SM Seaside City Cebu recognized by the Urban Land Institute Philippines Building Healthy Places Awards in the Commercial-Retail category

Taguig City, Philippines, 2016-Jul-26 — /EPR Retail News/ — SM Prime’s SM Seaside City Cebu was recognized by the Urban Land Institute (ULI) Philippines Building Healthy Places Awards in the Commercial-Retail category, last July 14.

ULI Philippines’ Building Healthy Places Awards recognize outstanding and innovative projects that add value to the community, promote healthy life choices, and enhance the environment.

The entries were evaluated based on ULI’s ten principles for building healthy places: Putting people first; Empowering champions for health; Energizing shared spaces; Making healthy choices easy; Ensuring equitable access; Mixing it up; Embracing unique character; Promoting access to healthy food; Making it active; and Recognizing the economic value.

SM Seaside City Cebu is the center of a future 30-hectare mixed-use master plan which will hold office, residential, and hospitality components. It provides not only convenient retail, food and beverage outlets, services, and leisure activities, but also public transport access, outdoor roof-gardens, and a green inner courtyard in which social and communal activities can take place.

The mall holds outlets for several physical and leisure activities, such as fitness centers, bowling-lanes and ice-skating. It also contains medical clinics, health-food outlets, drug-stores and spas. Outdoor playgrounds and water-playgrounds in the roof-garden provide physical outlets for kids, while a perimeter jogging path allows visitors, workers, and residents to stay fit. Aside from the mall’s content, its architecture aim to promote human interaction in the mall, which is considered critical to its success. SM Seaside City Cebu is not just a place to shop; it is designed to be the social hub of the local community, and the architecture aims to reflect this role, with its grand entrances, central courtyard, and sweeping gardens.

SM Seaside City Cebu also adopts various environmental measures, such as district cooling, rain-water harvesting, grey-water recycling, and solar-power farms. Protection against storm surges is provided by elevating the site approximately 7.5m above mean sea level, thereby allowing the mall to be a refuge in times of flooding. The roof-gardens provide heat insulation, while the interiors are flooded with daylight through extensive skylights and window-walls, thereby saving on energy consumption while creating a natural, relaxed environment.

In addition to promoting healthy lifestyle through world-class offerings of this state-of-the-art and environmentally sustainable mall, the ULI Philippines Building Healthy Places award confirms that SM Seaside City Cebu is certainly “A Mall Above All”.

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

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SM Seaside City Cebu recognized by the Urban Land Institute Philippines Building Healthy Places Awards in the Commercial-Retail category
SM Seaside City Cebu recognized by the Urban Land Institute Philippines Building Healthy Places Awards in the Commercial-Retail category

 

Source: SM

Philippines: SM showcases its third largest mall in the country: newly opened SM Seaside City Cebu

Pasay City, Philippines, 2015-12-1 — /EPR Retail News/ — Newly opened SM Seaside City Cebu is SM’s third largest mall in the country measuring 430,000 square meters in gross floor area and is one of the Philippines’ most picturesque, showcasing not just architectural excellence but also resilience in design.

Due to its proximity to the Mactan Channel, the mall draws marine inspiration from the “nautilus”. The sea creature’s unique shape and logarithmic pattern guided the building’s architectural shape and design. The nautilus, a spiral shell with pale, pearly chambers, is one of the finest examples of natural beauty and elegance.

Arquitectonica’s Peter Brannan, Managing Director for Asia says translating this design into mall features meant not only providing the usual retail, service and transport facilities. “It also has to act as the social hub, much like the marketplaces or town squares in the old, traditional communities,” Brannan said.

This prompted Arquitectonica to propose “community” features such as a landscaped roof deck that can act like a “Central Park” called the Sky Park.

The design also includes a central courtyard with a 150-meter modern bell tower which can be the centerpiece of community events like fiestas or New Year Event countdowns. Add to this the “Cube” sculpture at the facade of the mall which is an anagram for “Cebu”, serving currently as one of the more popular “selfie” spots for shoppers and tourists. Nearby at the complex is the Chapel of San Pedro Calungsod with a hundred walls, which has emerged as one of the City’s favorite wedding destinations.

Now in operation, the mall makes this communal spirit much more apparent. “We understand that Cebuanos have a very strong sense of community, so we wanted to make sure we gave them a venue in which they could celebrate this communal spirit,” Brannan said. The Sy family envisoned the 30-hectare SM Seaside City complex as a regional destination, bringing together local and foreign tourists from all walks of life mainly from the Visayas and Mindanao regions.

Beyond beauty is sustainability

Beyond the mall’s aesthetics, SM believes that investing in sustainability safeguards the welfare of the customers, the tenants, and the malls’s host communities. SM Prime Holdings, Inc. President Hans T. Sy said during his speech at the UNISDR General Meeting in London in November that depending on the location and assessment of SM’s projects, around 10% of capital expenditure is allocated to disaster resilience which requires making the mall structure resistant to risk from potential disasters. “My experience has proven that investing in resilience of our company’s assets makes good business sense,” Sy said.

For its Seaside mall, Architect Fides Hsu, Vice President of SM Engineering, Design and Development Corp. said SM Prime hired design experts who gave extra attention to the challenges of weather, especially typhoon and flooding given its location by the sea. SM Prime backfilled soil onto the reclaimed property specifically on the roads so that the whole complex where the mall sits is elevated by approximately 4.5 meters from the city roads. Due to its elevation, a lower carpark level was created to accommodate 1,700 vehicles. Furthermore, all necessary electrical and mechanical equipment are located on the roof deck.

In terms of seismic design or provisions for earthquakes, the building structure of SM Seaside was designed in compliance with Philippine building regulations such as the 2010 National Structural Code of the Philippines (NSCP), the Uniform Building Code (UBC 97), and the International Building Code (IBC 2010).

The mall also uses water treatment facilities that recycle used water by 90% and re-use this for the cooling tower, toilet flushing and irrigation.

To reduce energy consumption, the mall’s airconditioning uses a Building Management System (BMS) and high efficiency chillers. In addition, all storefront windows and skylights of the mall use double glazed low e-glass which prevent heat from penetrating by as much as 78%. Furthermore, the whole mall is equipped with LED lights, while mall escalators have an “auto start and stop” feature that is activated when in use or otherwise. Elevators are inverter type systems that save power of up to 30%.

“Even way back in the mid 80s when SM started building its malls, Mr. Hans T. Sy has been responding to issues of sustainability and disaster risk resilience. The older malls of SM, for example, have long been using the BMS and variable frequency drives for airconditioning that control mechanical motors to maximize usage of power,” Hsu said.

SM is committed to help protect the environment, more so, its host communities by acting as a temporary refuge during times of calamities. “SM Prime places crucial importance on disaster resilience, not as an additional cost, but as part of our core business strategy. It allows us to serve our communities better, to be competitive, and to increase value. But most of all, disaster resilience ensures the safety of our customers and the communities where we operate,” SM Prime’s Sy said.

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For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

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View of the Sky Park atop SM Seaside City from an architect rendering

View of the Sky Park atop SM Seaside City from an architect rendering

Philippines: SM Prime Holdings opens its new regional landmark, SM Seaside City Cebu

Pasay City, Philippines, 2015-11-27 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, opens its new regional landmark, SM Seaside City Cebu, on November 27, 2015. It is SM Prime’s 56th mall in the country, and the third mall within Cebu – along with SM City Cebu and SM City Consolacion. The new destination mall provides an additional 430,000 square meters (sqm) in gross floor area (GFA), expanding SM Prime’s total retail space to 7.3 million sqm in the Philippines.

SM Seaside City Cebu, located within the SM Seaside Complex at the South Road Properties (SRP) in Cebu City, is the first of its kind in urban development in the SRP. It also promises to revolutionize the malling experience not only in Cebu, but in the whole Southern portion of the Philippines.

“We are inspired by the success of our Mall of Asia Complex in Pasay City, the first lifestyle city project or mixed-use development that offers retail, residences, offices, hotels and convention centers. We are replicating this concept of “lifestyle cities” in Cebu as we open the SM Seaside City mall. We see Metro Cebu as one of our important growth corridors in Visayas and Mindanao following our growth track in Metro Manila,” SM Prime President Hans T. Sy said.

The local communities are in for a treat as a new experience in urban living is in store with fresh lifestyle options in food, fashion, entertainment, and more. The new destination mall will open with 80% of space lease-awarded which serves as the new home to flagship stores of well-known local and international brands. It will also be the venue of unique and world-class events and entertainment. The shopping mall will have anchor tenants such as The SM STORE, SM Supermarket, Forever21, UNIQLO, Our Home, Ace Hardware, SM Appliance Center, Watson’s, The Body Shop, Kultura, BDO Unibank, and Chinabank.

SM Seaside City Cebu is the newest architectural jewel of SM Prime with its nautilus inspired design of concentric arcs from a central multi-purpose space featuring a “Seaside Tower“, a 147-meter iconic viewing tower which offers a sensational panoramic view of the entire city. A Sky Park provides a unique setting for diverse dining outlets situated in an elevated garden with soothing water features. The mall will have a skating rink, eight cinemas houses and 5,000 parking slots.

SM Seaside City Cebu is the first of many developments in the 30-hectare SM Seaside Complex. As the anchor development, it is slated to transform the city’s landscape as SM Prime builds residences, offices, an arena, a five-star hotel, and convention centers. The Complex features “The Cube”, a steel sculpture that symbolizes strength and stability of Cebuanos and its consistency reflects SM’s continued commitment to excellence.

SM Seaside City Cebu is the sixth SM Supermall to be opened this year, after SM Center Sangandaan, Cherry SM Shaw, and SM City Cabanatuan that recently opened last October 23, October 13 and October 9 respectively. To date, SM Prime has 56 malls in the Philippines and six in China with an estimated combined GFA of 8.3 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.

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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

SOURCE: SM Investments Corporation

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Philippines: SM Prime Holdings opens its new regional landmark, SM Seaside City Cebu

Philippines: SM Prime Holdings opens its new regional landmark, SM Seaside City Cebu