Waterfront, BEACHFRONT 2,000m2 land for JV at Ikate Elegushi

INVITATION FOR JOINT VENTURE PROPOSALS

Contemporary *BEACHFRONT* 60 Units of Luxury Residential Apartments, Off the Coastal Road, IKate Elegushi, Lekki Lagos.

We invite proposals from reputable real estate developers for a Joint Venture to develop a parcel of land measuring 8,000 square metres at Victoria Island, Lagos, into contemporary luxury residential apartments.

Key Commercial Terms

*- Land Area*: 8,000 square metres.

*- Location*: Ikate Elegushi Lagos.

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– Land Value: Four Billion Naira NEGOTIABLE

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– Facilitator’s Fee*: 10% of the total agreed value of the property.

Proposal Submission Checklist*

Interested developers are requested to submit the following:

– Company profile and corporate registration documents.

– Evidence of financial capacity and access to development funding.

– Track record of completed residential development projects.

– Preliminary architectural concept and proposed apartment configuration.

– Estimated development costs and project completion timeline.

– Proposed Joint Venture structure and sharing formula between the landowner and developer.

– Proposed financing, construction, and project delivery arrangements.

*Submission and Evaluation*

Proposals will be evaluated based on financial capacity, development experience, design quality, commercial viability, and proposed Joint Venture terms.

The proposed transaction is subject to satisfactory due diligence, verification of title, applicable statutory approvals, and execution of a mutually acceptable Joint Venture Agreement. The landowner reserves the right to accept or reject any proposal.

All interested developers are invited to submit their proposals for consideration.