4800 sqm Apartment at Glover Road, Ikoyi, Lagos

JOINT VENTURE DEVELOPMENT OPPORTUNITY

CORNER PIECE – THOMPSON & GLOVER ROAD, OLD IKOYI

Location: Corner piece between Thompson Road and Glover Road, Old Ikoyi, Lagos
Land Size: Approximately 4,800 sqm
Land Value: ₦4,500,000 per sqm
Premium: Nil
Title: To be provided for review

DEVELOPMENT PROPOSAL

The landowner is seeking a reputable and financially capable developer for a premium luxury residential development comprising:

- 15 floors and above high-rise development
- Luxury 3-bedroom apartments, each with Boys' Quarters (BQ)
- Exclusive penthouses with 2 or 3 BQs
- High-end architectural design and premium specifications suitable for the Old Ikoyi luxury residential market
- Final development concept, unit mix and building configuration to be subject to feasibility studies and necessary planning approvals.

DEVELOPER'S REQUIREMENTS

Interested and qualified developers are required to submit the following for consideration:

1. Letter of Intent (LOI) – formally expressing interest in the proposed Joint Venture.
2. Company Profile – including relevant experience, completed projects and development capacity.
3. Facilitator's Fee Letter – confirming a 10% facilitator's fee applicable to the transaction.