SM Prime Holdings Inc., the property development arm of the Sy family’s SM group, is expanding its entertainment footprint by partnering with Live Nation Entertainment Inc.’s Ticketmaster, the global leader in live event ticketing. The joint venture, named SM Ticketmaster, will absorb and...
Sy-led SM Prime Holdings Inc. (SM Prime) is on track to open its second arena, SM Seaside Cebu Arena, next month as it has been barely affected by the spike in construction costs because the project was nearly completed before the global oil crisis started. “Fortunately, we’re almost done with...
SM Prime Holdings Inc., the Philippines’ largest integrated property developer, is signaling a more cautious approach to its expansion plans as geopolitical volatility in the Middle East threatens to disrupt the domestic economy. In a briefing, Jeffrey C. Lim, SM Prime president and chief...
Four companies under the SM Group were recognized for corporate excellence and governance in the FinanceAsia Asia’s Best Companies 2026 poll. SM Investments Corp., the holding company for the Sy family’s business empire, secured the Gold award for Best Large Cap Company and was named Most...
SM Prime Holdings Inc. (SM Prime), the country’s top mall operator, is working with government agencies to leverage the prime locations of its malls for the development of transport infrastructure projects that will ease daily commuting across the Greater Manila Area. “Urban mobility is central...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, is opening SM City Zamboanga on Friday, March 20, marking its eighth mall in Mindanao and its 90th mall in the Philippines. Reinforcing its growing footprint in the southern island of Mindanao, the four-level...
Sy-led SM Investments Corp. (SMIC) and its real estate subsidiary SM Prime Holdings Inc. (SM Prime) are planning to tap the offshore bond market to fund their continued growth and expansion. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 17, the two firms said SMIC SG...
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. (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...
