Joint Venture (JV) Opportunities.
Wemabod Limited is one of Nigeria’s leading Real estate firms offering Services in Property Development and Management. She is a Real Estate Firm looking to be the flagship real estate solution provider in her chosen segment by delivering exceptional service and profitability.
Wemabod Limited, through Joint Venture relationships, is seeking to expand its reach and its portfolio by going into partnership with chambers of commerce and industry, individuals, companies, and allied organizations.
JV opportunities will benefit potential partners as Wemabod possesses specialist knowledge of the Nigerian Real Estate market gleaned over the years of doing business in that sector.
We also hope that a JV arrangement will ensure access to the optimum use of the market reach and customer base of Wemabod Limited as well as leveraging on the goodwill and credibility of the Wemabod brand to attract prospects. We hope to achieve geometric growth in JV with partners with the potential possibility of creating off-balance sheet engagements. This will lead to creating an entity stronger than an individual business through technological transfer, access to efficient funding, and expert knowledge.
Based on current occupancy ratios, Wemabod sees considerable opportunities in real estate asset redevelopment aimed at improving asset quality and increasing shareholders’ wealth.
Wemabod Limited is seeking Joint Venture (JV) Partners for the under listed sites:
Property: 56 Marina Lagos
Title: Freehold
Size: 2,736.4sqm
Description of Property: Land situated between the popular Marina and Broad Street with access to both major roads. Primely located within the vicinity of the head offices of major banks such as UBA and Wema Bank and directly opposite the Marina Car Park, it is available for development.
Proposition: Wemabod is interested in joint development.
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Property: 61 Broad Street
Title: Freehold
Size: 225.506 sqm
Description of Property: The land is situated along the popular Broad Street in the Lagos Island Central Business District. It is currently bare and suitable for a commercial/ office complex.
Proposition: Wemabod is interested in Joint Redevelopment.
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Property: Unity House
Title: Freehold
Size: 820Sqm
Description of Property: A purpose-built office block on 21 floors. Located at the corner piece of Marina and Custom Street about 100m from both the Central Bank and the Nigeria Stock Exchange Building, the property is ideal for smart office spaces, a rooftop restaurant, and a supermarket.
Proposition: Wemabod is interested in the refurbishment of the property as a first option and long lease.
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Property: Development House, 21 Wharf Road, Apapa
Title: Leasehold with 23 years unexpired interest
Size: 7,998 sqm
Description of Property: A purpose-built office complex on 10 floors with ample space for the construction of a warehouse and vehicular parking at the rear side. The property is ideal for an office complex with a restaurant and nightclub or bonded warehouse.
Proposition: Wemabod is interested in a long lease of the property.