Introduction
We are pleased to present a high-value Joint Venture (JV) development opportunity located in the heart of Ikeja, Lagos, one of the most strategic commercial and residential hubs in the state. This JV offering is positioned along Awolowo Way / Aromire Junction, a highly visible and accessible corridor with proven demand for quality residential and mixed-use developments.
This opportunity is strictly open to experienced developers with strong financial capacity and a verifiable project delivery track record.
Property Overview
- Location: Awolowo Way / Aromire Junction, Ikeja, Lagos
- Land Size: 3,000 square metres
- Title Document: Certificate of Occupancy (C of O)
- Land Value: ₦3.5 Billion
- JV Premium: ₦100 Million
- Facilitator’s Fee: 10% of Land Value
- Current State: Available for immediate development
The size, title status, and location make this land suitable for medium-to-large scale residential development with strong commercial viability.
Strategic Location Advantage
Ikeja remains one of Lagos’ most desirable districts due to its unique combination of:
- Centrality and connectivity
- Established infrastructure
- High concentration of corporate offices and institutions
- Strong demand for quality housing
The Awolowo Way / Aromire axis is especially attractive for developments targeting professionals, corporate tenants, and upwardly mobile residents who value accessibility and lifestyle convenience.
Development Proposal
The proposed development for this JV includes:
- Blocks of Flats
- Terrace Houses
- Or a hybrid residential scheme, subject to mutual agreement
This flexibility allows the developer to:
- Optimize land use
- Respond to prevailing market demand
- Maximize unit yield and profitability
Final architectural design, unit mix, and density will be jointly agreed by all parties during the JV planning stage.
Joint Venture Structure
This JV structure is designed to:
- Allow the landowner to contribute land
- Enable the developer to provide capital, technical expertise, and project execution
- Share profits based on agreed terms
- Reduce upfront land acquisition cost while maximizing returns
The ₦100 million premium forms part of the agreed JV framework, while full JV terms will be discussed during formal engagement.
Ideal Developer Profile
This opportunity is suitable for developers who:
- Have a proven track record of completed projects
- Possess strong financial capacity
- Understand high-density residential development in urban Lagos
- Can deliver quality construction within agreed timelines
Only developers capable of executing a project of this scale and value are encouraged to engage.
Documentation & Due Diligence
The land is backed by a valid Certificate of Occupancy (C of O), ensuring a strong foundation for due diligence and financing. Relevant documents will be made available to serious and qualified parties upon commencement of engagement.
Investment Highlights
- Prime Ikeja location with high visibility
- Large land size suitable for scalable development
- Flexible residential development options
- Strong rental and resale demand
- JV structure reduces capital exposure
- High potential return on investment
This JV presents a rare opportunity to develop a landmark residential project in one of Lagos’ most active property markets.
Next Steps
Interested developers are invited to:
- Submit company profile and track record
- Conduct site inspection
- Review title and land documentation
- Discuss development concept and JV terms
- Proceed to JV agreement
Early engagement is advised due to the strategic nature of this asset.
Contact Information
For enquiries, inspections, and JV discussions, please contact:
📞 Contact / WhatsApp: 08034139285
Only serious and qualified developers should apply.
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