JV Development Opportunity – Osapa, Lagos
Overview
Direct Brief – Joint Venture Development Opportunity
A prime Joint Venture (JV) development opportunity is available at Canal West Estate, Osapa, Lagos, comprising a 667sqm parcel of land with an agreed land value of ₦450 million.
The proposed development is a contemporary residential project consisting of 14 units of well-designed 2-bedroom apartments, making the property suitable for developers seeking an opportunity to develop within a desirable and rapidly growing residential corridor of Lagos.
JV Commercial Terms
- Location: Canal West Estate, Osapa, Lagos
- Land Size: 667 sqm
- Land Value: ₦450,000,000
- Proposed Development: 14 units of 2-bedroom apartments
- Developer's Share: 8 units
- Landowner's Share: 6 units
- Premium: ₦30,000,000, negotiable, or relocation arrangement
- Facilitators' Fee: 7%
- Brief: Direct
This opportunity is particularly suited to an experienced developer looking to undertake a residential apartment project in Osapa, with a clearly defined unit-sharing structure between the landowner and developer.
Interested developers/investors are advised to conduct the necessary due diligence and verify all title, planning, development and JV documentation before commitment.
Location
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