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Manila Bulletin devider Business devider SM Prime opening its 82nd mall in PH

SM Prime opening its 82nd mall in PH

Published Nov 16, 2022 04:23 pm

SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, is opening SM City Tuguegarao this Friday, November 18, 2022. It will its 82nd mall in the country.

In a disclosure to the Philippine Stock Exchange, the firm said “This new mall is set to further highlight shopping, dining, and entertainment activities in the capital of Cagayan Province as it will provide more than 62,000 square meters (sqm) of gross floor area (GFA).”

“We are very glad to be in the Cagayan Province once again as it has been five years since we opened our first mall here, SM City Tuguegarao Downtown,” shares SM Prime President Mr. Jeffrey Lim.

SM Prime President Jeffrey C. Lim

He noted that, “We hope that with the opening of SM City Tuguegarao, we add to the vibrancy of the local scene, and attract more visitors and economic activities in this developing city and the entire Cagayan Province.”

SM City Tuguegarao will open with 85 percebt of space lease awarded featuring two levels of mixed-use commercial space incorporating local and international shopping and dining destinations led by SM Group’s brands.

These include The SM Store, SM Supermarket, Ace Hardware, Pet Express, Sports Central, Our Home, SM Appliance Center, Watsons, Surplus, Miniso, Crocs, Levi’s and BDO.

SM City Tuguegarao, which is located at the bustling Bagay Road, Barangay Caritan Norte, Tuguegarao City, will have five SM Cinemas, FoodCourt, Wellness Zone, Cyberzone, almost 2,000 carpark slots and transport bays that will add convenience and ease of access.

This new mall will also feature Valley Park, which will provide a lush al fresco venue for shoppers and guests to enjoy and unwind.

“The continuous development of key provincial cities, including Tuguegarao City in the Cagayan Province, drives SM Prime to pursue expanding its footprint across the Philippines,” said Lim.

He added that, “We look forward to reaching more cities and people in the country where we can bring excitement and happiness through our environment-conscious and sustainable developments in different localities.”

SM City Tuguegarao is SM Prime’s 82nd mall in the Philippines. Once opened, the Company will have 58 malls in the provincial areas of the country and 24 malls in Metro Manila.

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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Jeffrey Lim SM Prime Holdings Inc.
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