SM Prime Holdings Inc., the property development arm of the Sy family, is set to open a multipurpose indoor arena in Cebu this June that will surpass the capacity of its flagship venue in Manila as it seeks to capture regional tourism demand. In a briefing on Tuesday, Feb. 24, SM Prime President...
SM Offices, the office leasing arm of SM Prime Holdings Inc. (SM Prime), is continuing to expand its presence in Metro Manila and key cities nationwide, starting with the investment of more than ₱1 billion to complete over 60,000 square meters (sqm) of leasable space in Cebu City by the fourth...
Despite prevailing challenges in the real estate industry, SM Prime Holdings Inc. (SM Prime) expects to surpass the record profits it earned last year and is supporting its continued growth in 2026 with a capital expenditure (capex) budget of ₱100 billion. “For 2026, the estimate is to spend...
SM Prime Holdings Inc., the integrated property developer led by the billionaire Sy family, posted a seven percent increase in full-year consolidated net income as recovery in commercial property and rigorous cost-cutting measures shielded the bottom line from a slowdown in residential sales. The...
SM Prime Holdings Inc.’s office unit is accelerating its push for a greener real-estate portfolio, securing an international sustainability certification for its FiveE-com Center as it seeks to attract corporate tenants focused on environmental targets. The developer’s FiveE-com Center...
SM Prime Holdings, Inc. (SMPH) and the Philippine Military Academy (PMA) have signed a memorandum of agreement for the construction of the Henry Sy Sr. Hall in Fort Del Pilar, expanding the academy’s core training and communal facilities. The development will feature a two-story building with a...
BAGUIO CITY – The city government must resolve long-standing issues over the Baguio public market after SM Prime Holdings withdrew its unsolicited proposal to redevelop the more than three-hectare property, officials said Monday. Vice Mayor Faustino Olowan said the city needs to settle problems...
As a result of the successful implementation of energy efficiency and conservation initiatives across its properties, SM Group received six citations from the Department of Energy at the recent Energy Efficiency Excellence awards. SM Supermalls earned four Certificates of Excellence in the Energy...
Sy-led SM Investments Corp. and its property arm, SM Prime Holdings Inc., are poised for substantial financial windfall starting in 2027 as they unlock value from a long-dormant premium estate south of Manila. According to Abacus Securities Corp., the joint development of the 284-hectare Susana...
SM Prime Holdings Inc. (SM Prime) reinforced its push for climate resilience as Vice President for Design, Innovation and Strategy Jessica Sy joined regional policymakers and development leaders at the United Nations Office for Disaster Risk Reduction’s Women International Network for Disaster...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, will maintain its ₱100 billion capital expenditure (capex) budget for next year as it continues an aggressive expansion in the Philippines. “We will probably maintain the capex that we had this year, which...
Armed with the simple, guiding principle: “Whatever decision we make, we should be able to eat and sleep well,” Hans T. Sy found the moral certainty to endure public fury over a construction project. For decades, the SM Group, founded by his late father, retail tycoon Henry Sy Sr., has been...
