2,000 SQM LEKKI WATERFRONT JOINT VENTURE | ADMIRALTY WAY | ₦5.6BN LAND VALUE

A prime 2,000 sqm waterfront development site is available for a strategic Joint Venture partnership at Admiralty Way, Lekki, Lagos, one of Lagos's most sought-after locations for premium residential and mixed-use developments.

The land is ideally positioned for a high-density, high-rise luxury residential development, offering an experienced and financially capable developer the opportunity to partner with the landowner to deliver a top-tier apartment project designed for the upscale Lagos market.

Key Property Details

• Land Size: 2,000 sqm
• Location: Admiralty Way, Lekki, Lagos
• Title: Federal Certificate of Occupancy (C of O) and Lagos State Governor's Consent
• Land Value: ₦5,600,000,000
• Development Type: High-density/high-rise luxury apartment development
• Joint Venture Structure: Developer – 60% | Landowner – 40%
• Premium: ₦360,000,000
• Facilitator's Fee: 10% of the land value

Joint Venture Requirements

The landowner is seeking a proven, capable and financially credible financier/developer with demonstrated experience in delivering high-density or high-rise luxury residential projects.

The prospective development partner is expected to provide:

• Evidence of sufficient financial capacity to commence and complete the proposed development.
• Proof of availability of funds, such as a verifiable bank statement, bank guarantee, or acceptable financial instrument from the institution funding the project.
• A detailed development proposal indicating the proposed number of floors, apartment configuration, unit mix and overall development concept.
• Proposed architectural design and detailed finishing specifications.
• Development timeline and construction plan.
• Evidence of previous experience delivering comparable high-value projects.

The final number of floors, apartment types and development configuration will be determined based on the approved development scheme, feasibility assessment and relevant planning requirements.

This opportunity is suited to a serious developer/institution with the financial strength, technical expertise and track record required to execute a premium high-rise residential project in a prime Lekki location.

Important: All commercial terms, development structure, documentation and proposed sharing arrangements remain subject to satisfactory due diligence, negotiations and execution of a formal Joint Venture Agreement between the parties.