By MST Business | Posted 4 hours ago |
manilastandardtoday.com
The 8,300-square meter property of pension
fund Social Security System in Fort Bonifacio, Global City has received an
offer of P2.33 billion from a private corporation.
A source identified the company as
Clark Quay Holdings Inc., a Filipino entity, which was one of the two eligible
companies that participated in the public bidding for the SSS property on Sept.
17.
Clark Quay submitted the highest
tender for the property consisting of four parcels of land located south of
Bonifacio.
Clark Quay’s offer is P90 million more
than the P2.24- billion minimum bid price set by the government.
The other eligible bidder, Net Group,
did not submit a cash bid as required by the bidding rules, the source said.
Instead, the company offered to negotiate for the amount it would pay for the
property.
Seven companies originally expressed
interest in the property, with four submitting the required eligibility
documents, namely Clark Quay, Keyland Corp., Robinsons Land Corp. and the Net
Group.
Upon review of the pre-qualification
documents, however, Robinsons Land and Keyland were disqualified, leaving just
two eligible bidders, Clark Quay and the Net Group.
The property is located at South
Bonifacio. Based on the master plan and guidelines issued by Fort Bonifacio
Development Corp., the property is suited for a mixed-use commercial and
residential land development.
The SSS has not formally announced the
results of the public bidding for the property.
The SSS opened the public bidding to
both local and foreign investors to unlock the best value for Block 56, the
SSS-owned property consisting of four lots located along McKinley Parkway
between 10th and 11th avenues near SM Aura.
“We want to be as transparent as
possible in the sale of this property and at the same time get the best value
for it,” SSS senior vice president Jose
Bautista, chairman of the SSS acquired assets disposal committee, earlier said.
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