JV Opportunity – Tiamiyu Savage, Victoria Island | 1,650 SQM | ₦4.5B Land Value
Overview
Prime Joint Venture development opportunity located on Tiamiyu Savage Street, Victoria Island, Lagos, comprising approximately 1,650 SQM of land with a Lagos State C of O and other relevant documentation.
The land is valued at ₦4.5 Billion, with an additional ₦300 Million premium, bringing the total deal value to ₦4.8 Billion. The proposed development is a 30-unit apartment scheme, with the owner's consideration structured around 3-bedroom apartments, with the final number and sharing formula open for negotiation.
This opportunity is strictly for direct developers with proven development experience and financial capacity. A 10% facilitator's fee of ₦450 Million net applies on the land value.
Key Details
- Location: Tiamiyu Savage, Victoria Island, Lagos
- Land Size: 1,650 SQM
- Land Value: ₦4,500,000,000
- Premium: ₦300,000,000
- Total Deal Value: ₦4,800,000,000
- Facilitator's Fee: ₦450,000,000 net (10% of land value)
- Title: C of O + Other Relevant Documents
- Proposed Development: 30 Units of Apartments
- Owner's Share: 3-Bedroom Apartments
- Sharing Formula: Open for negotiation
- Developer Requirement: Direct developer only
- Financial Capacity: Mandatory
Location
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