DEADLINE: 1ST MAY, 2021
FOREMOST PROPERTY DEVELOPMENT AND MANAGEMENT COMPANY IN NIGERIA
REQUEST FOR EXPRESSION OF INTEREST FOR REAL ESTATE DEVELOPMENT

A foremost property development and management company in Nigeria with several real estate assets spread across the country, Is seeking Real Estate Developers With credible track record for raising cost-efficient development finance to partner in the redevelopment and refurbishment of four (4) of her prime properties located in Lagos State, and Ibadan, Oyo State.

Prospective developers are hereby invited to submit expression of interests (EOI) in any one or more of the following listed properties:

PROPERTY 1
Current Use: Office/Commercial
Location: Marina, Lagos

  • The property is a 21-storey office complex in the Lagos Island Central Business District (CBD) sitting on approximately 883m2 area of land.
  • The building has a total of 5,430m2 of lettable space and an internal parking space to accommodate about 70 cars.
  • The building affords its occupants a clear view of the Marina, directly opposite the Lagos Lagoon and the proposed CMS Train Terminal.
  • The Company has a freehold lease to the property & a renovation permit from Lagos State Government.
  • The building would be the equity contribution by the Company and the potential
  • developer is expected to match this value in refurbishing the building (to the tune of about N2.5 billion)

PROPERTY 2
Current Use: Retail.
Location: Surulere, Lagos

  • The second project is the redevelopment of a shopping plaza located on a major road at Surulere, Lagos on a land size of 4,484m2 in good proximity to a high-density middle-income residential community.
  • The redevelopment seeks to create a modern edifice with shopping, office and leisure spaces for lease and sales.
  • The land and funds to the tune of 559% of gross developmental cost would serve as equity contribution from the company and the potential developer is expected to match this value in redevelopment (to the tune of about N1.5 billion)
  • Interested developers should send a mail with the title “Surulere Plaza Redevelopment” to refurbishmentandredevelopment@gmail.com with documents listed below on or before 1st May 2021 for inspection and RFP requirements.

PROPERTY 3
Current Use: Commercial.
Location: Ibadan

  • The third property sits on 1,105m2 of land and is located at Queen Cinema junction, off Fajuyi Road, Ibadan.
  • The property adjourns Oketedo Road and its location affords good access to Adamasingba (Lekan Salami) Stadium, Dugbe Alawo Market, Cocoa House, and the Ring Road axis.
  • The redevelopment seeks to create a modern edifice with shopping and office complex for lease.
  • The land and funds to the tune of 559% of gross developmental cost would serve as equity contribution from the company and the potential developer is expected to match this value in redevelopment (to the tune of about Nso0 million)

Interested developers should send a mail with the title “Queen Cinema Property Redevelopment” to refurbishmentandredevelopment@gmail.com with documents listed below on or before 1st May 2021 for inspection and RFP requirements

PROPERTY 4
Current Use: Commercial.
Location: lbadan

  • The fourth property sits on 1,861m2 of land and is located on Fagbohun Road, Ibadan
  • The redevelopment seeks to create a modern edifice with shopping and office complex for
  • lease.
  • The land and funds to the tune of 559% of gross developmental cost would serve as equity contribution from the company and the potential developer is expected to match this value in redevelopment (To the tune of about N500 million)

Interested developers should send a mail with the title “Fagbohun Property Redevelopment” to refurbishmentandredevelopment@gmail.com with documents listed below on or before 1st May 2021 for inspection and RFP requirements.

GENERAL INSTRUCTIONS
The following documents should be attached to the email for consideration.

  • Company Profile
  • CAC Certificate of Incorporation
  • Particulars of the Directors
  • List of Key Personnel & Resources
  • List of relevant developments undertaken.
  • Credible evidence of funds or ability to raise finance

Please note that all submissions made are confidential and primarily meant fora pre-qualification stage for the selection of developers towards the Request for Proposals.

The selection criteria would be based strictly on Evidence of Financial capability and credible track record of efficient development finance raise, Relevant Development Experience, Key Resource Persons and Registration with relevant Government & Professional agencies.

Only shortlisted developers/development financiers will be contacted for the 2nd and final Bidding stage.

For enquiries and clarifications, contact
The Project Coordinator on +234(0)803 869 2265.

Banner