MANILA, Philippines - SM Prime Holdings Inc. opens its SM City Cabanatuan today (Oct. 9), bringing its total mall network to 53.
SM Cabanatuan expands the company’s total retail space in the Philippines to 6. 76 million square meters.
It is SM Prime’s the second mall within Nueva Ecija after SM Megacenter Cabanatuan.
“The opening of SM City Cabanatuan is SM Prime’s commitment to be part of the growth of the province. The opening of new malls is timely given the expected higher growth in overall consumption in the fourth quarter.
The economy’s sustained GDP growth in the past five years is now spreading to the provinces and we at SM Prime will continue to expand in these provinces that are enjoying high growth, like in Cabanatuan City, where we see significant development and huge unserved demand for shopping experiences,” SM Prime President Hans T. Sy said.
About 90 percent of the lease space had been awarded already. It is estimated to serve over 270,000 residents.
Anchor tenants include The SM STORE, SM Supermarket, Ace Hardware, SM Appliance Center, Watson’s, The Body Shop, Surplus Shop and UNIQLO.
The four-level mall also includes two Sky Gardens namely, the Garden Park,which provides covered shelter; and the Roof Park located at the fourth level.