Off Lekki - Epe Expressway, Eleranigbe, Ibeju Lekki, Lagos
₦1,000,000,000
| Property Ref: 3128311 | Added On: 03 Oct 2025 | Last Updated: 12 Oct 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 19,183 sqm |
--- Land for Joint Venture
(19,182.357 sqm) ---
Elerangbe (off LekkiEpe Expressway), IbejuLekki
Land value 1,000,000,000
Facilitator fee 10%
Overview: Strategic JV opportunity in the fastgrowing IbejuLekki corridor: a single consolidated parcel of 19,182.357 sqm (c. 1.918 ha) at Elerangbe, immediately off the LekkiEpe Expressway. The owner is seeking a credible development partner for a landforequity or alternate JV structure. The site is offered on a semidirect mandate --- land value indicated at 1.0 billion and the facilitator's fee is 10%.
Property summary
- Location: Elerangbe, off LekkiEpe Expressway, IbejuLekki, Lagos State
- Size: 19,182.357 sqm (c. 1.918 hectares) --- single consolidated parcel
- Land value (indicative): 1,000,000,000
- Proposal: Open --- landowner will consider JV structures (landforequity / profit share / hybrid financing) or outright sale to qualified buyers
- Facilitator fee: 10% (payable as agreed in Heads of Terms)
- Sale type: Semidirect --- owner prefers direct engagement with experienced developers and institutional partners
Why this site is attractive
- Location advantage: Positioned within the IbejuLekki growth corridor --- an area seeing major public and private infrastructure investment and industrial/residential demand.
- Expressway access: Immediate proximity to LekkiEpe Expressway facilitates logistics, construction mobilisation and market connectivity.
- Scale & flexibility: Nearly 2 hectares of contiguous land provides development scale suitable for residential estate, mixeduse, logistics yard, institutional campus or phased masterplanning.
- Quick mobilisation potential: Estate infrastructure in the corridor shortens lead times for greenfield delivery compared with more remote sites.
Suggested development concepts (examples)
- Serviced residential plots / gated terrace cluster or apartment scheme
- Mixeduse development with convenience retail and residential above
- Logistics / small industrial park or coldchain units (subject to zoning)
- Institutional campus: educational or health facility
- Landbank for phased disposal to developers or investors
What the owner seeks in a partner
- Proven delivery track record on Lagos developments (portfolio and references required)
- Financial capacity to fund predevelopment and construction phases (proof of funds / bank references)
- Capability to manage approvals, contractor procurement and sales/marketing in the Lekki market
- Willingness to agree transparent JV governance, escrow and milestone arrangements
Documentation & information (available on qualification)
- Certified title documents and survey plan will be provided to qualified parties (please submit LOI + proof of funds)
- Basic site dossier on request (NDA may be required): highlevel concept, site photos and initial constraints notes
Due diligence checklist (recommended)
- Legal: Certified title verification, chain of ownership and solicitor's searches.
- Survey: Certified site survey and pegging confirmation on site.
- Technical: Topographic & geotechnical investigations, drainage/flood risk and site access appraisal.
- Planning: Confirm zoning/permitted uses and planning obligations with Lagos State planning authority.
- Environmental: EIA screening (coastal/corridor projects may require additional checks).
- Utilities: Confirm proximity/availability of power, water and telecoms and estimated connection costs.
- Commercial: Market feasibility and sales/letting comparables to inform product mix.
Indicative JV / commercial process
1. Submit Letter of Interest (LOI) including company profile, RC/TIN and proof of funds.
2. Sign NDA (if required) and receive certified title & survey for review.
3. Site inspection and preliminary technical review by shortlisted partners.
4. Negotiate Heads of Terms (HoT): sharing formula, cost recovery mechanics, developer fee, programme and facilitator fee mechanics.
5. Execute JV Agreement, mobilise funds, obtain approvals and commence works per agreed milestones.
How to express interest
- Submit LOI and basic credentials to the facilitator for immediate consideration. Shortlisted parties will be contacted, provided the documentation pack and invited for a site visit.
Contact (Facilitator)The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]
Notes & disclaimers
- All figures and statements are indicative and provided in good faith. Final commercial terms will be determined by negotiation and due diligence.
- Facilitator fee (10%) is payable per the agreed Heads of Terms.
- Only qualified developers and institutional partners with verifiable capacity will be advanced to receive full documentation.
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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