A prime 4,417sqm development opportunity in Ikoyi, offered for a joint venture arrangement. The proposed development is a 27-floor high-rise residential project, with a minimum of 50 units comprising 4-bedroom apartments, 5-bedroom maisonettes and penthouses. The property is backed by a Federal C of O and offers a structured landowner-developer partnership.

Development Details
Land size: 4,417sqm
Location: Bourdillon Road, Ikoyi
Title: Federal C of O

Proposed development: 27-floor high-rise residential
Minimum development: 50 units
Unit mix: 4-bedroom apartments, 5-bedroom maisonettes and penthouses
Land value: ₦4.5M per sqm
Premium: ₦1.5 Billion
Facilitators: 10%
Sharing: 64% Developer / 36% Landowner
Contractor Options
Cappa
Elalan
Alternative consideration: ITB
Other reputable contractors may also be considered

Ideal For
This opportunity is suited to established developers and investment partners seeking a high-rise residential development opportunity in one of Ikoyi’s prime locations, with a clearly defined landowner-developer sharing structure.

Joint Venture Terms
Landowner: 36%
Developer: 64%
Premium: ₦1.5 Billion
Facilitators: 10%