Location: Bourdillon Road, Ikoyi, Lagos
📐 Plot Size: 4,417 m²
📄 Title: Federal Government Certificate of Occupancy (C of O)
💰 Land Value: ₦3.5 Million/m²
💼 Facilitator’s Fee: 10% of land value (negotiable)
💸 Premium: ₦1 Billion (to be recovered upfront from one of the landowner’s maisonettes)
🌇 Prospective Partner
The ideal JV partner must be:
- A proven and capable financier
- A reputable developer with experience in high-density, high-rise, luxury residential projects
- Able to deliver luxury apartments in line with Ikoyi’s standards and expectations
🏗️ Type of Development
The development envisaged for this prime Ikoyi property is a high-density/high-rise luxury residential project, including:
- 40 units of contemporary top luxury 4-bedroom maisonettes
- Each unit with 2 staff quarters and 2 kitchenettes
- 6 units of 5-bedroom penthouses
- Each unit with 2 staff quarters and 2 kitchenettes
- Modern facilities and amenities designed to meet high-end residential standards
- Permissible height: 25 floors or more (subject to Lagos State Government building authority approvals)
- Design to ensure no overcrowding while maximizing usable space
🏛️ Design & Architecture
- Preferred Architects: Paradigm & Rumis
- Developers may submit their architects and designs
- Disagreement on designs: If mutual agreement is not reached, the project will default to Paradigm or Rumis for final design
🏗️ Construction & Contractors
- Preferred Construction Firms: ELALAN, Cappa & D’Alberto, or equivalent
- In-house builders may be considered if portfolio and standards match preferred contractors
- Sub-contractors (windows, doors, electrical, mechanical, etc.):
- Must be mutually agreed upon and selected by both parties before project execution
📊 Financial & JV Terms
| Item | Details |
|---|---|
| Sharing Formula | Developer 65% / Landowner 35% |
| Premium | ₦1 Billion (recoverable upfront from one of the landowner’s maisonettes) |
| Facilitator’s Fee | 10% of land value (negotiable) |
| Proof of Funds | Required to start & complete the project (bank statements, guarantees, or acceptable institutional proof) |
| Finishing Documents | Detailed finishing documents to be provided by landowner; JV partner finishing only applies if mutually agreed |
💡 JV Requirements
Interested developers must:
- Demonstrate availability of funds to execute the project from start to finish
- Submit proof of financial capacity, such as:
- Bank statements
- Bank guarantees
- Institutional financial confirmation
- Agree to landowner finishing standards or mutually agree on alternative finishes for common areas and units
🌍 Why Invest in Bourdillon Road, Ikoyi
- Prime Ikoyi Location: One of Lagos’s most prestigious residential addresses
- High-density luxury project: Maximizes ROI in an elite market
- Established reputation: Work with renowned architects and construction firms
- Strong profit-sharing structure: Developer receives 65% while landowner retains 35%
🤝 Partnership & Execution
- All JV terms, including design approvals, sub-contractor selection, and financial contributions, are subject to mutual agreement
- Premium is recoverable from project units, reducing upfront capital pressure on the developer
- Facilitator’s role ensures smooth JV execution, with fees set at 10% of land value (negotiable)
📞 Next Steps
Serious developers or investors are invited to:
- Submit Letter of Intent (LOI)
- Provide Company Profile & Portfolio
- Submit Project Proposal Document
📱 Phone/WhatsApp: 08034139285
🏁 Conclusion
This exclusive JV opportunity on Bourdillon Road, Ikoyi offers a high-density, high-rise luxury project with premium architectural standards, strategic profit-sharing, and flexible execution terms.
With a credible developer partner, this JV promises exceptional ROI, landmark luxury residential units, and prestigious market positioning.
👉 Contact us today to submit your proposal or schedule a site inspection. Only serious and verified developers will be considered.