MANILA, Philippines - The Bases
Conversion and Development Authority (BCDA) has declared a failed bidding for
the tender of the Nichols property in Pasay City after only one firm submitted
a proposal for the development of the property, an official said.
“It was a failed bidding. Only one
submitted a proposal,” Dean Santiago, vice president for business development
and operations at the BCDA, said in a text message yesterday.
He declined to name the firm that
submitted the proposal to develop the property.
Earlier, he said, three firms
expressed interest to develop the 5,005 square meter (sqm) driving range lot as
well as the 5,389 sqm Nichols Loop valued at P89.59 million.
The Nichols property has been
designated for development for institutional use.
Santiago said the BCDA would set a new
date for the second auction of the property.
Apart from the Nichols property, the
BCDA is also set to bid out the 3,099 sqm Eastgate parking facility in
Bonifacio Global City (BGC) in Taguig City and the 1,224 sqm Sampaguita east
ramp lot in Fort Bonifacio.
The Eastgate property which could be
developed for institutional use is priced at P122.41 million.
The Sampaguita lot which could be developed
as a residential, commercial and institutional area is valued at P28.76
million.
Santiago said earlier that five firms
expressed interest to develop the Eastgate property, while 10 companies have
shown willingness to develop the Sampaguita lot.
The BCDA is likewise planning to bid
out in the 3rd quarter a 1,000 sqm property in BGC located beside the Everest
Academy , but no date has been set for the auction yet.
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