3,800sqm Corner-Piece JV Land on Glover Road, Ikoyi – 20-Floor Twin Towers
Overview
Prime 3,800sqm corner-piece joint venture development opportunity strategically located on Glover Road by Thompson Avenue, Old Ikoyi, Lagos.
The property is positioned within one of Ikoyi’s most sought-after high-value residential corridors, offering excellent potential for a landmark luxury development. The proposed development is a 20-floor luxury twin-tower project, subject to the necessary planning and development approvals.
The JV structure provides for 40% ownership to the Landowner and 60% to the Developer/Co-investor.
Property Details:
- Land Size: 3,800sqm
- Location: Glover Road by Thompson Avenue, Ikoyi, Lagos
- Property Type: Joint Venture Development Land
- Proposed Development: 20-Floor Luxury Twin Towers
- Land Value: ₦4,500,000 per sqm
- Title: Federal Certificate of Occupancy (Federal C of O)
- JV Sharing Ratio: 40% Landowner / 60% Developer or Co-investor
- Facilitator's Fee: 10% of land value
- Construction Partners: Landowner has received BOQs from Elalan, Cappa & D'Alberto, and Julius Berger. The selected developer is expected to work with one of these contractors.
The Glover Road/Thompson Avenue corridor is established within Ikoyi, and current property references also identify Glover Road around the Thompson Avenue junction in Ikoyi.
Location
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