3,900sqm Joint Venture (JV) Glover Old Ikoyi

* the last trophy asset in old ikoyi: 3,900sqm glover road jv | approved 17-storey | julius berger piled | ₦20.28bn land value | ₦2.028bn facilitator fee | 10% net * *investor summary:* *location:* glover road, by thompson traffic light, old ikoyi, lagos *size:* 3,900 sqm | 80m x 50m | ∼4,000m2 approx *title:* bankable lagos certificate of occupancy c of o *land value:* ₦5.2m per sqm = *₦20.28bn* *high-value deal highlights:* *de-risked & shovel ready*: existing approved plan for 17-floor high-rise *capex saved*: julius berger piling completed. cost refundable per terms *time arbitrage*: skip 18 months approvals. go straight to superstructure *location scarcity*: old ikoyi. zero new land supply. premium trophy address *bankable exit*: new builds in ikoyi sell mole real estate jvdevelop