Joint Venture for Landowners in Lagos

Start by sending us your land details — location, size, title type and your preferred outcome. We verify your title and boundaries, assess the highest and best use for the site, and prepare a landowner brief. We then match you with 2–3 verified developers who have the financial capacity, track record and relevant construction experience for your location. You meet each developer, review their proposal and select the partner you want to work with. We coordinate the term sheet, the formal JV agreement and the development programme through to completion and unit allocation. You do not pay anything upfront — our facilitator's fee is paid from the transaction at closing.

Premiums in Ikoyi range from ₦850 million to ₦1.4 billion net for Bourdillon Road plots between 2,281 sqm and 3,738 sqm. A 1,542 sqm plot on Adeyemi Lawson Street offers ₦500 million with a 50:50 sharing ratio. A 4,829 sqm Parkview Estate plot has a ₦500 million premium with a ₦10 billion land value. Banana Island plots command premiums of $1 million (recoverable from the landowner's share). Premiums are negotiable and depend on land size, title strength, location prestige and the developer's assessment of project feasibility.

Sharing ratios in Lagos JV deals depend on location, land value, project density and construction cost. Standard ranges observed in 2026: Ikoyi and Banana Island deals typically run 50:50 to 60:40 in favour of the developer. Lekki Phase 1 ranges from 50:50 to 60:40. Victoria Island ranges from 50:50 to 60:40. Parkview Estate runs 60:40. VGC and Maryland range from 40:60 to 50:50. The ratio is negotiated — the stronger the land value relative to construction cost, the better the landowner's share. A landowner with a C of O in Old Ikoyi will command better terms than a landowner with Governor's Consent in a peripheral area.

No. A JV requires no upfront payment from you. The developer funds construction, professional fees, permits and project management. Your contribution is the land. Our facilitator's fee is 10% of the land value and is paid at closing from the transaction proceeds — typically from the developer's side. In some deals, the facilitator's fee is 7% for Lekki and commercial transactions. You pay nothing to list your land, to be matched with developers, or to receive proposals.

The JV agreement must define the developer's obligations, milestones and consequences of default. This is why governance matters more than optimism. We structure every JV with: (1) milestone-based delivery obligations, (2) a performance bond or bank guarantee where applicable, (3) step-in rights for the landowner to appoint a replacement contractor, (4) defined dispute resolution, and (5) a clear exit mechanism. Many landowners believe a JV fails because the developer was weak — it is rarely the issue. JVs fail because governance was never institutional. We build control architecture into every agreement.

Yes. Many of our JV clients are diaspora Nigerians who own land in Ikoyi, Lekki or Victoria Island but do not have the local presence to develop it. We handle site inspections, developer vetting, term sheet negotiation, legal coordination and project monitoring on your behalf. You can participate remotely. We provide written status updates at every milestone. The JV agreement can be executed through a Nigerian-registered company or a power of attorney arrangement. We advise on the correct structure before any agreement is signed.

You will need: (1) the Certificate of Occupancy (C of O) or Governor's Consent, (2) a current registered survey plan, (3) the deed of assignment with an unbroken chain of title, (4) Land Use Charge receipts, (5) tax clearance certificates, and (6) your NIN or company registration documents. If the land is owned by a family or multiple parties, you will need letters of authority or a resolution from all stakeholders. We review these documents before listing your land to any developer. For the full checklist, see our documentation guide.

The pre-development phase — landowner engagement, developer matching, term sheet, JV agreement, architectural design and permits — typically takes 6 to 12 months. Construction depends on project scale: a 4 to 10-storey residential block takes 18 to 30 months; a high-rise above 15 floors takes 30 to 48 months. Completion and unit allocation follow handover. Total timeline from agreement signing to key handover is typically 2 to 4 years for mid-rise residential and 3 to 5 years for high-rise luxury. We provide written status updates at each milestone.

Developers who approach landowners directly have an information advantage — they know construction costs, sales prices and absorption rates better than you do. We level the playing field. We have access to current market data on land values, construction costs, unit prices and sharing ratios across Ikoyi, Lekki, Victoria Island and Banana Island. We know which developers have delivered which projects on time. We coordinate the term sheet so you understand exactly what you are agreeing to. And we stay involved through completion — not just at introduction.