Posted on July 17, 2012 11:36:41 PM [
BusinessWorld Online ]
According to an invitation notice
posted on its Web site yesterday, the state agency will auction off the:
• 3,099-square meter Eastgate Parking
Facility along 14th Drive, Bonifacio Global City (BGC);
• 1,244-square meter Sampaguita East
Ramp Lot along C-5 Road, Taguig City; and
• 5,005.13-square meter old Nichols
Driving Range and the 5,389.00-square meter Nichols Loop along South Luzon
Expressway, Pasay City.
The Eastgate property, which has a
minimum bid price of P122.41 million, is located near BGC’s Manila Electric Co.
substation and is envisioned to be a parking facility with retail spaces.
The Sampaguita property, which comes
with a minimum price of P28.76 million, lies across Market! Market! mall and is
expected to be a mixed-use complex.
The Nichols properties have a joint
floor price tag of P89.59 million and are located near the Sales Interchange
and Villamor Air Base. Institutional developments such as schools, hospitals
and government offices are envisioned there, BCDA said.
“All these properties are vacant, with
no structures or informal settlers,” Nena D. Radoc, BCDA asset disposition
program-3 committee chairman, said in a telephone interview yesterday.
The properties’ terms of references
will be made available from today until July 31, with pre-bid conferences to be
held on July 30 for the Nichols properties, July 31 for the Eastgate property,
and Aug. 1 for the Sampaguita property, the notice read.
JUST RIGHT
BCDA said it is confident that these
properties will be sold due to their strategic locations and size.
“For one, these properties are located
in highly developed areas, and one of the fastest-growing areas in Metro
Manila,” Ms. Radoc said.
The Nichols properties are located
near the Ninoy Aquino International Airport and Newport City, home to Resorts
World Manila, the country’s first privately run casino resort complex, while
Sampaguita and Eastgate properties are located near or within BGC, one of the
country’s premier commercial and business districts.
“Secondly, their sizes [are] not
really that huge... are not ‘unreachable’ in terms of price, and in terms of
potential for the purpose they were intended,” Ms. Radoc added.
She said a number of companies had
already signified their interest in the properties, though she declined to
identify them.
BCDA, which was formed in 1992, is
engaged in public-private partnerships involving public infrastructure and real
estate, having developed former US military base lands and Metro Manila camps
into economic and investment locations, according to the agency’s Web site.
In addition to BCDA-administered zones
in Taguig and Pasay cities, the agency is also developing other areas in
Pampanga, Baguio City, La Union, and Bataan, and is set to develop the Diosdado
Macapagal International Airport in Clark, Pampanga.
Earlier this year, BCDA said it
expects to double its full-year revenues to approximately P4 billion on the
sale of prime government-owned properties. -- Franz Jonathan G. de la Fuente
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