By Zinnia B. Dela Pena (The Philippine
Star) | Updated September 6, 2013 - 12:00am
MANILA, Philippines - The Social
Security System (SSS) has extended the date for submission of cash bids for its
8,300-square meter property in Bonifacio Global City from September 4 to Sept.
17.
The extension was due to weather
disturbances in August that have resulted in a series of work suspensions.
Jose Bautista, SSS senior
vice-president and chairman of Acquired Assets Disposal Committee (AADC) said
the extension also had the blessing of the Social Security Commission (SSC).
Bautista said the state pension fund
needs to re-evaluate the existing bid terms to address the concerns from
bidders with respect to the required eligibility documents they submitted last
August 15.
“Upon careful review of the matters set forth
during our evaluation, the AADC also recommended to waive minor defects that do
not affect the validity of their eligibility documents. This is still, of
course, subject to the usual validation and evaluation of documents under the
bid’s terms of reference,” Bautista said.
The BGC property up for sale has
attracted seven interested bidders including local and foreign developers and
real estate consultancy companies, namely: Clark Quay Holdings, Inc., Jones
Lang Lasalle, Keyland Corp. Ayala Land, Inc., Robinsons Land Corp., Santiago
and Santiago Law Offices, and THENET Group Property Development Corp.
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Known as Block 56, the lot has a
minimum bid price of P269,894 per square meter or a total of P2.24
billion. It is located along Mckinley
Parkway and between the 10th and 11th Avenues and near Market! Market!, Bonifacio
High Street, and the newly-opened SM Aura.
The property, which is ideal for a
mixed-use development, was acquired by SSS via a dacion en pago agreement with
Bonifacio Land Corp. in exchange for payment of the latter’s P1.5 billion debt
to the state pension fund.
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