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Friday, March 29, 2024

SM Prime opening 60th mall in Ortigas

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SM Prime, one of the leading integrated property companies in Southeast Asia, on Friday opened SM City East Ortigas, its 60th mall in the Philippines.

SM Prime said in a disclosure to the stock exchange the opening of the new mall with 80,000 square meters of gross floor area was in time for the December holiday season

“We are delighted to open SM City East Ortigas just in time for the Christmas holidays. This mall is set to redefine shopping and entertainment particularly in the eastern part of Metro Manila. Our new mall reinforce our commitment to continue expanding in the country given the economy’s strong performance,” SM Prime president Jeffrey Lim said.

SM City East Ortigas is also SM Prime’ 8th shopping mall in eastern portion of Metro Manila, following SM Megamall in Mandaluyong, SM Center Pasig, SM Marikina, SM Taytay, SM Masinag, SM Angono and SM San Mateo in Rizal province.

SM City East Ortigas is almost 80-percent leased out. The two-level mall will house SM’s flagship retail brands The SM Store and SM Supermarket and specialty stores Uniqlo, Watsons, SM Appliance Center and Ace Hardware. 

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It will also have the Cyberzone, Wellness tenants, four digital cinemas and four Director’s Club cinemas and numerous shops and dining destinations. The mall provides 650 parking slots for shoppers’ convenience.

SM Prime also opened early this year SM-Cherry Congressional with around 13,000 sqm in GFA, SM City San Jose Del Monte in Bulacan with 101,000 sqm in GFA and SM City Trece Martires in Cavite with 84,000 sqm.

SM Prime’s shopping malls will have a total GFA to 8.6 million sqm by end-2016.

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