SM opens newest mall in Bulacan
Updated December 1, 2017 – 12:00am
http://www.philstar.com/
MANILA, Philippines — SM Prime Holdings Inc., the integrated property company of the Sy family, continues to widen its footprint, opening its newest mall in Bulacan.
The Bulacan mall provides an additional 27,000 square meters.
The mall is already 80 percent awarded and has the usual anchor tenants such as SM Hypermarket, Watsons, Ace Hardware, SM Appliance, Simply Shoes, Miniso, Surplus and BDO, SM Prime president Jeffrey Lim said.
There will also be three-level retail and dining floors.
“The opening of SM Center Pulilan is our follow-through to the success of our first three malls in Bulacan – SM City Marilao, SM City Baliwag and SM City San Jose Del Monte. The notable development and growth of this province gives us more reasons to keep on expanding in Bulacan while continuously providing utmost malling experience and convenience to more Bulakeños,” Lim said.
The mall, situated along Plaridel-Pulilan Diversion Road, aims to hitch a ride on the flourishing lifestyle of the locals and progressing economy of Bulacan.
In all, SM Prime launched five new malls namely SM CDO Downtown Premier in Cagayan de Oro, S Maison at Conrad Manila in Pasay City, SM Cherry Antipolo in Rizal, SM City Puerto Princesa in Palawan and SM Center Tuguegarao Downtown in Cagayan.
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.
Aside from 66 malls in the Philippines, SM Prime has seven malls in China and continues to look for opportunities for expansion.
In the nine months to September, the Sy owned property company posted a 15 percent growth in net income.
In the third quarter alone, SM Prime posted a 16 percent net income growth to P5.66 billion from P4.86 billion a year ago.
During the nine-month period, SMPH grew its consolidated revenue 12 percent to P64.69 billion from P57.78 billion a year ago on higher rental income from mall expansions, improvement in same-mall-sales and higher contribution from residential sales.
Mall revenue grew 10 percent to P38.58 billion from P35.07 billion a year ago, accounting for 60 percent of the consolidated revenues.
