03 Dec 2021
The Power Sector Assets and Liabilities Management Corporation (PSALM) is inviting interested parties to the new round of public bidding for the sale of a large real estate property in Brgy. Lagundi, Mexico, Pampanga. The subject property, which spans 50,447 square meters, more or less, has a Minimum Bid Price of PHP741,327,000.00. The deadline for the submission of bids for the property is on 20 January 2022, 2:00 PM which will be followed immediately by the opening of the submitted bids.
The property consists of one (1) lot which is covered by a clean title. It includes warehouse structures and other land improvements. The property is suitable for commercial land development and is highly accessible via the North Luzon Expressway, Subic-Clark-Tarlac Expressway, MacArthur Highway, and Jose Abad Santos Avenue and the soon-to-be operational Manila-Clark Railway System. The new owner may redevelop the area for wholesale and retail stores, shops, and supermarkets. The property can also be utilized as site for Battery Energy Storage Systems given its close proximity to the National Grid Corporation of the Philippines Mexico Substation.
The bidding will be conducted at the PSALM’s office located at the 24th Floor, Vertis North Corporate Center 1, North Avenue, Quezon City. A virtual platform will be provided for those who cannot attend in person.
The sale of the Mexico property will be on an “as-is, where-is” basis and will require a one-time full payment from the winning bidder.
A pre-bid conference will be held on 16 December 2021 at 2:00 PM to provide an opportunity for prospective bidders to raise questions and seek clarification pertinent to the terms of the sale. Interested parties are required to pay a non-refundable participation fee in the amount of PHP100,000.00 until two (2) business days before the bid submission deadline. The Bidding Package for the Mexico property can be downloaded through the PSALM website at https://www.psalm.gov.ph.
Strategic Communications and Partnership Division |