Pasay City, Philippines, 2016-May-02 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the country’s largest integrated property company, is opening SM City San Jose Del Monte on April 29, 2016. This is SM Prime’s 57th mall in the Philippines and the third in the province of Bulacan – after SM City Baliwag and SM City Marilao.
This newest retail and dining destination will add 101,000 square meters (sqm) in gross floor area (GFA) to the floorplate, which will bring SM Prime’s total retail space to 7.4 million sqm, the largest footprint in the country.
“We continue to expand in the provincial areas as we remain optimistic about their huge potential for growth. The opening of SM City San Jose Del Monte in Bulacan is a testament to this strategic direction as we remain steadfast in developing premier destinations around the country,” SM Prime President Hans T. Sy said.
SM City San Jose Del Monte is strategically located along Quirino Highway in Bulacan, which is connected to the cities of Quezon and North Caloocan. San Jose Del Monte is a second-tier city with predominantly middle income households, of which, 62% have family members that are Overseas Filipino Workers (OFW). The city contributes to one of the fastest growing residential and commercial hubs in the Northern Gateway of Metro Manila, covering 59 barangays and a population of almost 500,000 based on the 2010 census.
SM City San Jose Del Monte opens with 70% of space lease-awarded occupying its three floors with retail stores, dining outlets, recreation and entertainment facilities, and service centers topped with commendable architectural design making it the newest vibrant urban hub in the north of Metro Manila. The prime spaces are allocated to local and international retail brands, well-loved food outlets and anchor tenants such as THE SM STORE, SM Supermarket, SM Appliance Center, Ace Hardware, BDO, Surplus, Watsons, and SM Cinema with four state-of-the-art cinemas giving a total of 1,026 cinema seats. A multilevel basement parking, with 912 parking slots, is also provided for mall-goers’ convenience.
By the end of 2016, SM Prime is targeting to have 61 malls in the Philippines and six in China with an estimated combined GFA of 8.6 million sqm.
SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.
###
For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. no.: +632 862 7940
###
