Tag Archives: Malls

SM Prime Holdings hits PHP1 trillion capitalization

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(Source: Inside Retail Philippines | June 7, 2017) Property developer and shopping mall company SM Prime Holdings has become the first Philippine company to reach P1 trillion (US$20.1 billion) in market capitalization. “SM Prime acknowledges the investment community’s unwavering support. This is a great moment for us,” the Sy family-owned firm says. The historic record was reached after the family ...

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Invest in online retail, malls told

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(Source: Sunstar | 18 May 2017) Amid rising vacancy in retail spaces, a property management and research firm advised mall operators to invest in online shops as a way to “future-proof” their business. Colliers International said the overall vacancy in Metro Manila, for instance, is seen to rise to 10 percent to 11 percent, following the completion of about 500,000 ...

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SM opens 2nd mall in CDO

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(Source: Philippine Daily Inquirer | 12 May 2017) Property giant SM Prime Holdings has expanded its footprint in Mindanao with the opening of a lifestyle-oriented shopping mall in Cagayan de Oro (CDO). SM CDO Downtown Premier, which is set to open today, will add almost 178,000 square meters (sqm) of gross floor area to the group’s total retail footprint. “SM ...

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Death of PH retail stores unlikely, says PRA official

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(Cebu Daily News | 15 May 2017) Traditional retail stores in the country will continue to thrive despite the growing global digital commerce industry, which has seen the closure of big brands in the United States and other developed economies in recent years. Robert Go, Philippine Retailers Association (PRA) Cebu Chapter president, said the “death” of traditional retail stores in ...

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WHAT TO DO: Earthquake drill at the mall

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(Source: ABS-CBNnews.com | July 29, 2015) If you are incidentally at a shopping mall or at any commercial establishment, you have to remember the following: – At exactly 10:30 a.m. on July 30, bells will ring out and the public address system will be used for verbal instructions to signal the start of the metro-wide shake drill. A recording of ...

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DoubleDragon eyes 100 Filipino malls

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(Source: Inside Retail Asia | May 14, 2015) A Philippines property developer has raised US$112 million to help fund the ambitious development plan for 100 shopping malls across the nation. DoubleDragon Properties Corp plans to roll out the 100 CityMalls-branded centres by 2020 – the first 25 by the end of this year. The compact community malls will comprise between ...

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SM opens 52nd mall in Philippines

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(Source: ABS-CBNnews.com | May 14, 2015) SM Prime Holdings is opening its 52nd shopping mall in the Philippines on Friday. SM Prime, owned by the family of the Philippines’ richest man Henry Sy, said SM City San Mateo is its fourth mall within Rizal province. It also has malls in Taytay, Masinag and Angono. The new mall has 80,043 square meters ...

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Metro Manila malls change operating hours for holiday season

MANILA MALLS. The facade of SM Megamall, one of many malls located along EDSA in Metro Manila. File photo courtesy of SM

Source: Rappler.com Published 5:52 PM, Nov 21, 2014 From November 28 to January 3, malls in the National Capital Region will be open from 11 am to 11 pm MANILA, Philippines – Metro Manila mall owners have agreed to change their operating hours to help ease heavy holiday road traffic. From November 28 to January 3, malls in the National ...

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