7 property giants eye P10.2-billion FTI property in Taguig

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MANILA, Philippines – Seven of the country’s biggest business groups are vying for the government’s Food Terminal Inc. (FTI) property in Taguig, which is up for bidding next month for a minimum price of P10.2 billion, the Department of Finance said yesterday.

The potential bidders are the Gokongwei group’s Robinson’s Land Corp., Andrew Tan’s Empire East Land, the Ayala group’s Ayala Land Inc., the Lopezes’ Rockwell Land Corp., the Sy family’s SM Land Inc., Andrew Gotianun’s Filinvest Land Inc. and Century Properties Group Inc., owned by the family of Jose Antonio.

The seven property firms obtained the necessary documents and are expected to participate in the public bidding set on Aug. 8 for 74 hectares of the 103-hectare FTI Complex

Taken from:

http://philippinerealestatenews.blogspot.com/2012/07/7-property-giants-eye-p102-billion-fti.html

Posted by:

Jonas Montemayor
Real Estate Broker
PRC License #: 0007396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

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