Corporate News

By Chrisee J. V. Dela Paz, Reporter

BCDA seeks bids for 9 prime lots in Bonifacio Global City, C-5

Posted on January 20, 2015

STATE-run Bases Conversion and Development Authority (BCDA) is selling P115-million worth of prime lots along C-5 Road and Bonifacio Global City and yesterday published a bid bulletin seeking offers from investors.

The properties would be sold on an “as is, where is” basis, which means that the winning bidder for each lot will get everything that comes with the property, at its present condition.

Through the bid notice, BCDA has opened the floor for prospective bidders to participate in the auction of nine prime lots: a 165-square-meter (sq.m.) lot in Kalayaan Villa, Bonifacio Global City; a 225-sq.m.

lot in Summit Housing also within the upscale center; and seven prime lots along east of C-5 road with lot sizes of 96 sq.m. to 4,040 sq.m.

The properties will not be bid out as one bundle so “an interested bidder may opt to bid for any or all of the properties,” the BCDA said.

Interested groups may buy the terms of reference for each lot at the BCDA headquarters in Bonifacio Global City until Feb. 11 for a non-refundable fee of P10,000 each.

The BCDA has set a pre-bid conference for Jan. 23 at its headquarters in Bonifacio Global City.

The BCDA was created by Republic Act 7227 to convert former US military bases.

The state-run agency also engages in public-private partnership infrastructure deals such as tollways, airports, seaports, as well as major real estate developments.

Since it was established in 1992, the BCDA has earned P62.78 billion from the disposition of former Metro Manila camps, its Web site showed.