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Bidding of 33-hectare Bonifacio property up

By Julito G. Rada | Posted on Nov. 27, 2012 at 12:01am |
[ manilastandardtoday.com ]
State-owned Bases Conversion and Development Authority said Monday it is finalizing the terms of reference for the open bidding of a 33-hectare property in Taguig City.
BCDA executive vice president Aileen Zosa said the agency was preparing for the bidding of the large property early next year.
“[The terms of reference] is still being finalized,” she said, adding that the bidding might start soon.
Several real estate developers have expressed interest in the property after the government rejected the proposal of SM Land to develop the property for P20 billion.
Filinvest Land Inc. of the Gotianun family recently expressed interest to join the bidding, saying it was expecting the terms to be finished soon.
“We are looking into it…. we have to see the terms of reference for the bidding,” Josephine Gotianun-Yap,  president and chief executive of Filinvest Alabang Inc., a unit of Filinvest Land Inc., said in a chance interview.
Other firms that earlier expressed interest in the project were Ayala Land Inc., consultancy firm Jones Lang LaSalle-Leechiu, Megaworld Corp., Robinsons Land Corp. and Rockwell Land Corp.
SM Land submitted an unsolicited bid to develop the 33.1-hectare BNS/PMC/Ascom/SSU property for P20 billion.  However, the BCDA, complying with a directive from MalacaƱang, opted to go for an open competitive bidding.
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