Of the twelve firms that expressed interest in the prime 34.5-hectare JUSMAG property in Fort Bonifacio, Taguig, six submitted their respective eligibility documents on or before the January 14, 2010 deadline.

Bases Conversion and Development Authority (BCDA) vice president for business development Aileen Zosa said the six firms that submitted their respective eligibility documents to vie for BCDA’s Joint Venture Partner for the development and privatization of the JUSMAG property were: Rockwell Land Corporation, Filinvest Land Inc., Robinsons Land Corporation, Megaworld Corporation, San Miguel Properties, Inc., and Ayala Land Inc.

Ms. Zosa said that, of the 34.5-hectare area for disposition, 20.76 hectares are buildable, 2.02 hectares are reserved for recreation and open spaces, 0.62 hectares is reserved for utilities, and 11.05 hectares are reserved access lots, including the 0.97-hectare area reserved for the widening of Lawton Avenue.

She noted that the maximum allowable Gross Floor Area (GFA) for the said property is 1.383 million sq.m.

The  34.5-hectare JUSMAG property  subject of disposition is along Lawton Avenue in  Fort Bonifacio, Taguig City at the back of posh Forbes Park.  The  Minimum Value/Price for the property is  Nineteen Thousand Pesos (PhP19,000.00) per square meter. The BCDA is expected to generate at least P6.55 billion  for the said property. Proponents declared eligible by BCDA are expected to submit their final technical and financial proposals not later than March 3, 2010.