Real Estate

The international real estate market continues to evolve and does so against a backdrop of continued economic uncertainty and a lack of available debt. This evolution has brought with it a focus on alternative sources of funding and an increase in joint venture initiatives and cross border transactions. Our real estate lawyers provide bespoke solutions to our clients needs.

As one of the largest real estate practices in Nigeria, OOLLP’s Real Estate team of attorneys helped clients successfully close more than $10 billion in transactions in over the past few years, including some of the largest, most notable transactions in commercial real estate.

On-going and recently completed Transactions

  • Structured finance for Real Estate Development valued US$125 million;

  • Financing package for development of commercial Real Property valued at US$170 million;

  • Transaction solicitors in the acquisition of over 40 (forty) hectares of land at Eko Atlantic City, Lagos for the development of the proposed Eko Energy City valued at over $400 million;

  • Advisers to the developer of one of the largest property developments in Nigeria covering 145 hectares for the acquisition, development, financing, construction of a residential estate valued at over $1 billion;

  • Transaction counsel in respect of the financing, development and construction of a commercial property valued at over $160 million;

  • Purchaser’s Adviser for the acquisition of head office complex and nationwide branches of a Nigerian company valued at over $500 million;

  • Legal advisers to an African regional entity in the acquisition and transfer of title to a significant building development in Victoria Island, Lagos. This transaction involved serious complexities resulting in significant cost savings for the client, valued at over $500 million;

  • Successfully defending the corporate owner of approximately 1,500,000 square metres of prime property in Lagos State, valued at over $1 billion, against all disputes regarding title, ownership and legal challenges to government revocation pertaining to that development (Dispute Resolution);

  • Purchaser’s Adviser on the acquisition of 26 hectares of land for Industrial Development in the Lekki Free Zone and Ibeju-Lekki, Lagos valued at over $200 million;