Ikate, located within the vibrant Lekki Phase 1 corridor, has become one of Lagos’ most attractive hubs for real estate development. With its strategic location, high demand for residential apartments, and continuous infrastructure expansion, Ikate remains a top choice for investors looking to maximize returns in Lagos’ thriving property market.
A unique 3,500sqm Joint Venture (JV) opportunity has just opened up—ideal for real estate developers, investment firms, and property companies seeking a landmark project in a high-demand urban environment.
📍 Property Location
Ikate, Lagos (Lekki Axis)
The environment is:
- Highly desirable for mid-to-high-income residential developments
- Secure and rapidly growing
- Surrounded by top schools, malls, hospitals, lounges, and corporate facilities
- Only minutes away from Lekki Phase 1 and the Lekki-Epe Expressway
📐 Land Size & Structure
- Total Size: 3,500 square meters
- Type: Dry, fenced, and strategically positioned for immediate development
- Zoning: Residential (multi-unit development suitable)
This 3,500sqm land offers an excellent platform for luxury apartments, terrace units, semi-detached houses, or mixed residential estates.
💼 JV Requirement & Developer Commitment
To ensure serious and capable participation, the landowner has set a clear and investor-friendly structure:
✔ Mandatory Developer Purchase
The developer must purchase a minimum of 1,000sqm out of the 3,500sqm.
- Land Value: ₦800,000 per sqm
- Minimum Buy-in: 1,000 sqm × ₦800,000 = ₦800 Million
This upfront commitment confirms developer credibility and financial capacity.
✔ Remaining Portion for JV
After acquiring the mandatory 1,000sqm, the balance of 2,500sqm becomes available for a flexible Joint Venture arrangement with the landowner.
This hybrid structure gives the developer:
- Partial ownership
- Development rights
- Reduced risk exposure
- Stronger ROI prospects
🔥 Key JV Advantages
1️⃣ No Premium Required
The landowner is not requesting any premium payment—making this deal even more attractive to qualified developers.
2️⃣ Strategic Size for Large-Scale Projects
With 3,500sqm total land available, developers can conceptualize:
- High-rise apartment blocks
- Modern terrace/duplex estates
- Mixed-use community designs
- Luxury rental investments
3️⃣ High Market Demand in Ikate
Ikate is one of Lagos’ fastest-selling real estate zones due to:
- High occupancy by young professionals & families
- Strong rental demand
- Proximity to major business districts
- Fast infrastructure development
Rental yields and off-plan sales in this area consistently outperform many other Lagos neighbourhoods.
4️⃣ Balanced Developer–Landowner Partnership
This JV structure allows:
- Shared investment
- Shared risks
- Shared profits
- Long-term value creation
It is ideal for developers aiming for sustainable growth in Lagos’ competitive luxury real estate market.
📑 Required Documents & Transaction Procedure
Only credible and financially capable developers will be considered.
The due process includes:
1️⃣ Letter of Intent (LOI)
A formal statement of interest for the purchase and JV.
2️⃣ Company Profile
Must highlight:
- Completed projects
- Management structure
- Technical capability
- Financial strength
3️⃣ Proof of Funds (Mandatory)
To confirm ability to purchase the minimum 1,000sqm.
4️⃣ Detailed Development Proposal
Including:
- Architectural concept
- Number of units
- Project costing
- Timeline
- Sharing ratio proposal
5️⃣ Physical Inspection of the Land
6️⃣ Meeting with the Landowner
For negotiation, agreement finalization, and signing.
7️⃣ Closure & Commencement of Project Planning
🎯 Who Should Take This Offer?
This opportunity is ideal for:
- Established real estate developers
- Property development companies
- Corporate investors
- Private equity investors
- Joint Venture firms
- Institutional real estate investors
If you’re looking to expand your portfolio into a high-demand, high-yield location in Lagos, this is a prime chance to secure a profitable project.
📞 Contact for Inspection & JV Negotiation
For enquiries, site inspection bookings, or proposal submissions:
📞 Contact/WhatsApp: 08034139285