A strategic Joint Venture (JV) opportunity is available for a 2,349.800sqm development site in Victoria Island, Lagos. The property is backed by a Lagos State Certificate of Occupancy (C of O) with 55 years unexpired lease, offering an excellent platform for a premium residential development.

Property Details
Location: Victoria Island, Lagos
Land Size: 2,349.800sqm
Title: Lagos State C of O
Unexpired Lease: 55 Years
Transaction: Joint Venture (JV)
Net Land Value: ₦5,750,000,000
Proposed Development & Owner's Share

The proposed JV is structured for residential development, with the property owner to receive:

13 Units of 3-Bedroom Flats
2 Units of 2-Bedroom Flats
Total Owner's Allocation: 15 Units

The final development structure and sharing arrangement remain subject to mutual agreement between the property owner and developer.

Key Highlights
Prime Victoria Island location
Substantial 2,349.800sqm development site
Lagos State C of O
55 years unexpired lease
₦5.75B net land value
Clearly defined owner's unit allocation
Suitable for premium residential development
Brokerage / Facilitation Fee

10% of Net Land Value — ₦575,000,000

The agreed facilitation fee is ₦575 Million, payable upon successful conclusion of the transaction.

This opportunity is suitable for an established developer seeking a sizeable, strategically located residential development site in Victoria Island with a structured landowner consideration.