SM Prime opening new mall in Cavite
SM Prime Holdings Inc. said it will open to the public SM Center Imus in Cavite province on Friday, its first shopping mall launching in 2018.
SM Prime said SM Center Imus, its fifth SM mall in the bustling province, has 13,000 square meters in gross floor area.
“The opening of SM Center Imus marks another milestone for SM Prime. This mall is located right at the heart of Imus City to provide more convenience to the residents as well as guests of this historic city,” SM Prime president Jeffrey Lim said.
The new mall-destination will have anchor tenants such as SM Supermarket, SM Appliance Center, ACE Hardware, Miniso, Watsons and BDO.
SM Center Imus will open with 90 percent of space lease awarded. It will have unique features such as the Indoor Town Plaza, a venue for concert and sporting events; 24/7 tenants such as full-service clinic, pharmacy and wellness spa that are open to serve mall-goers any time of the day, seven days a week; and the Small-Medium Enterprises Popular Local Concept, where top favorite local brands will be made available for everyone’s enjoyment and satisfaction.
The new mall located along NIA Road, Barangay Bukandala in Imus is expected to boost the presence of SM brand in Cavite along with the five SM malls in Cavite province including SM City Bacoor, SM City Dasmariñas, SM City Molino, SM City Rosario and SM City Trece Martires.
SM Prime is set to open at least eight new malls this year to achieve its target of 75 malls by 2018.
Aside from SM Center Imus, SM Prime is expected to open SM City Legaspi, SM City Urdaneta, SM City Telabastagan, SM City Ormoc, SM
SM Prime earlier announced plans to issue up to P20 billion in fixed-rate bonds. The developer tapped BDO Capital and Investments C., China Bank Capital, BPI Capital Crop., First Metro Investments Corp., PNB Capital and Union Bank as joint underwriters for the offering.