Proposed Condominium Development in Ikoyi

Proposed Condominium Development in Ikoyi B2MASTER 11:15 pm

Project Info

Client Private Property Developer
Skills Transaction Advisory | 2019

Project Description

Project Description

Skyvilla by Grenadines is a 10-storey low-rise tower offering 24 units of four-bedroom Condominiums. Sizes range from 343sqm to 425sqm with spectacular views of the prestigious Probyn Road, Ikoyi, Lagos.

A unit of Skyvilla is a luxury home that sits on three floors with four bedrooms and two additional bedrooms as BQ (all rooms en-suite).

Action Taken

Brickstone was contracted to:

  • Market survey of the Lagos State residential real estate market for data collection narrowed down to Ikoyi – Victoria Island luxury real estate market.
  • Price the project’s Bill of Quantities to ascertain the Total Development Cost.
  • Recommend appropriate transaction modalities and structuring and executing fund raising for the project.
  • Develop a Comprehensive Financial Model to communicate the financial viability of the project to investors.
  • Develop an Information Memorandum and Business Plan that would communicate succinctly the value proposition of the project to investors

Services includes the following