An exceptional Joint Venture (JV) opportunity involving 1,600sqm of prime land strategically located in Oniru, Victoria Island, Lagos.

The property offers developers an opportunity to undertake a premium high-rise residential development in one of Lagos's desirable residential and commercial districts.

The proposed development comprises an 8–12-storey luxury residential building with approximately 24–48 units, structured under a 50/50 joint venture arrangement with no upfront land premium.

Property Details
Location: Oniru, Victoria Island, Lagos
Land Size: 1,600sqm
Title: Certificate of Occupancy (C of O)
Land Valuation: ₦2,600,000,000 (₦2.6 Billion)
Property Type: High-Rise Residential Development Opportunity

Proposed Development
Building Configuration: 8–12 Floors
Residential Units: Approximately 24–48 Luxury Apartments
Entrance Lobby: Proposed
Podium Parking: Proposed
Generator House: Proposed
Recreational Deck: Proposed

The proposed development configuration is subject to feasibility studies, planning approvals, and applicable building regulations.

Joint Venture Terms
Sharing Ratio: 50/50
Land Premium: None (₦0)
Facilitator’s Fee: 10%
Facilitator’s Fee Amount: ₦260,000,000

Investment Opportunity
This JV presents an attractive opportunity for experienced developers seeking to deliver a substantial luxury residential project in Oniru without the requirement of an upfront land premium.

With a stated land valuation of ₦2.6 billion, a Certificate of Occupancy, and a proposed 50/50 sharing structure, the property offers a foundation for a high-value residential development, subject to due diligence and mutually agreed terms.

Inspection strictly by appointment.