High-rise Apartment Development Land

Property Ref : 3666326

Mixed-use land joint venture

Ikoyi, Lagos

₦4,600,000

Features

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Joint Venture opportunity involving a prime corner-piece development site along Banana Island Road, Ikoyi, Lagos.
The overall development spans approximately 4,000 sqm, with 1,900 sqm allocated for the proposed high-rise apartment development. The land is valued at approximately 4.6 million per sqm, giving an indicated value of approximately 8.74 billion for the 1,900 sqm allocation.
The development also includes 8 townhouse units currently at carcass stage, which the same developer may take on as part of the proposed development arrangement.
Development Details
Total development area: 4,000 sqm
High-rise allocation: 1,900 sqm
Land value: 4.6M per sqm
Indicative value of 1,900 sqm allocation: 8.74B
Corner piece
Proposed development: High-rise apartments
8 townhouse units at carcass stage
Existing developer may take on the townhouse development
JV Terms
Sharing ratio: To be determined
Facilitators' fee: 8%
Construction: To be undertaken by Constain West Africa or Winchester only
Serious developers and investors only. Further JV terms and documentation available upon request.

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