LISTED property developer SM Prime Holdings, Inc. is set to open SM City Sto. Tomas in Batangas on Oct. 27, marking the company’s fourth mall in the province.
In a regulatory filing on Wednesday, SM Prime said the mall, with a gross floor area of 110,000 square meters, is the company’s 85th in the country.
“Once opened, SM Prime will have 61 malls in the provincial areas of the Philippines and 24 malls in Metro Manila,” the property developer said.
The new mall is located along Maharlika Highway, San Bartolome in Santo Tomas City. It joins other SM malls in the province, namely: SM City Batangas, SM City Lipa, and SM Center Lemery.
According to SM Prime, the new mall is “strategically located” at the intersection of highways crossing the provinces of Laguna, Batangas, and Quezon.
“We are delighted to open SM City Sto. Tomas this Friday to add more fun and excitement to the thriving City of Sto. Tomas in Batangas. We are making sure that this newest shopping, dining and entertainment hub will provide its guests with SM’s well-loved brand of service and convenience that will be beneficial to our fellows in Batangas, most especially this coming Holidays Season,” SM Prime President Jeffrey C. Lim said.
SM Prime said that the mall will open with almost 100% space lease-awarded sharing three levels of shops and brands led by The SM Store, SM Supermarket, Uniqlo, Ace Hardware, Sports Central, Watsons, Pet Express, SM Appliance Center, Miniso, Surplus, 2Go, Chinabank, and BDO.
The new mall will also feature SM Foodcourt, Cyberzone, SM Cinema with three digital screens, parking zones, and a transport terminal.
Shares of SM Prime at the local bourse closed unchanged at P30.20 apiece on Wednesday. — Revin Mikhael D. Ochave
