SM Prime to open SM City Masinag in Antipolo
SM Prime to Open SM City Masinag in Antipolo (05 May 2011. Pasay City, Philippines.) SM Prime Holdings, Inc. (SM Prime), the Philippines' dominant mall developer and operator, is scheduled to open SM City Masinag on Friday, 06 May 2011. It is the company's 41st shopping mall in the country and its second in the province of Rizal, after SM City Taytay. The new mall has a gross floor area (GFA) of 90,261 square meters (sqm) and occupies 37,017 sqm of land.
SM Prime President Mr. Hans T. Sy said, “We warmly welcome all of our loyal customers to our newest mall, SM City Masinag in Antipolo City. The shopping mall is one of three that we will open this year. All three new SM malls are located outside Metro Manila, in line with our thrust to further expand in the areas where there still is a large unserved demand for the integrated malling, shopping, dining, and entertainment experience that SM Prime ably offers.”
SM City Masinag, located along Antipolo's Marcos Highway, is already 82% lease awarded to various tenants. The shopping mall's major tenants are SM Department Store and SM Supermarket, which will occupy 12,913 sqm and 6,933 sqm of floor space, respectively. Other mall tenants include Ace Hardware, SM Appliance Center, Watsons, Surplus Shop, BDO Unibank, China Bank, National Bookstore, and Nine West, among others. SM City Masinag's amenities include a 408-seat food court; four cinemas with a combined seating capacity of 1,200; and parking slots for 1,000 vehicles.
Antipolo City was recently declared by President Benigno C. Aquino III as a highly urbanized city. It is the largest city in the CALABARZON region in terms of population and it serves as a major suburb just outside Metro Manila.
SM City Masinag is the first SM mall to be opened this year. It brings to 41 the total number of SM Prime malls all over the country, with a combined GFA of 5.1 million sqm. For the rest of 2011, SM Prime is scheduled to open SM City San Fernando in Pampanga, SM City Olongapo in Zambales, and SM Suzhou in China. The company is also set to expand this year SM City Davao in Southern Mindanao and SM City Dasmariñas in Cavite.
By the end of 2011, SM Prime will have 43 malls in the Philippines and four in China with an estimated combined GFA of 5.9 million sqm.
For further inquiries:
Mr. Jeffrey C. Lim
Executive Vice President
SM Prime Holdings, Inc.
Tel. no.: 831.1000 loc. 1401
Tuesday, March 11, 2014
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