SM Prime Holdings Inc., the shopping mall operator of the Sy family, will open its newest mall, SM Center Tuguegarao Downtown, on Wednesday, the first SM mall in the Cagayan Valley region.
The said mall will be the company’s 65th mall in the country and will provide an additional 37,000 square meters in gross floor area (GFA) to its portfolio, bringing the total GFA to 8 million sq m nationwide.
Strategically located at the corner of Luna and Mabini Streets, which are main thoroughfares in this major urban city in the north, the SM mall is set to open with 90 percent of its space lease-awarded to a number of household brands. Among the names that will take up this new mall are SM Hypermarket, ACE Hardware, Surplus, Watsons, Miniso, Simply Shoes and BDO.
“The opening of SM Center Tuguegarao Downtown will provide SM Prime a sturdier foothold in the northeastern part of the Philippines, along with our other mall in the region, SM City Cauayan in Isabela. We are very excited on how this new mall will give a unique shopping experience to this urbanized city in northern Luzon and how it will contribute further to the development of the province of Cagayan Valley,” SM Prime President Jeffrey C. Lim said.
This year, SM Prime has already launched SM City Puerto Princesa in Palawan, SM CDO Downtown Premier in Cagayan de Oro, S Maison Mall at Conrad Manila in Pasay City and SM Cherry Antipolo in Rizal.