Property developer SM Prime Holdings Inc. said it will open on Friday its first shopping mall in Camarines Norte province.
SM Prime said in a disclosure to the stock exchange SM City Daet would be the group’s third mall in the Bicol Region and add 47,000 square meters of gross floor area in its mall portfolio.
“The opening of SM City Daet marks another milestone for SM Prime as we continue to weather the impact of the COVID-19 pandemic. We hope that the opening of this mall, with safety protocols in place, will provide convenience, comfort and entertainment to our fellow Bicolanos in Camarines Norte,” SM Prime president and chief executive Jeffrey Lim said.
Situated along the bustling Vinzons Ave. in Barangay Lag-on, SM City Daet will have three levels of shopping, dining and entertainment destinations that are set to bring new flavors and colors in the Bicol Region.
SM City Daet will open with more than 70 percent of space-lease awarded and will house local and international brands including anchor tenants from SM Retail group such as SM Store, SM Supermarket, SM Appliance, Sports Central, Watsons, SurPlus, Ace Hardware and BDO.