INVITATION FOR A PUBLIC SEALED BIDDING
The Philippine National Bank (“PNB”) is inviting interested parties to bid for the sale of the following properties on a cash or installment basis, and in an “As-Is, Where-Is” arrangement:
| Item No. | Property Desciption | Location | Minimum Bid Price |
| 1 | 32,000 sqm North Harbor commercial lot and building with TCT no. 242028/29 | R-10 Blvd., Lots 1 & 2, Block 3, Manila Harbour Centre, Balut, Industrial Zone, Tondo North, Manila | PHP3,200,000,000.0 |
| 2 | 35,255 sqm and 180 sqm Las Pinas commercial lot and building with TCT no. 005-2019002089 and 005-2019002088 | Lots 1-B and 2-A, Alabang Zapote Road, Pamplona, Las Pinas CPO, Las Pinas | PHP2,600,000,000.0 |
IMPORTANT: If you are bidding for the two (2) items, please submit bid proposals and requirements in separate envelopes representing each bid.
| Schedule of Activities | Date | The sealed bids, together with the 10% deposit in the form of Manager/Cashier’s check must be submitted to the indicated address within the period of submission of bids. |
| Period of submission of bids Bid Administrator Cabrera & Company 28F, Philamlife Tower, 8767 Paseo de Roxas, 1226 Makati City, Philippines T: +63 (2) 8845 2728 E: publicbid@cabreracoph.com |
March 28 to April 19, 2022 Monday to Friday 9am to 3pm* (except holidays) * Except on deadline date when bids will only be accepted upto 9:00 AM |
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| Deadline of submission of bids | April 19, 2022, 9:00 AM | |
| Opening of bids | April 19, 2022, 9:01 AM |
Prospective bidders are enjoined to inspect the above-listed properties, including an examination on the legal status of the title prior to submitting their bids, as the sale is on an “As-Is, Where Is” basis. The winning bidder will take possession of the property only upon award subject to PNB’s approval, and the execution of the Contract to Sell / Deed of Absolute Sale, and payment of relevant charges.
This public sealed bidding is open to individuals, sole proprietorships, partnerships or corporations authorized by law to acquire properties in the Philippines. This, however, is only open to direct bidders; no brokers, agents or referrers will be entertained.
Interested bidders may secure a copy of the Terms of Reference (TOR) for the bidding of the subject properties starting on March 28, 2022 by requesting for a copy through publicbid@cabreracoph.com, and providing the following details in the email body: (1) Company name (if applicable); (2) Contact person; (3) Position; (4) Department or Group. Email subject should read: “TOR request for PNB properties”
For more information (including scheduling of site visits), please contact the Bid Administrator at publicbid@cabreracoph.com.
PNB does not assume any obligation whatsoever to compensate or indemnify any bidder for any expense that may be incurred in the bidding process.