Bonifacio Global City. AFP/JAY DIRECTO
MANILA, Philippines—The state-run Bases Conversion and Development Authority (BCDA) is set to bid out this month a prime 5,000 square-meter lot at the Bonifacio South area, as part of the government’s asset disposition program.
“We are optimistic and (we) expect the (Lawton Corporate Center Lot) 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 III,” explained BCDA officer-in-charge Aileen An. R. Zosa on Thursday.
The Lawton Corporate Center Lot, which is being offered for development and long term lease of 25 years to 50 years, is located along Lawton Avenue, between the National Mapping and Resource Information Authority (NAMRIA) and a high end development called McKinley West, according to Zosa’s statement.
BCDA manager for business development Arrey Perez added that they have been finalizing the Terms of Reference (TOR) for the bidding of the lot.
“We are currently finalizing the TOR and other bid documents. We plan to officially start the public bidding process by the first or second week of May. We shall be officially announcing it through an Invitation to Bid to be published in the papers,” Perez said.
“Among the possible developments that could be done in the property are commercial, retail and offices as well as business process outsourcing (BPO),” Perez said.
The BCDA is also undertaking detailed engineering plans to widen Lawton Avenue from the existing dual two lane road to a dual three lane road to address the increased traffic volume due to the developments in the area.
“This will augur well for the planned development in the Lawton Corporate Center Lot and its neighboring areas,” Zosa added.