+2348083279900 • [email protected]
Lekki Phase 1, Lekki, Lagos
₦20,000,000,000
| Property Ref: 3679752 | Added On: 16 Sep 2026 | Last Updated: 16 Sep 2026 |
| Market Status: Available | Type: Commercial Land | Total Area: 20,000 sqm |
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
