Pasay—(PHStocks)—SM Prime Holdings Inc. (PSE: SMPH), one of the leading integrated property companies in Southeast Asia, opens its newest mall, SM City East Ortigas, on December 02, 2016. This latest destination adds more than 80,000 square meters (sqm) in gross floor area (GFA) and is suited to offer a fresher and more colorful vibe in the eastern part of Metro Manila.
“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 C. Lim said.
SM City East Ortigas joins SM Prime’s roster of malls in the eastern portion of Metro Manila such as SM Megamall in Mandaluyong, SM Center Pasig and SM Marikina. There are SM Taytay, SM Masinag, SM Angono and SM San Mateo in Rizal Province, all of which reflect the growth and progress in these areas.
SM City East Ortigas will open with almost 80% of its space leased out. The two-level mall will house SM’s flagship retail brands The SM STORE and SM Supermarket; and its specialty stores such as Uniqlo, Watsons, SM Appliance Center, and Ace Hardware. It will also have the Cyberzone, Wellness tenants, four digital cinemas and four Director’s Club cinemas, as well as numerous well-loved shops, and must-try dining destinations. The mall provides 650 parking slots for shoppers’ convenience.
SM Prime opened SM-Cherry Congressional last November 25 in Quezon City with around 13,000 sqm in GFA, as well as SM City San Jose Del Monte in Bulacan last April with 101,000 sqm in GFA and SM City Trece Martires in Cavite last May 2016 with 84,000 sqm in GFA. With SM City East Ortigas, the Company now has 60 malls in the Philippines, 22 of which are in Metro Manila, 29 in Luzon outside of Metro Manila, five in the Visayas and four in Mindanao. SM Prime also has six malls in China. This brings the combined GFA to 8.6 million sqm.
SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities that enrich the quality of life of millions.