PSALM’s Paco property up for negotiated sale


PSALM’s Paco property up for negotiated sale

Catherine Talavera (The Philippine Star) – November 14, 2020 – 12:00am

MANILA, Philippines — State-run Power Sector Assets and Liabilities Management (PSALM) is seeking offers for the negotiated sale of its property in Paco, Manila.

PSALM said the minimum offer price for the project located in Isla de Provisor is P458 million.

“The financial offer of the interested party with the highest offer must be equal to or higher than the minimum offer price in order to qualify as the winning interested party,” PSALM said.

The property has eight lots and will be sold on an “as is, where is” basis.

PSALM said the offer security should be at least 10 percent of the financial offer of the interested party, and shall be in the form of cashier’s or manager’s check, stand-by letter of credit issued by any commercial or universal bank

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