For sale: Prime 2,000sqm Waterfront Development In Lekki Phase 1

CWL1730

Prime 2,000sqm waterfront development
"A prime 2,000sqm waterfront development opportunity is available for a strategic Joint Venture partnership with a proven and financially capable developer/investor to deliver a landmark high-density luxury residential development in one of Lagos' most prestigious locations.

The opportunity is ideally suited to an experienced development partner with the technical expertise, financial capacity, and track record required to execute a premium high-rise residential project from inception to completion.

Property Details
Location
Lekki Phase 1, Lagos

Land Size
2,000 SQM

Property Type
Prime Waterfront Development Land

Title
Federal C of O & Lagos State Governor's Consent

Land Value
₦5,600,000,000

Proposed Development
The proposed project is envisioned as a high-density, high-rise luxury residential development comprising premium apartments designed to meet the standards of the high-end Lekki waterfront market.

The final development specifications, including:
Number of floors
Number and configuration of apartments
Apartment types and sizes
Basement/parking provision
Recreational and lifestyle facilities
Architectural concept
Construction specifications
Detailed finishing schedule

will be subject to the developer's feasibility study, architectural design, planning requirements, and mutual agreement between the parties.

Joint Venture Structure
Proposed Sharing Formula
Developer: 60%
Landowner: 40%

The final allocation and implementation structure will be documented in a formal Joint Venture Agreement following due diligence, feasibility studies, valuation, and agreement on the development scheme.

Premium
₦360,000,000

Applicable premium and payment structure to be agreed and documented between the parties.

Developer Requirements
The prospective development partner is expected to demonstrate:
Proven track record in high-density/high-rise luxury residential development
Strong financial capacity
Relevant technical and construction expertise
Ability to commence and complete the proposed development
Established project management capability
Clear development strategy and execution plan
Proof of Funds

The prospective partner will be required to provide satisfactory evidence of financial capacity to commence and complete the project.

Acceptable evidence may include, subject to verification:

Recent bank statement
Bank guarantee
Confirmed financing facility
Institutional funding commitment
Other verifiable proof of available project financing
Development & Finishing Documentation

The selected developer will be expected to provide detailed documentation covering the proposed development, including:
Architectural concept/design
Development schedule
Apartment mix
Construction specifications
Finishing specifications
Project timeline
Cost estimates
Funding structure
Construction methodology
Project delivery plan
Facilitators' Fee

10% of the land value
Based on the stated land value of ₦5.6 billion, the facilitators' fee is:
₦560,000,000

Payment terms and responsibility for the facilitators' fee shall be clearly defined and agreed upon in the final transaction documentation.

Ideal Development Partner
This opportunity is specifically targeted at a credible, proven, and financially capable developer or development institution with the capacity to deliver a landmark luxury residential project in Lekki.

The strategic waterfront location, substantial 2,000sqm land size, and premium title documentation make this an exceptional opportunity for a developer seeking a significant high-end residential project in Lagos.

Commercial Summary
Land Size: 2,000 SQM
Location: Admiralty Way, Lekki Phase 1
Title: Federal C of O & Lagos State Governor's Consent
Land Value: ₦5.6 Billion
Premium: ₦360 Million
Proposed Sharing: Developer 60% | Landowner 40%
Facilitators' Fee: 10% of Land Value
Target Partner: Proven Financier & Developer

All terms remain subject to satisfactory due diligence, feasibility, planning approvals, legal documentation, and execution of a mutually acceptable Joint Venture Agreement."

For more Information, Pricing and Private Viewings

Please Contact:

Ebun: [redacted]

Lilian: [redacted]

Email: [redacted]

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