Metro Manila (CNN Philippines, April 23) – Property developer SM Prime Holdings, Inc. said Tuesday it has earmarked P80 billion in new investments this year for the construction of four new malls, residential units and mixed-use space.

The Sy-led firm said in a disclosure that the additional capital are meant to support expansion plans, which include opening malls in “developing provincial cities” such as the SM Center in Dagupan in Pangasinan, SM City Olongapo Central in Zambales, SM City Butuan, and SM Mindpro Citimall in Zamboanga.

Read more: https://cnnphilippines.com/business/2019/4/23/SM-Prime-capex.html