Eleko Expressway, Eleko, Ibeju Lekki, Lagos
₦900,000,000
| Property Ref: 3626463 | Added On: 17 Aug 2026 | Last Updated: 11 Sep 2026 |
| Market Status: Available | Type: Residential Land | Total Area: 6,200 sqm |
| Covered Area: 6,200 sqm |
JOINT VENTURE DEVELOPMENT BRIEF
6,200 SQM ELEKO EXPRESSWAY
We are seeking an experienced and financially capable developer for a premium residential Joint Venture on approximately 6,200 sqm of dry land with Governor's Consent, strategically located on Eleko Expressway.
DEVELOPMENT PREFERENCE
The Landowner is seeking a premium, low-density residential development comprising:
- Semi-Detached Duplexes
- Premium Terraced Duplexes
- Quality internal infrastructure
- Landscaped communal spaces
- Secure gated environment
- Premium architectural finishes
Proposed Development Options
OPTION 1: 16 UNITS
- 8 Semi-Detached Duplexes
- 8 Premium Terraced Duplexes
OPTION 2: 20 UNITS
- 8 Semi-Detached Duplexes
- 12 Premium Terraced Duplexes
The final unit mix is open to optimisation based on the developer's architectural and financial feasibility.
LANDOWNER'S JV REQUIREMENT
The Landowner is seeking:
100,000,000 upfront cash consideration
PLUS
Equity participation in the development
The equity component structured as:
- Defined completed units
Value of 800M
Gov Consent in View
Developers are invited to submit their best commercial proposal.
DEVELOPER RESPONSIBILITIES
The selected developer will be expected to provide:
- Full development funding
- Architectural and engineering design
- Planning and statutory approvals
- Construction and infrastructure
- Project management
- Marketing and sales
- Estate management setup
- Professional consultants
- Clear development timeline
- Transparent financial reporting
DEVELOPER SUBMISSION
Interested developers should provide:
1. Company profile and track record
2. Evidence of completed residential developments
3. Proposed architectural concept/unit mix
4. Development budget
5. Construction timeline
6. Projected selling prices and GDV
7. Proposed 100M upfront + equity structure
8. Landowner's proposed equity/units
9. Developer's expected return
10. Proposed JV structure and commercial terms
11. Evidence of financial capacity to execute the project
PREFERRED PARTNER
Preference will be given to developers with a strong track record in premium residential development, proven financial capacity, quality construction standards and a credible sales platform.
The Landowner is prioritising value creation and premium positioning over maximum unit density.
Fee 10%
Please Note
Direct Developer or Direct Agent to Developer
Owner is Ready to close
Vol 24 2
