(Source: Manila Bulletin | 28 April 2016)
SM PrimeSM Prime Holdings Inc. (SM Prime), the country’s largest integrated property company, is expanding its presence in the north with the opening of SM City San Jose Del Monte on Friday (April 29, 2016).
This is SM Prime’s 57th mall in the Philippines and the third in the province of Bulacan – after SM City Baliwag and SM City Marilao.
This newest retail and dining destination will add 101,000 square meters (sqm) in gross floor area (GFA), to bring SM Prime’s total retail space to 7.4 million sqm, the largest footprint in the country.
“We continue to expand in the provincial areas as we remain optimistic about their huge potential for growth. The opening of SM City San Jose Del Monte in Bulacan is a testament to this strategic direction as we remain steadfast in developing premier destinations around the country,” SM Prime president Hans T. Sy said.
SM City San Jose Del Monte is strategically located along Quirino Highway in Bulacan, which is connected to the cities of Quezon and North Caloocan.
San Jose Del Monte is a second-tier city with predominantly middle income households, of which, 62 percent have family members that are Overseas Filipino Workers (OFW).
The city contributes to one of the fastest growing residential and commercial hubs in the Northern Gateway of Metro Manila, covering 59 barangays and a population of almost 500,000 based on the 2010 census.
SM City San Jose Del Monte opens with 70 percent of space lease-awarded occupying its three floors with retail stores, dining outlets, recreation and entertainment facilities, and service centers.
The prime spaces are allocated to local and international retail brands, food outlets and anchor tenants such as THE SM STORE, SM Supermarket, SM Appliance Center, Ace Hardware, BDO, Surplus, Watsons, and SM Cinema. A multilevel basement parking, with 912 parking slots, is also provided for mall-goers’ convenience.
By the end of 2016, SM Prime is targeting to have 61 malls in the Philippines and six in China with an estimated combined GFA of 8.6 million sqm.
— By James Loyola