April 23, 2014 7:56 PM ET

Real Estate Management and Development

Company Overview of Food Terminal Inc.

Company Overview

Food Terminal Inc. provides prime industrial and commercial sites for medium to long-term leases, industrial buildings for offices or small-scale processing operations, and complete food storage, warehousing and processing facilities serving food producers, exporters, manufacturers and other sectors in the food industry. Food Terminal Inc. was founded in 1968 and is based in Taguig, Philippines.

Taguig,  

Philippines

Founded in 1968

Key Executives for Food Terminal Inc.

Food Terminal Inc. does not have any Key Executives recorded.

Food Terminal Inc. Key Developments

Food Terminal Privatization Update

The Philippines government is looking to privatize a Food Terminal Inc. for at least PHP 10.2 billion. The interested parties have until July 18, 2012 to submit their Letter of Interest with a participation fee of PHP 250,000, according to the bid documents. The qualified parties may conduct due diligence on the 103-hectare property from July 5, 2012 to August 6, 2012. The bids shall be submitted and opened on August 8, 2012. The government will retain the rest of the property for various purposes.

Food Terminal To Be Privatized

The government of Philippine intends to put Food Terminal Inc. (FTI) for the auction block again in June 2012, along with the 74 hectares of the 103 - hectare industrial complex in Taguig City, the Privatization Management Office (PMO) said in a statement. PMO will publish the invitation to bid next week, detailing pre-qualification requirements and the minimum target selling price, the statement read. "Everyone is invited to bid for the parcel. This is a straightforward property sale," the statement quoted PMO’s Chief Privatization Officer, Karen G. Singson as saying. The remaining 29 hectares of the complex will be retained by the government. "The government will study its options for the non-privatized special economic zone area located within the FTI complex, including the utilization of the same by the Department of Agriculture for food- sufficiency projects," Singson explained. The proceeds from the sale will also be channeled to Comprehensive Agrarian Reform Program initiatives, she added.

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