2,929SQM Joint Venture Development Opportunity on Gerrard Road, Ikoyi

JOINT VENTURE DEVELOPMENT OPPORTUNITY – GERRARD ROAD, IKOYI

A prime 2,929 sqm development site strategically located on Gerrard Road, Ikoyi, one of Lagos' established high-value residential and mixed-use districts.

The property is held under a Federal Certificate of Occupancy (Fed C of O) and is being offered for a structured Joint Venture development with an experienced and financially capable developer.

The proposed development is for a 20-floor residential or mixed-use building, subject to the appropriate planning approvals and the developer's final design proposal.

Key Details:

Land Size: 2,929 sqm
Location: Gerrard Road, Ikoyi, Lagos
Title: Federal Certificate of Occupancy
Land Value: ₦4.5 million per sqm
Indicative Land Value: ₦13.18 billion
Proposed Development: 20-floor residential or mixed-use development
Facilitator's Fee: 10%
Structure: Joint Venture
Premium: Applicable; to be communicated to qualified developers

The property is currently tenanted and generates annual rental income. The landowner is seeking a premium that reflects the rental value expected during the construction period.

This is a semi-direct mandate and is best suited to established developers with the financial capacity, development track record and experience required for a project of this scale.

Further commercial terms, including the applicable premium and detailed JV structure, will be disclosed to qualified and serious developers upon confirmation of genuine interest.