An exceptional waterfront land joint venture opportunity is available at the prestigious Orange Island, Lekki Phase 1. With a minimum land allocation of one hectare and over 100 hectares available, this opportunity is ideal for developers seeking to execute premium residential, mixed-use, or other suitable waterfront developments within an emerging luxury destination.

The proposal offers flexibility to accommodate the developer’s concept, creating room for innovative development schemes that align with the location and the wider estate’s vision.

Key Property Details
Location: Orange Island, Lekki Phase 1, Lagos
Land Size: Minimum of 1 hectare (10,000sqm)
Land Value: ₦1,500,000 per sqm
Minimum Land Value: ₦15,000,000,000 (₦15 Billion)
Joint Venture Sharing Ratio: 50/50
Premium: ₦500,000,000 (₦500 Million)
Facilitators’ Fees: To be determined
Development Proposal: Flexible, subject to the developer’s concept

Total Availability: Over 100 hectares
Infrastructure & Development Responsibilities

Landowner’s Responsibility

Delivery of external infrastructure to the neighbourhood
Road networks
Independent Power Provision (IPP)

Developer’s Responsibility

Internal infrastructure within the proposed development
Development planning and execution in line with the agreed concept and JV terms
Proposed Estate Amenities

The wider Orange Island development is planned to feature premium waterfront lifestyle amenities, including:

Marina
Jetty
Water park
Kayaking facilities
Road network infrastructure
Independent power provision

These amenities are intended to position the wider estate as a premium waterfront destination, offering potential for high-value residential and mixed-use developments.

Joint Venture Structure
Sharing Ratio: 50% Landowner / 50% Developer
Premium: ₦500 Million
Development Concept: Flexible, subject to mutual agreement
Minimum Land Allocation: 10,000sqm

This opportunity is suited to established real-estate developers and investment groups seeking substantial waterfront land for a large-scale project in the Lekki Phase 1 axis.

Over 100 hectares available for consideration.