There are 12 available flats, houses, land and commercial property joint venture in Victoria Island (VI), Lagos, Nigeria. The property have been listed by estate agents who can be contacted using the contact information provided for each property listing. The list can be filtered by price, furnishing and recency.
Address- Plot 1285 Akinadeshola street Victoria island Size of land - 1898.758 sqm Proposal- office and residential Value- 700m Title- C of O Premium- 10% Sharing- owner wants 3 floors or more Facilitator fee - 2.5%More details
This Joint Venture is created for the development of a Vertical City with the following proposed features:- Three Towers of 20 floors each of Ocean-view Vertical City on Oniru Waterfront adjoining the Eko Atlantic sitting on 15,750sqm of land.- 60,000sqm of development with 48,000sqm of lettable space while 12,000sqm is developed for circulation and services.- Mixed use development of Commercial, Tourism & Leisure, Business, and Residential spaces;- Basement and about 4 floors of parking; 2 floors of Commercial and business use; 2 floors of Tourism & Leisure; and 12 floors of residential spaces.Structure This Joint Venture shall be achieved under the following structure: 1. A Joint Venture of 15 (fifteen) Investment Slots. An Investment Slot is N260Million only. Minimum requirement to participate in this Joint Venture is one Investment Slot. An Investor (Joint Venture Partner) can take more than one Investment Slot. 2. This Joint Venture shall incorporate a Special Purpose Vehicle (SPV) that shall operate the JV. 3. Each Investor (Joint Venture Partner) shall contribute the value of their Investment Slots as to the JV as Equity Contribution. N26.6Million of each Investment Slot (Equity Contribution) is earmarked for Preliminaries. 4. This Investment Slot of N260Million entitles each Investor to 6.67% of the shares of the SPV. Entire Investment Sum shall be due immediately upon signing of JV Agreement and must be paid within 30 days.Note for Investors An Investor who may not be able to afford an Investment Slot may still invest in a Slot along side other investors investing together in the same Slot. That Slot does not truly become a Partner in this JV until their cumulative investment reaches the N260Million Investment value for a Slot which qualifies that Investment Slot as a JV Partner. An Investor can take more than one Investment Slot. 5. The SPV shall wholly own all assets of the JV. 6. From the Equity Contribution, the SPV shall purchase the land for the Vertical City at the purchase price of N3.5Billion. N400 Million shall be retained for disbursements for all preliminaries. 7. Investors (JV Partners) shall pay a Participation Premium of 20% of Purchase Price of the land to the Founding and Managing Partner of this Joint Venture, FMT Prime Limited. 8. Investors (JV Partners) shall receive a Return on Investment of at least 25% per annum over four years. 9. Budget for Creation of Vertical City is N22Billion (all inclusive). 10. The funding of this Joint Venture is divided into two: (A). Equity: This funds the Purchase of the 15,750sqm of land & Preliminaries (architectural & engineering drawings; Government approvals; branding; marketing; sales office; site preparation; advertising; initial engineering & structural works etc) (B). Pre-Sales: This funds construction works and other ancillary expenditure. 11. Cost of Construction shall be raised from off-plan Sales (Pre-Sales) which sums shall be warehoused in First Marina Trust Limited and shall not go into any of the pre-construction costs. 12. Facility Management of Vertical City shall be done by a company to be appointed by FMT Prime Limited.Timeline November – December 2017: Signing of JV Agreement; Set up of SPVJanuary – June 2018: a. Equity Contribution by Investors (JV Partners) b. Purchase of roughly 15,750 Sqm of waterfront land c. Preliminaries (Architectural & Engineering Drawings, Government Approvals, Tenders, Selection of Consultants, Contractors, Branding, Marketing & sales consultations, Set up of Sales Office; legalities; Soil Tests; Piling works etc) d. Pre-Sales CommencesJanuary – April 2019: a. Signing of Contract with Building Contractor b. Between 30 to 40% Mobilisation of Building Contractor (Fixed Contract Agreement)April 2019 – 2021: Pre-Sales Continues (Off-Plan Marketing & Sales), Road Shows, etc December 2021: Completion of Construction of Vertical City January 2022: Handover to Homeowners.For enquiry or want the presentation at your convenient time. You can Call or whatsapp 08055008638 or call. 08136565666More details
1413 Sqm Land for Joint Venture on Ajose Adeogun, Victoria IslandHas Lagos State Approved Building Plan for 11 Floors of High Rise StructureFacilitation Fee: 10%Premium: TBDSharing Ratio: TBDValue: TBD: Standard Valuation for the AreaMore details
1480sqm plot of land for Jv at Ajose adegun Mixed development Value 700m Premium : No Title : State CofOFor more enquiries contact Kingsley on 09081181197, 08030476559. For SafeMade properties.More details
4000sqm for JV between Diamond and GT Banks Near Shoprite Oniru.Value : N2b. No Premium.Tittle : Lag C of O.Proposals : Owner want 2 Blocks of flats on 10 floors in view.Sharing Ratio : 50:50 Facilitator fee : 5%More details
JOINT VENTURE AT BANANA ISLAND IKOYI A land measuring 4618sqm is available for JV at banana island ikoyi. Land: 4618sqm Value: 2.3bn Owner is open to new proposal Agency: 1O% Title :Fed C of O Primium ; N100m. Owner request for a premium that would be removed from his equity @ the end of the day I will send survey plan to do proposal, the owner wants construction to start on the site by march latest. It's a waterfront land overlooking onikoyi and ikoyi(ykn)More details
VIctoria Island Joint Venture A piece of land measuring 1,413m2 on Ajose Adeogun Road available for JV. Value: 1bn Proposal: There's a proposal for 12 floors (Ground floor, First floor and second Floor will be for Car Park) No Premium 5% Facilitator's Fee AladLtd JOINT VENTURE IN LASODE CRESCENT, MURI OKUNOLA , V/I 1800SQM ( CORNER PIECE) OPEN PROPOSAL, NO PREMIUM, VALUE TO BE DETERMING BY BOTH PARTIES, TITLE STATE C.OF.O. FACILITATOR FEE :10% SimLtd Land: 1,650sqm on Louis Solomon V/I. *The owner wants commercial/terraces* Sharing formula is opened Value of land: N500m No premium. Facilitators Fee: 10% Title: C of O MaxLtdMore details
1413sqm for Joint Venture at AJOSE ADEOGUN, VI.1,413sqm Location: Ajose Adeogun Road Value: N700m (subject to negotiation) Proposal: Open No Premium 5% Facilitator's Fee Sure and 100% Closable #uchMore details
Waterfront Along Water Corporation Oniru, Victoria Island Very good location Take advantage.Option to sell available.Title: C of OPrice: N3BillionCall to book for inspection Contact person: Mr. Edwin Phones: 08033389765/ 07088065449 Thanking youMore details
Victoria Island (VI) is an affluent area that encompasses a former island of the same name that sits between Lagos Island and the Lekki Peninsula in the Lagos Lagoon. It is the main business and financial centre of Lagos in Lagos State, Nigeria. Victoria Island is one of the most exclusive and expensive areas to live in Nigeria. The town and island lie within the boundaries of the Eti-Osa LGA.
Originally designated an upscale residential area, failing infrastructure and overcrowding in the old business district on Lagos Island and lax zoning enforcement in Victoria Island led to a mass migration of businesses over the last twenty-five years. Today, Victoria Island is one of Nigeria's busiest centres of banking and commerce, with most major Nigerian and international corporations headquartered on the Island.
The Island has continued to rapidly develop and along with Ikoyi, is a favourite spot for Nigerians and foreigners to live and play.