SM PRIME Holdings Inc. the mall developer of tycoon Henry Sy, yesterday opened its, 29th mall in Taytay, Rizal which cost the company roughly P1 billion to build.

In a disclosure to the Philippine Stock Exchange (PSE), SM Prime said the new mall has a gross floor area of 91,920 square meters and stands on a 38,525-sq.m.lot. SM City Taytay has a leasable area of 42,459 sq.m. and has as its main tenants SM Department Store, SM Hypermarket, a food court, and three cinemas.

SM Hypermarket occupies 8,000 sq.m. of the mall’s total gross, floor area and offers a mix of food and non-food items such as apparel and appliances. It will also house a wet market, a bakeshop and a chicken rotisserie.

The SM Department Store on the other hand is located at the ground floor and second floors of the mall and has a total floor area of 16,803 sq.m., with a gross selling area 11,197 sq.m.

The three cinemas have a, combined seating capacity 1,250.

‘Taytay is recognized as the garments capital of the Philippines. It has a large residential community, and it houses the biggest school campus of one of the country’s leading colleges.

It is easily accessible from various points of Metro Manila, through major thoroughfares such as Ortigas Avenue Extension and Sumulong Highway, which makes it an ideal location for an SM City in the province of Rizal,

�?SM Prime president Hans Sy said. Before the year ends, SM Prime is set to open SM Supercenter in Muntinlupa, a community mall similar to SM Supercenter Pasig, which has SM Hypermarket as its anchor tenant.