(10 October 2017, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, will open its newest mall, SM Center Tuguegarao Downtown, on Thursday, October 12. This first SM mall in the Cagayan Province will serve as the company’s 65th mall in the country and will provide an additional 37,000 square meters (sqm) in gross floor area (GFA) to its portfolio bringing the total GFA to 8.0 million sqm in the Philippines.
Strategically located at the corner of Luna and Mabini Streets, which are main thoroughfares in this major urban city in the north, SM Center Tuguegarao Downtown is set to open with 90% of its space lease-awarded to a number of favored household brands. Among the names that will take up this new mall are SM Hypermarket, ACE Hardware, Surplus, Watsons, Miniso, Simply Shoes and BDO.
“The opening of SM Center Tuguegarao Downtown will provide SM Prime a sturdier foothold in the northeastern part of the Philippines, along with our other mall in the region, SM City Cauayan in Isabela. We are very excited on how this new mall will give a unique shopping experience to this urbanized city in northern Luzon and how it will contribute further to the development of the Cagayan Valley Region ,” SM Prime President Jeffrey C. Lim said.
SM Center Tuguegarao Downtown is set to add a visual feast to the locals’ eyes given its distinct yet familiar SM mall structure and renowned enjoyable and convenient malling experience.
This year, SM Prime has already launched SM City Puerto Princesa in Palawan, SM CDO Downtown Premier in Cagayan de Oro, S Maison at Conrad Manila in Pasay City and SM Cherry Antipolo in Rizal.
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:
Vice President, Investor Relations
SM Prime Holdings, Inc.
Tel. no.: +632 862 7940