By Louella D.
Desiderio (The Philippine Star) | Updated December 19, 2012 - 12:00am
MANILA,
Philippines - The Bases Conversion and Development Authority (BCDA) has awarded
the development of the driving range lot and Nichols property in Pasay City to
businessman Simon Paz.
“We awarded
it (development of driving range lot and Nichols property) to Simon Paz last
week,” Nena Radoc, BCDA vice president and chief finance officer, said in an
interview.
She said
Paz’s offer of P92 million for the development of the 5,005 square meter (sqm)
driving range lot and 5,389 sqm Nichols loop was higher than the P89.59 million
floor price.
The BCDA
received two proposals for the development of the assets.
The driving
range lot and Nichols property have been designated for institutional use.
Paz is the
president and chief executive officer of Expedition Construction Corp., a firm
engaged in construction and real estate.
Apart from
the development of the driving range lot and Nichols property, Paz has also
been declared the winning bidder for two other properties in Taguig City put to
auction by the BCDA earlier.
The first
property is the 3,099 sqm Eastgate parking facility.
Paz offered
P190.76 million for the Eastgate parking facility, 56 percent higher than the
P122.41 million floor price, and more than two other proposals submitted to
develop the property.
The Eastgate
parking facility is suitable for institutional use.
Paz will also
be developing the 1,224 sqm Sampaguita East Ramp lot after offering P47.55
million, 65 percent above the P28.76 million minimum bid price and beating
other bidders.
The Sampaguita
East Ramp lot is suitable for residential, commercial and institutional use.
For next
year, the BCDA is set to conduct the bidding for the 33.1-hectare Bonifacio
South Pointe in Taguig City.
The property,
which is located along Lawton Ave. is occupied by the Army Support Command and
Special Services Unit of the Philippine Army, the Bonifacio Naval Station and the Philippine Marine Corps
of the Philippine Navy.
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