LAGOS HORIZON DEVELOPMENT
Residential, commercial and professional real estate complex. Indicative location: Lagos State, Nigeria. Planned site: approximately 3 hectares. Indicative built area: 22,000 m². Construction period: 30 to 36 months. Projected budget: ₦18.5 billion. Financing sought: ₦15 billion.
Project description
Project concept
LAGOS HORIZON DEVELOPMENT would be a modern real estate complex designed to create a new hub for living, retail and business.
The project would comprise:
Residence
- 120 apartments: studios, one-, two- and three-bedroom apartments and premium apartments
- Swimming pool, gym and children’s area
- Gardens and community spaces
- 24/7 security and secure parking
Shopping centre
Approximately 6,000 m² dedicated to retail:
- Supermarket, mini-market and specialist stores
- Restaurants, cafés and food courts
- Pharmacies, fashion boutiques and electronics
- Banks, beauty salons and professional services
Business centre
Approximately 4,000 m²:
- Offices and coworking
- Meeting rooms and conference centre
- Professional practices
- Space for SMEs and offices for international companies
Technical features
The complex would be designed with:
- Contemporary architecture, glazed façades and materials suited to the tropical climate
- Air conditioning and ventilation
- Backup power supply, generator and complementary solar system
- Water tanks, water treatment and drainage
- Fire protection system and smoke detectors
- Video surveillance, access control and lifts
- Parking, exterior lighting, green spaces and waste management
Risk level: 5/5 — Very high
Very high risk, which may result in the total loss of the capital invested. Scale from 1 (lowest risk) to 5 (highest risk).
Participation conditions
The project may seek:
- Lead investor: ₦5–15 billion
- Strategic partner: ₦1–5 billion
- Joint venture: amount negotiable
Before any investment, the investor must be able to review: land title, company documents, plans, permits, market study, budget, financial projections, construction quotes, environmental study, contracts, guarantees and legal structure.
Applicable fees
Projected budget by category
- Land: ₦2.5 billion
- Studies: ₦350 million
- Architecture and engineering: ₦700 million
- Construction: ₦9.3 billion
- Infrastructure: ₦1.55 billion
- Permits and planning: ₦350 million
- Legal and professional: ₦300 million
- Financing: ₦700 million
- Marketing: ₦250 million
- Contingency: ₦2.05 billion
- Taxes and other charges: to be determined according to the structure
- Project total: approximately ₦18.5 billion
Legal and financial documents
No documents published yet.