Abram Adesanya, Lekki, Lagos
₦1,000,000
| Property Ref: 3102409 | Added On: 18 Sep 2025 | Last Updated: 19 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 1,918 sqm |
Listing title
JointVenture Opportunity --- 15 Terrace Units (Concept Approved)
Size1,918 sqm Abraham Adesanya, Lekki ---
Title: Global C of O
Overview
Strategic, readytoexecute JV for an onsite residential terrace development in the highdemand Abraham Adesanya corridor, Lekki. The landowner holds a Global Certificate of Occupancy (C of O) over a 1,918 sqm parcel with full concept drawings approved and construction already underway on 5 units. The owner seeks a toptier, trustworthy developer / investor to fund and deliver the remaining 10 terrace units under a profitshare JV. This is a turnkey development opportunity with permits in place, immediate partial construction progress and clear market pricing for completed units.
Key facts
- Opportunity type: Development JointVenture (landforequity / profit share)
- Site area: 1,918 sqm
- Location: Abraham Adesanya, Lekki, Lagos --- prime residential corridor with strong demand from owneroccupiers and corporate renters
- Title: Global Certificate of Occupancy (C of O) --- to be made available for due diligence
- Project: 15 terrace units (approved concept); 5 units under construction; 10 units require completion
- Unit pricing (indicative): 135,000,000 per terrace unit (at completion)
- Investment required: 300,000,000 -- 400,000,000 (to complete remaining 10 units)
- Profit share: 65 : 35 (Developer : Landowner) --- proposed split; terms to be finalised in Heads of Terms
- Facilitator fee: 10% (payable as agreed)
Project status & immediate advantages
- Approved design: Concept drawings and approvals (planning/building) are in place --- speeds statutory compliance and reduces prestart delays.
- Construction momentum: 5 units already underway --- developer can leverage existing site mobilisation, contractors and supply chain.
- Clean title: Global C of O provides strong starting position for legal transfer and JV structuring (subject to solicitor verification).
- Compelling unit economics: Completed units targeted at 135M each --- indicative gross development value for 15 units 2.025B (buyers/market dependent).
- Prime microlocation: Abraham Adesanya command area benefits from growing demand for quality terraces from middleup market buyers and investors.
What the owner offers
- Land contribution: 1,918 sqm with approved concept and partial works --- owner to contribute land into JV in exchange for agreed share of project profits.
- No upfront premium specified --- commercial terms to be agreed in HoT (owner prefers profit share model).
What the owner seeks in a partner
- Proven developer or developerinvestor with:
- Track record of delivering residential terraces or similar midrise housing in Lagos (portfolio & references required)
- Financial capacity to fund construction (proof of funds / bank reference / audited accounts)
- Strong project management, contractor networks and ability to mobilise within short timelines
- Commitment to quality finishes and marketled sales/marketing strategy for timely offtake
Commercial & financial outline (indicative)
- Investment needed to completion (10 units): 300M--400M (developer to provide detailed cost plan)
- Target sale price per unit: 135M (marketdriven; developer to confirm pricing strategy)
- Proposed profit sharing: 65% to developer : 35% to landowner (subject to negotiation and final HoT)
- Facilitator fee: 10% of agreed land value / fee basis --- payable as agreed in HoT
Due diligence & documents available
- Owner will provide to qualified parties (on NDA): Global C of O, approved concept drawings, building approvals, TDP/site plan, current contractor status and progress photos, cost to complete estimates and construction schedule.
- Recommended buyer due diligence: verification of C of O, review of approvals, confirm scope of works to date, title search, survey & boundary check, geotechnical report (if required), contractor credentials, and financial model review.
Process / next steps
1. Inspection: Site inspections by appointment --- view existing works and site logistics.
2. Submit LOI: Letter of Intent with company profile, proof of funds and relevant project portfolio.
3. Meeting: Shortlisted developers invited to review full dossier, inspect site and discuss commercial terms.
4. Heads of Terms: Negotiate and execute HoT/MoU capturing profit share, cost recovery, developer fees, construction milestones and governance.
5. Formal JV Agreement: Legal documentation, escrow/guarantees and mobilisation to completion.
Prequalification checklist (to submit with LOI)
- Company profile and RC documents
- Evidence of relevant project experience (photos, references, completion certificates)
- Proof of funds or bank reference confirming capacity to fund the required investment
- Highlevel proposed approach (program, unit mix refinement if any, sales strategy)
- Agreement to facilitator fee terms and readiness to enter HoT process
Why act now
- Approved concept and partial construction materially reduce lead time to market --- early partners benefit from lower mobilisation costs and earlier cashflow from completed units.
- Abraham Adesanya remains a soughtafter Lekki address; early delivery positions completion to capture market demand.
Confidentiality & contact
- This opportunity is offered to qualified developers and institutional partners only. All enquiries will be treated confidentially and a NonDisclosure Agreement (NDA) may be required prior to release of full documentation.
To express interest, request the dossier or arrange a site inspection, submit your LOI to:
Note
All figures and terms shown are indicative and subject to negotiation and detailed due diligence. Prospective partners should obtain independent legal, technical and financial advice prior to commitment.
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.
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