An exceptional and immediately actionable Joint Venture (JV) opportunity is available in the prestigious Parkview Estate, Ikoyi, offering developers an attractive opportunity to deliver a premium residential development in one of Lagos's most desirable neighbourhoods.

Situated on approximately 1,030sqm of land, the property is available for a 50/50 Joint Venture arrangement, with the landowner open to development proposals. The preferred concept is a residential block comprising 16 units of 3-bedroom apartments with Boys' Quarters (BQ), subject to feasibility studies and relevant planning approvals.

With a land valuation of ₦3 billion and a landowner available for immediate negotiations and conclusion, this opportunity is particularly attractive to developers seeking a premium residential project in Ikoyi.

Property Details
Location: Parkview Estate, Ikoyi, Lagos
Land Size: Approximately 1,030sqm
Title: Governor's Consent
Transaction Type: Joint Venture (JV)
Land Valuation: ₦3,000,000,000
Sharing Formula: 50/50
Premium: ₦100,000,000
Facilitator's Fee: 10% of Land Value (₦300,000,000)
Landowner's Availability: Ready for Immediate Negotiations and Conclusion

Proposed Development
Residential Block of Flats
Preferred Development: 16 Units
Apartment Configuration: 3 Bedrooms with BQ per Unit
Alternative Development Proposals Welcome
Final Development Subject to Feasibility and Statutory Approvals

Investment Potential
This JV opportunity is ideal for experienced real estate developers and investment firms seeking to develop premium residential apartments in Parkview Estate, Ikoyi.

The proposed 50/50 sharing structure, flexibility in development proposals, and landowner's readiness to conclude negotiations present an attractive opportunity for developers with the financial and technical capacity to execute a high-value residential project.

Joint Venture Terms
Land Value: ₦3,000,000,000
Sharing Ratio: 50% Landowner / 50% Developer
Premium: ₦100,000,000
Facilitator's Fee: ₦300,000,000