SM Prime Opens SM City San Mateo
(14 May 2015. Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime) one of the leading integrated property companies in Southeast Asia opens SM City San Mateo in Rizal Province this May 15, 2015. It is SM Prime’s 52nd mall, and fourth mall within Rizal Province - along with SM City Taytay, SM City Masinag and SM City Angono. The new mall provides an additional 80,043 square meters (sqm) in gross floor area (GFA), giving SM Prime a total retail space of 6,612,813 sqm, the largest footprint in the country.
“The economy’s continued expansion has encouraged major developments in the provinces where we see the next wave of growth emerging. Our mall expansions in the coming years are focused on these new growth cities where incomes and aspirations are showing significant improvements,” SM Prime President Hans T. Sy said.
SM City San Mateo, strategically located along General Luna Avenue in San Mateo Rizal, is your gateway to the business district in the east. Accessible to three major cities: Marikina City, Quezon City, Antipolo City and a municipality the Town of Rodriguez, the mall will open to serve over 640,000 residents. SM City San Mateo opens with 86% occupancy rate leased to various tenants. The shopping mall will have anchor tenants such as Ace Hardware, BDO, SM Appliance Center, SM Cinema, SM Supermarket, Surplus Shop, The SM Store, and Watsons.
Local residents will surely be thrilled as the new SM Supermall brings a complete experience that is closer to their home. There will be a total of four levels of prime spaces. The first three levels are for shopping, dining, entertainment, and services. The last level offers office spaces for the increasing demand from Business Process Outsourcing (BPO) sector. SM City San Mateo also includes 118 shopping units, 4 cinema theaters with a total seating capacity of 1,240 and a 6-level car park with a total of 430 parking slots.
The color palette of the mall gets its inspiration from nature with the shaded array of green hues with a pixelated design. The entrance provides good roof coverage for pedestrians to be protected from rain and the sun. The interior design of SM City San Mateo is well organized around a simple, curved plan that makes it easy for the shopper to stroll around and provides a clear line-of-sight of all retailers and restaurants on all levels at the same time. Carefully planned interior bridges are conveniently accessible to all sections of the mall. It is supplemented by a centrally located glass elevator, with additional escalators located for optimal customer convenience. The vertical BPO tower, with its own, separate entrance, is accentuated with large expanses of glass windows.
To date, SM City San Mateo is the second SM Supermall to be opened this year, after SM Megacenter Cabanatuan that recently opened last April 24. For the rest of 2015, SM Prime is scheduled to open SM Center Sangandaan in Caloocan, SM Seaside City Cebu, SM City Cabanatuan in the Philippines and SM City Zibo in China. The company is also set to expand SM City Lipa in Batangas and SM City Iloilo this year. By the end of 2015, SM Prime will have 55 malls in the Philippines and 6 in China with an estimated combined GFA of 8,273,900 million sqm.
Over the years, SM Prime has opened new malls all over the Philippines, building three to four malls per year regardless of the economic and financial state of the nation. This reflects SM Prime’s focus and commitment to progress and value creation for its shareholders and its drive to deliver stable growth through the years.
For further information, please contact:
Alex Pomento Vice President,
Alex Pomento Vice President,
Investor Relations SM Prime Holdings, Inc.
Tel. no.: +632 862 7940
Thursday, May 14, 2015