A rare large-scale Joint Venture (JV) opportunity is now available on Remi Olowude Street, Lekki Phase 1 (Right Side)—one of Lagos’ most prestigious and high-demand real estate corridors.
This opportunity involves an approximately 8,400sqm parcel of land, structured as a hybrid transaction where part of the land is offered for JV development while the remaining portion is available for outright purchase. The structure is ideal for developers seeking to secure prime Lekki Phase 1 land while executing a high-rise, high-yield project.
Property Overview
- Location: Remi Olowude Street, Lekki Phase 1 (Right Side), Lagos
- Total Land Size: Approx. 8,400sqm
- JV Portion: 4,378sqm
- Outright Sale Portion: 4,192sqm
- Land Value: ₦1.2 Million per sqm
- Transaction Type: JV + Outright Purchase
- Approval Potential: Up to 10 floors
- Preferred Development: High-rise (minimum of 7 floors)
- Documentation: Available and verifiable
Deal Structure Explained
This opportunity is designed to offer maximum flexibility and scale:
1. Joint Venture Portion (4,378sqm)
- Landowner prefers a JV arrangement
- Open to well-structured development proposals
- Approval can be secured for up to 10 floors
- Minimum preferred building height: 7 floors
- Developer is encouraged to present innovative, high-yield concepts
2. Outright Purchase Portion (4,192sqm)
- Available for direct acquisition
- Priced at ₦1.2 million per sqm
- Allows the developer to own a significant portion outright, enhancing control and equity
This hybrid structure provides an excellent balance between ownership, scale, and capital efficiency.
Why Remi Olowude Street, Lekki Phase 1?
Remi Olowude Street is one of the most established and sought-after streets in Lekki Phase 1, known for:
- Proximity to Admiralty Way, Freedom Way, and major commercial hubs
- High demand for luxury apartments and high-rise developments
- Strong rental yields and fast market absorption
- Excellent road access and infrastructure
- A proven market for 7–10 floor residential and mixed-use buildings
Developments in this area consistently command premium pricing and strong investor interest.
Development Potential
The JV portion of 4,378sqm is ideal for:
- Luxury high-rise residential apartments
- Serviced apartments or short-let developments
- Mixed-use developments with retail on lower floors
- Corporate or investment-grade residential towers
With approval potential of up to 10 floors, the project offers high unit yield, strong ROI, and attractive exit options.
Why This Opportunity Stands Out
- Prime Lekki Phase 1 address
- Large contiguous land parcel
- Hybrid JV + outright purchase structure
- High-rise approval potential (up to 10 floors)
- Flexible development concept acceptance
- Strong rental and resale demand
Ideal Developers & Investors
This opportunity is best suited for:
- High-rise residential developers
- Institutional real estate firms
- Mixed-use and serviced apartment developers
- Developers with experience in Lekki Phase 1
- Investors seeking scalable, premium Lagos projects
Proposal & Enquiries
Developers are encouraged to submit:
- Development concept proposal
- Company profile
- Track record of similar projects
- Funding capacity details
📞 Contact / WhatsApp: 08034139285
Conclusion
Opportunities of this scale and flexibility on Remi Olowude Street, Lekki Phase 1 are extremely rare. With 8,400sqm total land, a high-rise-friendly zoning, and a balanced JV + purchase structure, this deal offers developers the chance to execute a landmark project in one of Lagos’ most profitable real estate locations.
Serious developers with strong concepts and execution capacity are invited to engage immediately.
Real