1,600SQM Oniru JV Land – 50:50 No Premium
Overview
An exclusive joint-venture development opportunity is available on Oba Yesufu Abiodun Way, Oniru, Lagos, strategically located on the same premium corridor as City of David.
The property comprises approximately 1,600 sqm of prime development land with a Certificate of Occupancy (C of O) and a stated land valuation of ₦2.6 billion.
The landowner is offering a 50:50 joint-venture structure with no premium payable by the developer, providing an attractive opportunity for an established developer to undertake a high-end residential project in one of Lagos' sought-after luxury property locations.
The proposed development is envisioned as an approximately 8–12-storey luxury residential project comprising 24–48 units, subject to final design and statutory approvals. Proposed facilities include a ground-floor lobby, podium parking, generator house and recreational deck.
Deal Structure
- Land Size: 1,600 sqm
- Title: Certificate of Occupancy (C of O)
- Land Valuation: ₦2.6 Billion
- Developer Premium: ₦0 – No Premium
- Profit Sharing: 50:50
- Facilitator's Fee: 10% – ₦260 Million
- Proposed Development: 8–12 Floors
- Estimated Units: 24–48 Luxury Residential Units
- Proposed Amenities: Lobby, Podium Parking, Generator House & Recreational Deck
This opportunity is particularly suited to an established developer with the capacity to execute a premium residential project in Oniru.
Inspection is strictly by appointment and subject to serious developer interest.
Location
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