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Manila Bulletin devider Business devider The Stock Market devider SM Prime completes purchase of Savemore Nagtahan lot from SMIC

SM Prime completes purchase of Savemore Nagtahan lot from SMIC

Published Jul 13, 2026 04:12 pm

The Sy family’s flagship SM Investments Corp. (SMIC) has completed the sale of its prime lot near Malacañan in Manila to its property development arm, SM Prime Holdings Inc. (SM Prime), as part of efforts to consolidate property assets under the subsidiary.

In disclosures to the Philippine Stock Exchange (PSE) on Monday, July 13, SMIC and SM Prime said they had completed a share purchase transaction involving the sale of equity shares in Nagtahan Property Holdings Inc., which owns the land where an SM Savemore Market branch is located.

“The transfer is intended to consolidate leasable assets and related property interests to enhance operational efficiency and improve asset management,” the companies said.

The sale involves 199,725 shares, equivalent to a 99.72-percent stake in Nagtahan Property Holdings, at a mutually agreed but undisclosed price. The property is located at the corner of Aurora Boulevard, beneath Nagtahan Flyover, in Manila. - James A. Loyola

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