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AYALA
Land Inc. and three other firms continued to show
interest in acquiring the 1.2-hectare Delta Lots,
considered the “primest” in the Bonifacio Global City (BGC),
after they beat the deadline for the submission of
eligibility documents and bid price Wednesday.
Aileen
Zosa, vice president of the Bases Conversion and
Development Authority (BCDA), said the other companies
that submitted their envelopes are the Net Group, which
already has existing projects in Fort Bonifacio; the
Hart & Haring of Austria, and the Imagine Realty Corp.,
another Filipino firm.
The
Ascendas and JPKC Corp. bought the terms of reference (TOR)
for the bidding but did not submit their tenders,
automatically putting them out of the running.
Zosa
said although four companies submitted their respective
envelopes, BCDA officials are not sure yet if all are
really bent on pushing through with the bidding.
“We
don’t know yet if the envelopes contain their proposals
or just letters of withdrawal,” Zosa told the
BusinessMirror.
The BCDA
Board will decide which of them will make it to the
final bid stage on April 17.
This is
the third time the BCDA is bidding out the property,
valued at P160,000 per square meter with maximum
floor-area ratio (FAR) of 12; at some point the agency
even had to relax the TOR in hopes of avoiding another
failed bidding.
The area
in question is located on
5th Avenue,
across The Fort, and is the gateway to BGC’s
City Center.
One of
the changes made, Zosa said, was the removal of the
clause obliging the winning bidder to come up with a
standby credit line worth P1 billion, from which the
BCDA can draw should there be a need to add funding for
the construction of the Subic-Clark-Tarlac Expressway.
The BCDA
is also no longer requiring the would-be winning bidder
to come up with a performance bond.
Also, if
a consortium wins the bid, the BCDA will no longer
require a joint-and-several-liability clause.
“We are
hopeful that with the more reasonable TOR, we will now
be able to sell the lot,” she said earlier.
Zosa
said the winner that will emerge in the final bid stage
on April 17 will be chosen solely on the bid price for
the property. |
