Cameron Road, Ikoyi, Lagos
₦12,000,000,000
Property Ref: 3034304 | Added On: 14 Aug 2025 | Last Updated: 15 Aug 2025 |
Market Status: Available | Type: Mixed-use Land | Total Area: 4,000 sqm |
JV OPPORTUNITY --- CAMERON, IKOYI
Prime Development Site: 4,000 sqm
Asking Price: 3,000,000 per sqm (Indicative Total: 12,000,000,000)
Document: Lagos State CFO
Transaction Type: Joint Venture opportunity
Overview
An exceptionally rare JV proposition in the heart of Ikoyi's Cameron / Kingsway corridor --- a 4,000 sqm parcel with Lagos State CFO, designed for a landmark twin highrise development. One tower is conceived as a luxury residential block fronting Cameron; the sister tower is a commercial highrise facing Kingsway Road. Dual frontage on two premium arteries creates unrivalled visibility, separate access lanes and maximises commercial and residential value.
Key Selling Points
- Strategic Ikoyi location: High-profile address on Cameron with direct exposure to Kingsway Road --- prime for affluent residents and corporate occupiers.
- Size & entitlement: Generous 4,000 sqm landbank suitable for high-density, mixed-use highrise development (subject to planning approvals).
- Clear documentation: Lagos State CFO in place to support a smooth JV structuring and eventual conveyance.
- Twin-tower concept: Distinct residential and commercial towers enable tailored design, separate ingress/egress and diversified income streams.
- Commercial upside: Kingsway-facing tower ideal for premium offices, serviced offices, hotel or retail podium, commanding top rentals.
- Residential appeal: Cameron-facing tower perfect for luxury apartments, penthouses and amenity-rich living --- strong demand from expatriates and high-net-worth buyers/tenants.
- Flexible JV structure: Attractive for developers seeking equity partnerships, design-build arrangements or phased development strategies.
- Value creation: Opportunity to optimise plot ratio, podium activation and vertical mix to maximise returns.
Development Opportunities
- Luxury residential apartments and penthouses with premium finishes and private amenities.
- Grade-A office accommodation or corporate suites in the Kingsway tower.
- Mixed-use podium with retail, F&B, wellness facilities and secure basement parking.
- Serviced apartment or boutique hotel conversion of one tower to diversify revenue.
- Phased delivery to derisk and accelerate ROI.
Investment Highlights
- Strong rental and capital appreciation potential given Ikoyi's scarcity of large developable sites.
- Dual-market exposure (residential + commercial) reduces single-sector risk.
- CFO title simplifies legal processes for JV structuring and project financing.
Next Steps
Serious developers and equity partners invited to request site pack, concept masterplan and legal/title documentation. Viewings and negotiations by appointment.
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Ref: Remi HV World