Off Ahmadu Bello Way, Kado, Abuja
₦6,000,000,000
| Property Ref: 3159831 | Added On: 21 Oct 2025 | Last Updated: 02 Nov 2025 |
| Market Status: Available | Type: Land |
JOINT VENTURE- WATCH VIDEO ABOVE
NO LOI*** NO INSPECTION***
HighValue Joint Venture Opportunity ---
1.6 Ha (Plot 523) Kado District, Off Ahmadu Bello Way
FCDA C of O ---
60:40 LandforDevelopment (MixedUse)
Location & map
- Google pin: https://maps.app.goo.gl/AnopNPzkyvcB57VD7
- Landmark: Behind NAF Conference Centre & Suites; directly opposite Lake Greenfield Hotel & Tower, Celina Ayom Crescent, off Ahmadu Bello Way --- prime Kado district location with strong institutional, hospitality and residential neighbours.
Opportunity snapshot
- Asset: 1.6 hectares (Plot No: 523) --- contiguous development parcel.
- Land title: Federal Capital Development Authority Certificate of Occupancy (FCDA C of O) --- bankable title.
- Approved envelope: Owner holds approval for 12 suspended floors (subject to confirmation by developer due diligence).
- Proposed structure: Landforequity Joint Venture --- suggested commercial split 60% Developer : 40% Landowner.
- Premium: Nil (no upfront land premium requested).
- Facilitator fee: 10%
- Use: Mixeduse development (commercial, residential, hospitality or hybrid schemes).
- Buyer prequalification: Proof of Funds (POF) of 6,000,000,000 required to proceed to inspection and detailed meetings.
Why this JV is compelling
- Strategic Kado location: immediate proximity to major institutional anchors, premium hotels and established residential nodes --- strong demand drivers for mixeduse, branded residential and hospitality product.
- Large, contiguous site with approved highrise envelope (12 suspended floors) --- enables highdensity, highvalue development and attractive economies of scale.
- Landforequity structure with no premium reduces developer upfront land acquisition cost and improves project IRR.
- FCDA C of O: clear, transferable title that facilitates lender and investor due diligence and potential financing.
- Fast track potential: owner's approvals and willingness to JV can materially shorten predevelopment times for a credible developer.
Owner's highlevel brief / development expectation
- Project type: Mixeduse --- developer invited to propose optimal product mix (e.g., Grade A offices, residential towers, serviced apartments, hotel component, retail podium, leisure).
- Quality: Marketleading finishes, appropriate parking, robust infrastructure, green/open spaces and professional estate management.
- Infrastructure & approvals: Developer to lead final design, statutory submissions (if required), financing, construction and sales/letting program. Owner will provide land equity and support access to existing approvals.
Preferred commercial mechanics (indicative)
- Land contribution: Owner provides land as equity (no premium).
- Developer contribution: finances design, approvals, infrastructure, construction and operations.
- Equity split: 60% Developer : 40% Owner (starting point --- negotiable against demonstrated financing, guarantors or accelerated delivery proposals).
- Cost recovery: developer to recover development costs from sales/rents per agreed waterfall before profit split; specifics to be defined in Heads of Terms.
- Transfer/handover: owner's and developer's entitlements to be defined (units, cash proceeds or hybrid allocation).
Key commercial & technical points to agree
- Detailed equity split and allocation mechanics (units vs cash).
- Cost recovery priority and developer fee.
- Construction programme, milestones and retention.
- Sales & marketing responsibilities and offtake strategy.
- Permits, taxes, utility provision and statutory compliance responsibilities.
- Performance guarantees, completion bonds and defects liabilities.
- Dispute resolution and exit provisions.
Developer prequalification requirements
- LOI addressed to the landowner expressing JV interest and acknowledging 60:40 framework.
- Company profile, RC and TIN.
- Evidence of financial capacity: audited accounts, bank reference or proof of funds (POF of 6bn to enable inspection).
- Development track record: portfolio of at least 2 comparable large urban mixeduse or highrise projects (photos, locations, client references).
- Project delivery capability: lead contractor/partners, consultants and property management capability.
Due diligence & documentation available (on shortlist/NDA)
- FCDA C of O and title pack (chain of title, allocation papers).
- Survey plan, site layout and any existing planning approvals (including the noted 12 suspended floor approval).
- Topographical and highlevel utility connection notes (where available).
- Owner can provide site photos and a preliminary data pack after NDA.
Site inspection & process (owner's required steps)
1. Inspection: site visit and inspection (POF of 6bn required prior to inspection scheduling).
2. LOI: submit Letter of Interest with credentials and proposed JV approach.
3. Meeting: shortlisted developers meet owner to review documentation, approvals and agree Heads of Terms.
4. NDA & data room: sign NDA to receive full documentation and technical packs.
5. Heads of Terms & due diligence: negotiate HoT/MoU and undertake legal, technical and financial due diligence.
6. Definitive JV Agreement: execute JV agreement, mobilise financing and commence predevelopment works.
Next steps / how to apply
- Submit: LOI + company profile + proof of funds (POF of 6bn) to request site inspection and meeting.
- NDA: sign NDA to access full documentation and planning approvals.
- Shortlisted developers will be invited for an onsite meeting with the owner to finalise commercial terms.
Confidentiality & note
- This opportunity is targeted to experienced, financially capable developers only. All enquiries will be treated confidentially; the owner reserves the right to shortlist and prioritise credible developer proposals. Facilitator fee of 10% is noted and negotiable as part of final commercial terms.
Legal & disclaimer
All information provided is indicative and subject to verification. Prospective partners must undertake independent legal, technical and financial due diligence. Title, approvals and commercial terms are subject to confirmation and contract.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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Referrals & Third Party Agents: 2.5%-Comm
Ref: Smart
