1601, Adeola Hopewell Street, Westminster Building, Victoria Island, Lagos state.

Joint Venture


A real estate joint venture (JV) is usually a deal between multiple parties to work together and compile resources to develop a real estate project. Most large projects are financed and developed as a result of real estate joint ventures. JVs allow real estate developers (individuals with land and looking to develop it) to work with real estate capital providers (entities that can supply capital for a real estate project).


Most real estate joint ventures are comprised of two separate parties: the land rich and the cash rich member. The cash rich member usually provides expertise on real estate projects and is responsible for the daily operations and management of the real estate project. A typical cash rich member is usually a highly experienced professional from the real estate industry with the ability to source, acquire, manage, and develop a real estate project. And they usually finance a large part of the project or even the entire project.

In a Real Estate Joint Venture, each member is liable for profits and losses relating to the joint venture. However, this liability only extends as far as the particular project that the joint venture was created for. Aside from this, the joint venture is separate from the members’ other business interests.

LCEM is fully involved in Joint Ventures , and we play a crucial role in the development and financing of large real estate projects.