A rare 50/50 Joint Venture opportunity is available on a premium waterfront land parcel at Veritas Island by Orange Island, Lagos. With a total land size of 20,000 sqm and an estimated land value of ₦20 billion, this opportunity is structured for developers and investors seeking to participate in a high-value waterfront development without an outright land acquisition.

JV Details
📐 Total Land Size: 20,000 sqm

📐 JV Allocation: 10,000 sqm lots

💰 Land Value: ₦1,000,000 per sqm

💰 Total Land Value: ₦20,000,000,000

💰 Premium: ₦500,000,000 per 10,000 sqm

🤝 JV Structure: 50/50

📜 Title: Lagos State Certificate of Occupancy (C of O)

🏗️ Development: Optional

🏢 Maximum Development: Ground Floor + 2 Floors

💼 Facilitator's Fee: 10% of Land Value

Facilitator's Fee Structure

The 10% facilitator's fee can be settled through:
Cash
Units
Combination of Cash & Units

Why This Opportunity Works
1. Premium ₦20 Billion Waterfront Asset
A scarce waterfront location with strong demand and significant potential for residential or mixed-use development.
2. 50/50 JV Structure
The structure provides an opportunity to participate in the development without an outright land purchase, with the parties sharing the resulting development benefits.
3. Infrastructure Support
The landowner is responsible for roads and IPP infrastructure, while the developer handles internal infrastructure and development requirements.
4. Bankable Title
The property comes with a Lagos State C of O, providing a stronger foundation for approvals, financing, and potential mortgage-backed sales.

Investment Highlights
✨ Premium Waterfront Location

✨ 50/50 Joint Venture Structure

✨ No Outright Land Purchase Required

✨ ₦20 Billion Total Land Value

✨ C of O Title

✨ Infrastructure Support from Landowner

✨ Flexible Facilitator Fee Structure

✨ Development Potential up to G+2

📍 Location: Veritas Island by Orange Island, Lagos

📐 Total Land: 20,000 sqm

🤝 JV: 50/50

💼 Facilitator's Fee: 10% of Land Value