By Jenniffer B. Austria | Nov. 25,
2013 at 12:03am [ manilastandardtoday.com ]
State-run pension fund Social Security
System plans to sell three prime properties, including its headquarters in
Makati City and a four-hectare complex in Quezon City, following the successful
sale of a lot in Bonifacio Global City.
SSS president and chief executive
Emilio de Quiros said in an interview the fund would also hold an auction for
the lease of Hong Kong Plaza, located near Pagcor’s Entertainment City and SM
Mall of Asia in Parañaque City.
“We will probably announce a bidding
for possible lease of the project. We are looking at 10- to 20-year lease
because the area is going to experience an increase in value given the
developments in the area,” De Quiros said.
De Quiros said the three properties
under evaluation for possible sale included another lot in Bonifacio Global
City, the four-hectare lot along East Avenue in Quezon City and its head office
along Herrera St. in Makati City.
He said the fund had received several
inquiries about the Quezon City property, a prime complex located near several
township developments within the area.
“We are evaluating all properties to
see if we can..either sell or [form] possible joint venture,” De Quiros said.
SSS awarded an 8,300-square meter lot
in Bonifacio Global City to Filipino-owned Clark Quay Holdings Inc. in October.
Clark Quay submitted a bid of P2.33
billion for SSS’ Block 56 property, which is comprised of four parcels of land.
The lot is suited for a mixed-use commercial and residential land development.
The BGC property attracted seven
companies which bought terms of reference in July, including Clark Quay, Net
Group, Ayala Land Inc., Robinsons Land Corp., Jones Lang LaSalle, KeyLand Corp.
and Santiago and Santiago Law Office.
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