The Development Bank of the Philippines (DBP) has issued an invitation to bid on the bank’s acquired real estate assets this Thursday, November 27. Scheduled to take place at 1:30 p.m. at two locations simultaneously, the auction may be attended at Suite 5, Executive Lounge, 12F DBP Head Office Bldg., Sen. Gil Puyat Ave., cor Makati Ave., in Makati City; and at 4F DBP Bldg., Osmeña Blvd., in Cebu City.
Located in different provinces across the country, the real estate assets in the auction include residential, commercial, and industrial properties, along with combinations of residential/industrial, residential/commercial, and residential/agricultural lots.
In northern Luzon, two parcels of adjoining industrial/residential lots with administration, warehouse, motorpool, residential, kitchen/mess buildings, fence/gate, and open pavement are up for bidding in Cordon, Isabela. Also available is a residential lot with two-storey residential, three one-story commercial, and one warehouse building in Tabuk City, Kalinga.
In Minalin, Pampanga, the bank has an asset of one agro-industrial lot with two factories, two warehouses, residential, canteen, and guardhouse buildings, a worker’s quarters, and open parking, perimeter fence and elevated water tank.
In Pangil, Laguna, one residential-industrial asset consists of a two-storey alkali-lon water bottling plant building, a warehouse, a guardhouse, a power house, and other improvements.
Down south, Cebu City offers two adjoining residential/commercial lots with a school building, swimming pool, and fence and gate up for bidding. Meanwhile, memorial lawn lots are available in Lanao del Norte and Misamis Oriental.
DBP advises interested parties and bidders to inspect the properties before the bidding date in order to evaluate their condition. Titles and tax deeds should also be determined beforehand.
Official bid forms, available at DBP branches, must be submitted to participate.