MANILA, Philippines - Top property
developers Robinsons Land Corp., Empire East Land & Holdings Inc. and
Century Properties Group remain interested in bidding for the 103-hectare Food
Terminal Inc. property in Taguig City, which is among the big-ticket items that
will be privatized by the Aquino administration this year.
In separate text messages, RLC,
Century Properties and Empire East confirmed their interest in vying for one of
the biggest industrial complexes in Metro Manila.
“Yes, definitely. We have always
expressed our interest in it since the beginning,” said RLC president Frederick
D. Go.
Century Properties chairman and
founder Jose E.B. Antonio said: We earlier gave an unsolicited proposal. We’ll
revisit it once we see the terms of reference.”
Empire East president Anthony
Charlemagne C. Yu said the company remains open to bidding for the property,
which is suitable for mixed-use development. “We’re waiting for guidelines and
terms of reference to be released,” he said.
The Aquino government has put the FTI
property back on the auction block after three failed biddings and three years
of delay.
The government will release this week
the invitation to bid which will include the parameters of sale such as the
minimum target selling price and pre-qualified requirements. The transaction
would be in cash payment.
Other major property developers like
Ayala Land, SM Group and Filinvest Land have expessed interest in the FTI land,
which is home to more than 300 companies.
The FTI property provides industrial
and commercial lots for medium-to-long-term leases and industrial buildings
with standard-sized stalls for office, warehouse or small scale processing
operations.
Of the 103-hectare property, the
government will bid out 74 hectares. The government will retain the rest of the
property for various purposes.
________________________________________________________________
