Joint Venture Opportunity on Alfred Rewane Road, Ikoyi – 2,021sqm Federal C of O Land for Apartments
Overview
Prime 2,021 sqm Joint Venture development opportunity on Alfred Rewane Road, Ikoyi, Lagos, one of the most sought-after high-value residential locations in Lagos.
The property is covered by a Federal Certificate of Occupancy (Fed C of O) and is valued at ₦4.5 million per sqm, with a ₦1 billion premium. The proposed development is for a residential apartment scheme comprising maisonettes and/or flats, subject to the developer's proposal and relevant approvals.
The Joint Venture is strictly intended for an experienced developer with a proven track record in delivering comparable projects. The developer may engage a qualified contractor for construction, but evidence of the developer's financial capacity will be required.
The sharing formula is to be declared as part of the developer's proposal. Interested parties are required to submit their developer profile, development proposal, evidence of financial capability and proposed commercial terms.
Agent Chain: Mandates or semi-mandates only.
Property Details
- Property Type: Joint Venture Development Land
- Land Size: 2,021 sqm
- Location: Alfred Rewane Road, Ikoyi, Lagos
- Title: Federal Certificate of Occupancy
- Land Value: ₦4,500,000/sqm
- Estimated Land Value: ₦9,094,500,000
- Premium: ₦1,000,000,000
- Proposed Development: Apartments — Maisonettes / Flats
- Sharing Formula: To be declared in proposal
- Developer Requirement: Proven track record
- Financial Capacity: Proof required
Location
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