(August 26, 2026, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime) is expanding three malls in the Western Visayas, Calabarzon and the Bicol Region, adding approximately 70,000 square meters of gross floor area to its regional retail portfolio in the fourth quarter of 2026.
The projects will introduce a broader mix of retail, dining, entertainment and commercial offerings, brands and concepts making their debut in these markets.
“The cities of Iloilo, Sto. Tomas and Naga are major economic hubs in their respective regions, with strong potential to attract more businesses and investment,” said Jeffrey C. Lim, President of SM Prime.
“Through these mall expansions, we aim to support their continued growth by creating more opportunities for MSMEs, generating local employment and contributing to stronger communities,” he added.
The largest of the three projects is the SM City Iloilo North Block, which will add approximately 35,000 square meters of gross floor area as part of a mixed-use development. The expansion will provide more accessible covered multi-level parking, new ground-floor retail spaces for essential services, medical and wellness services, specialty stores, convenience store, cafe, and a National University (NU) campus.
In Batangas, SM City Sto. Tomas will add more than 26,000 square meters through the construction of a third level. The expansion will introduce amusement concepts, restaurants, wellness establishments and retail stores.
The new level will also include a dedicated Trade Hall, co-working and meeting spaces and visual installations. Additional surface parking will be developed to support the mall’s increased capacity.
SM City Naga, meanwhile, will undergo a two-storey expansion covering approximately 9,000 square meters. The project will integrate additional parking and roof deck extension while redeveloping existing tenant areas to improve circulation and the overall customer experience.
In line with SM Prime’s sustainability commitments, the three expansions will feature energy- and water-efficient systems, solar panels, EV charging stations and enhanced waste management facilities to reduce resource use across their operations. Local residents will also be prioritized for employment opportunities created by the projects.
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For further information, please contact:
John Nai Peng C. Ong
Chief Finance Officer
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: 8831.1000 loc. 7886
Forward-looking Statement
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