(11 September 2019, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, will open this Friday, September 13, its newest mall in Olongapo City, the SM City Olongapo Central. This will be the Company’s second lifestyle mall in the first-class highly urbanized City of Olongapo in Zambales and will add 72,000 square meters (sqm.) of gross floor area (GFA) in its mall portfolio.

“Olongapo City remains as one of the fastest growing cities in Central Luzon creating a wonderful synergy on economical and sustainable development. SM City Olongapo Central will not only enhance the beauty of this thriving city, and its province, but will also create more jobs and business opportunities to locals who aspire to grow with our Company,” SM Prime President Jeffrey C. Lim said.

Situated in Olongapo’s primary business district, along the bustling Rizal Avenue in Barangay East Tapinac, SM City Olongapo Central is a four-story shopping, dining and entertainment mall highlighted with well-loved SM brands such as SM Supermarket, The SM Store, Our Home, Watsons, Uniqlo, Surplus, Sport Central, SM Appliance Center, Ace Hardware, Banco de Oro and China Bank.

SM City Olongapo Central, which will open with 85% of space lease-awarded, will also serve as an ideal avenue for communities from neighboring towns and provinces to converge and enjoy a refreshing and holistic urban lifestyle experience topped with modern amenities including a Food Hall, Cyberzone, Wellness Zone, six digital cinemas, a convention center, more than 700 carpark slots, and a sports entertainment venue.

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