Henry Sy to open 64th mall in Puerto Princesa
SM Prime Holdings Inc. is set to open tomorrow its first premier mall in the largest province in the country, further expanding its retail footprint.
SM City Puerto Princesa will add 54,000 square meters in gross floor area, bringing the group’s total retail space in the Philippines to 7.9 million sqm. It has already leased 80 percent of the retail space.
“We take pride in opening the 64th mall of SM Prime in one of the most sought-after island destinations in the world. We expect SM City Puerto Princesa to add new dynamics and opportunities to the thriving province of Palawan highlighted by SM’s pursuit of new and unique malling experience,” said SM Prime President Jeffrey C. Lim.
The three-level mall will house around 180 favored food and retail shops and three 158-seater SM Digital Cinema, and two 48-seater Director’s Club Cinema.
SM Prime has already opened SM CDO Downtown Premier in Cagayan de Oro, S Maison at Conrad Manila in Pasay City and SM Cherry Antipolo in Rizal. Also slated for opening this year is SM Center Tuguegarao Downtown in Cagayan Valley.