developer fee plus profit share. - sale + joint development: buyer acquires 900 sqm (as proposed) and partners with owner on remaining 2,000 sqm for jv development. required documents & procedure (to commence discussions) 1. letter of intent (loi) from interested party. 2. company profile of the prospective developer/partner. 3. past project details / portfolio and references. 4. detailed jv proposal (proposed structure, capital plan, timeline, exit strategy). 5. then official imfpa breakdown for intermediaries & facilitators will be required to pre-negotiations between land owner & developer. next steps / how to proceed - submit loi and required documents listed above. - arrange a site inspection and meeting with the owner and kdl properties. - receive information pack: site plan, c of o copy, topography and preliminary survey (available on request). - negotiate jv term sheet: equity splits, premium mechanics, development timetable, approvals and exit terms. - proceed to legal and technical due diligence. note - premium for the full 2,900 sqm jv is currently stated as ₦100m (net) if the parcel is not split; owner remains open to negotiation. - broker fee acceptance (10%) is required in writing as part of the transaction process. - all figures and terms are subject to confirmation during due diligence. *how we work* tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properti...