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Bacolod City, Philippines Tuesday, August 7, 2018
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Japanese investors
eye Capitol property


Japanese investors are negotiating with the Negros Occidental provincial government to lease its newly purchased property in Talisay City for a mixed-use international village, Board Member Salvador Escalante said yesterday.

Escalante also said that, so far, there has been no Swiss Challenge to the Dynamic Builders and Construction Co. offer to lease the 6,485 square-meter Capitol property where the Provincial Administration Center is located at Gatuslao Street in Bacolod City.

If no one challenges the offer of Dynamic Builders by Friday, it will gain the right to lease the property where it plans to build a P1.7 billion mixed-use building, Escalante said.

If no challenge is made, the lease of the property can be awarded to Dynamic Builders late this month, he said.

Dynamic Builders aims to use the first two floors of the building for commercial establishments, the third floor for BPO lease, and the 4 th to 9 th floor as a hotel, Escalante said.

The firm has offered to lease the property for about P6 million a year with the amount to increase every 4 to 5 years over a 50-year period, he added.

Meanwhile, provincial government offices at the PAC, that will be demolished, will temporarily move to the second and third floors of the Philippine National Bank main branch at Lacson Street, Escalante said.

Escalante also said plans are underway for the 400,000 square-meter property in Brgy. Mansilingan, Bacolod City, and 250,000 square meters of property in Brgy. Matab-ang, Talisay, recently purchased by the provincial government.

Talks are ongoing with Japanese investors who want to lease the Talisayproperty for a mixed-use development, that will include a school, hotel and various amenities, Escalante said.

Hopefully, before Gov. Alfredo Marañon Jr.’s term ends next year, an agreement could be in place, he said.

Meanwhile, Marañon has offered the Land Transportation Office that needs more space an area on the provincial government property in Mansilingan to relocate, too.

The present site of the LTO near the Bacolod Hall of Justice could then be put to better use by the Capitol, he added.

Other national government agencies may also be offered areasto relocate in the Mansilingan property, Escalante said.*CPG


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