(21 October 2010. Pasay City, Philippines.) SM Prime Holdings, Inc. (SM Prime), the country’s dominant mall developer and operator, will open its 40th shopping mall in the Philippines, SM City Novaliches, on Friday, 22 October 2010. The latest SM mall, with a gross floor area (GFA) of 60,334 square meters (sqm), is located along Quirino Highway in Barangay San Bartolome, Novaliches, Quezon City. It is also SM Prime’s fourth mall in the city, after SM City Fairview,  SM City Sta. Mesa and SM City North Edsa. The new mall is estimated to have provided up to 4,000 new jobs to include those of the mall’s tenants and suppliers.

SM Prime President Mr. Hans T. Sy said, “We warmly welcome all our valued customers to our newest and 40th mall, SM City Novaliches. The area of Quezon City continues to be a key expansion area for SM malls. This reinforces our confidence in the prospects of Quezon City given its vibrant population and burgeoning business sector.”

SM City Novaliches has a leasable area of 42,721 sqm, 85% of which has already been awarded to various tenants. The mall’s anchor tenants are SM Supermarket, SM Department Store, SM Appliance Center, Ace Hardware, BDO, and Watsons. Other tenants include quick service restaurants Jollibee, KFC, McDonald’s, Mang Inasal, Shakey’s, and Pizza Hut; fashion and apparel retailers Bench, Penshoppe, Human, and Folded N Hung; and health and beauty salons Let’s Face It, Davids, Ricky Reyes, and GQ Barber, among others. The amenities of SM City Novaliches include a food court with a seating capacity of over 500, four cinemas, parking slots for over 1,200 vehicles, and a terminal for public utility
vehicles.

With the opening of SM City Novaliches, SM Prime malls all over the country now have a combined GFA of 4.8 million sqm. It will be the last SM mall to be opened in the Philippines for 2010. Before the year ends, SM Prime is scheduled to open its fourth SM mall in mainland China, which will be located in the city of Suzhou.

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For further inquiries:
Mr. Jeffrey C. Lim
Executive Vice President
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: 831.1000 loc. 1401

Date: 

Thursday, October 21, 2010

Source: 

Investor Relations