SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is set to open its latest mall SM City Butuan on November 13, Friday, adding 48,000 square meters (sqm.) of gross floor area (GFA) in the company’s portfolio.
Located in the highly urbanized City of Butuan, Agusan del Norte in Mindanao, this latest development is the firm’s sixth SM mall in Mindanao and its first in the CARAGA Region.
SM City Butuan is set to be a major hub in Northeastern Mindanao adding entertainment and economic activities in Agusan del Norte as well as the nearby provinces of Agusan del Sur, Dinagat Islands, Surigao del Norte, and Surigao del Sur.
“The steady economic growth demonstrated by Mindanao over the past years has driven SM Prime to pursue its expansion in the region delivering integrated property developments in various key areas in Mindanao,” SM Prime President Jeffrey C. Lim said.
He added that, “We hope that the opening of SM City Butuan will further contribute to this advancement while providing essential needs and services, as well as entertainment in the region.”
SM City Butuan will open with more than 80 percent of leased space awarded and offers three levels of mixed local and international stores and dining destinations.
These include well-loved SM brands such as The SM Store, SM Supermarket, SM Appliance Center, Our Home, ACE Hardware, Uniqlo, Sports Central, Surplus Shop, Miniso, Goldilocks, Watsons and BDO.
SM City Butuan will also house four up-to-date SM Cinema facilities, SM Cyberzone, an open parking and a helipad.
SM Prime said it remains committed to being a catalyst for economic growth by delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life for millions of people.