Six firms eye SSS property in Taguig

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Six holding and real-estate consultancy firms expressed interest in participating in the sale through a public bidding of the 8,300 square meter Fort Bonifacio Global City (BGC) property of the Social Security System (SSS).

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In a statement, SSS Senior Vice President Jose Bautista, chairman of the SSS Acquired Assets Disposal Committee disclosed that the six companies that joined the pre-bidding conference included Ayala Land Inc. KeyLand Corporation, Robinsons Land, Santiago and Santiago Law Office, Jones Lang LaSalle, and Clark Quay Holdings Inc.

The SSS has opened the public bidding to both local and foreign investors to unlock the best value for Block 56, the SSS-owned property in BGC that consists of four lots. It is located along McKinley Parkway between 10th and 11th avenues near SM Aura.

“We want to be as transparent as possible in the sale of this property and at the same time get the best value for it,” Bautista said. “Thus, we are glad that several parties have expressed interest to ensure a competitive bidding,” he added.

According to Bautista, the discussion during the pre-bid conference went into taxes and technical restrictions of the sale. “We will soon be issuing a bid bulletin answering these concerns to those who purchased the terms of reference or TOR,” Bautista said.

Interested bidders can get the TOR, which outlines the requirements to apply for eligibility and participate in the public bidding until August 15, 2013.

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