By Louella D. Desiderio (The
Philippine Star) | Updated May 2, 2014 - 12:00am
MANILA, Philippines - State-owned
Bases Conversion and Development Authority (BCDA) is set to bid out the lease
and development of a prime property covering 5,000 square meters (sqm) in the
Bonifacio South area in Taguig City.
BCDA executive vice president Aileen
Zosa said in a statement yesterday the property to be put to auction, the
Lawton Corporate Center Lot, is located
along Lawton Avenue and is between the National Mapping and Resource
Information Authority and McKinley West, a joint-venture project of BCDA and
Megaworld Corp.
“We are optimistic and expect this
property to draw a lot of interest from top real estate developers because of
its strategic location and proximity to various high-end commercial and
residential areas like Bonifacio Global City, McKinley, Forbes Park, and
Newport City, including the NAIA (Ninoy Aquino International Airport) III,” she
said.
She added that the plan to widen
Lawton Avenue from the existing dual two lane road to a dual three lane road to
address the increased traffic volume would augur well for the planned
development in the Lawton Corporate Center Lot.
BCDA business development manager
Arrey Perez said the firm is finalizing the Terms of Reference and other bid
documents for the property.
“We plan to officially start the
public bidding process by the first or second week of May,” he said.
He said an invitation for the bidding
of the property would be published in newspapers.
The BCDA plans to lease the property
for 25 years, renewable for another 25 years.
The property’s floor area ratio is 12
or a maximum 60,000 sqm of gross floor area.
“Among the possible developments that
could be done in the property are commercial or retail and offices or BPO
(business process outsourcing),” Perez said.
The BCDA is mandated to transform
former US military bases into alternative productive civilian use.
Since its creation in 1992 until last
year, the BCDA has generated P60.21 billion from the disposition of former
camps. Of the said amount, P25.36 billion has been remitted to the National
Treasury to support the Armed Forces of the Philippines.
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