State-run Government Service Insurance
System plans to sell four real estate properties this year and rebuild its
office on a three-hectare lot in Quezon City.
GSIS president and general manager
Robert Vergara said the state pension fund would bid out some of its properties
in Metro Manila this year, including a P1.6-billion lot in Pasig City and the
former jai alai property in Manila.
The Pasig property, at the corner of
Doña Julia Vargas and Meralco Avenues in Ortigas Center, is an 18,498
square-meter lot with an appraised value of P1.6 billion as of mid-2010. It is
currently used by the Metro Manila Development Authority as an impounding area.
Meanwhile, the 6,470-square meter
former jai alai property on Taft Avenue in Manila has an appraised value of
P300 million.
The fund manager also plans to sell
the Polymedic Apartment 1 and Polymedic Apartment 2 in Mandaluyong City.
Vergara, however, said they may defer
the sale of the 2,411-square meter Philcomcen Building in Ortigas Center and
the 2,429-square meter GSIS office in Makati City.
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