A unique Joint Venture (JV) opportunity is now available in Ikate, offering developers the chance to secure a prime 3,500sqm land parcel under a flexible and developer-friendly structure.
This opportunity combines outright land purchase with a JV arrangement, making it ideal for developers looking to reduce upfront capital exposure while maximizing development scale and returns in one of Lagos’ fast-growing locations.
Property Overview
- Location: Ikate, Lagos
- Total Land Size: 3,500sqm
- Transaction Type: Part Purchase + Joint Venture
- Land Value: ₦800,000 per sqm
- Minimum Purchase Requirement: 1,000sqm
- JV Portion: Remaining 2,500sqm
- Premium: Nil
- Documentation: Available and verifiable
Deal Structure Explained
This JV opportunity is structured to balance landowner security and developer flexibility:
- Outright Purchase Component
- The developer is required to purchase a minimum of 1,000sqm
- Price: ₦800,000 per sqm
- This establishes commitment and partial ownership for the developer
- Joint Venture Component
- The remaining 2,500sqm is allocated for JV development
- No premium required on the JV portion
- JV structure allows for shared risk and shared profit
This hybrid model is particularly attractive to developers seeking scalable projects without full land acquisition costs upfront.
Why Ikate Is a Smart Investment Location
Ikate remains one of the most sought-after development corridors in Lagos due to:
- Proximity to Lekki Phase 1, Victoria Island, and major commercial hubs
- High demand for residential and mixed-use developments
- Strong rental yields and resale value
- Ongoing infrastructure growth and accessibility
- Consistent appreciation in land and property values
Developments in Ikate enjoy fast market absorption and strong buyer interest.
Development Potential
The total land size of 3,500sqm allows for:
- Residential apartment blocks
- Luxury or mid-range flats
- Terraced housing developments
- Mixed residential-commercial projects
- Serviced apartments or short-let developments
The JV structure enables efficient master planning and phased development while reducing initial capital exposure.
Why This JV Opportunity Stands Out
- Flexible hybrid deal structure
- No premium required
- Strategic Ikate location
- Scalable development potential
- Strong ROI and exit options
- Ideal for experienced and growing developers
Ideal JV Partners
This opportunity is best suited for:
- Real estate developers
- Property investment firms
- Developers seeking Lagos mainland–island bridge projects
- Investors with experience in residential or mixed-use developments
Inspection & Enquiries
This opportunity is open to serious and financially capable developers only.
📞 Contact / WhatsApp: 08034139285
Conclusion
This 3,500sqm JV opportunity in Ikate offers a rare blend of ownership, flexibility, and development scale. By combining a 1,000sqm outright purchase with a 2,500sqm JV arrangement, developers can unlock a high-potential project in one of Lagos’ most dynamic real estate markets—without the burden of full land acquisition upfront.
Secure your position in Ikate today and turn this JV opportunity into a profitable development.
Real