Posted on 05:58 PM, January 15, 2010 [ BusinessWorld Online ]
THE LIST of firms looking to bid for the development of a 34.5-hectare lot in Fort Bonifacio has been trimmed to six from the initial 12, the Bases and Conversion Development Authority said in a statement Friday.
Rockwell Land Corp. and five listed firms -- Filinvest Land, Inc., Robinsons Land Corp., Megaworld Corp., San Miguel Properties, Inc., and Ayala Land Inc. -- moved forward in the bidding process, having submitted eligibility documents by the Jan. 15 deadline, the BCDA said.
All six firms already have developments in the area.
Ayala Land, Megaworld, and Robinsons Land had said this particular lot, a portion of the military owned JUSMAG (Joint United States Military Advisory Group) land on Lawton Avenue), would complement their property portfolios.
Century City Development Corp., IPM Realty Land Development Corp., JTKC Land, Inc., Jones Lang La Salle Leechiu, Nuvoland, and the Rufino group did not proceed with the auction.
Out of the 34.5 hectares, only 20.76 hectares can be used as the rest must be reserved for open spaces, infrastructure for utilities, and a planned widening of Lawton Avenue, the BCDA said.
The state agency reiterated the lot’s floor price: P19,000 per square meter or a total of P6.55 billion.
Firms have up to March 3 to submit their proposals.
Ayala Land shares on Friday dipped by 4.3% to P11.25 apiece. Megaworld was down by 1.4% to P1.40 per share. Robinsons Land rose by 1.9% to P13.50 apiece.
Filinvest share prices were unchanged at P0.93 apiece and so were San Miguel Properties’, which remained at its Feb. 8, 2007 price of P38.50 apiece. -- Jessica Anne D. Hermosa
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