Tag Archives: SM Group

Philippine malls ‘still landlord’s market’

Source: philippines-hotels.ws

(Source: Inside Retail Philippines | June 1, 2017) Philippine mall rents are stable and it is still a landlord’s market, according to a market insight report for this year’s first quarter by Pinnacle Real Estate Consulting Services. The report, Go, Grow and Glow, shows the blended average rent for mall space is estimated at PHP1200 (US$24) a square meter per ...

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SM Group opens 7 stores of Savemore


(Source: Manila Standard | 24 March 2017) Conglomerate SM Investments Corp. said its retail group opened seven new grocery stores under the neighborhood store format Savemore Market in February. SM Investments said SaveMore Market opened four stores in Negros Occidental including Savemore Market Kabankalan, Savemore Market Victorias, Savemore Market San Carlos and Savemore Market San Carlos Citymall. It also opened ...

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SM Group to put up more school buildings


(Source: The Manila Times | 1 March 2016) The business empire of the Philippines’ richest man, Henry Sy, whose diverse business is rooted in the retail industry, is bent on boosting another sector—education—by donating more buildings to established schools across the country. Sy’s umbrella firm, SM Investments Corporation, turned over on Tuesday a newly built nine-story building to the new University ...

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SM widens leadership in cinema operations


(Source: The Philippine Star | January 8, 2016) The SM Group has remained king not only of shopping malls but also of cinema houses in the country as it expands to more provincial areas last year. SM Cinema now has a total of 307 screens nationwide with total seats of 141,753 by the end of 2015, up 12 percent year-on-year. ...

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SM Investments capex may hit P100B in 2016


(Source: Business World | October 4, 2015) SM Investments Corp. may set aside as much as P100 billion to support its expansion program next year, as the holding firm of the country’s richest man Henry Sy, Sr. plants the seeds that will allow the conglomerate to take advantage of the Philippine economy’s robust growth. SM Chief Financial Officer Jose T. ...

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SM group to proceed with China realty projects


(Source: Inquirer.net | By Doris Dumlao-Abadilla | July 12, 2015) SM Prime Holdings Inc. is unfazed by the current asset market volatility in China, resolving to proceed with its mall expansion and foray in the residential property business on the mainland. So far, the stock market downturn has not affected the main business or at least the group’s businesses in ...

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Busy year for developers


(Source: By Mary Ann LL. Reyes | The Philippine Star | June 21, 2015) All signs are pointing upwards for practically all segments of the local property development sector. According to the latest report from Pinnacle Real Estate Consulting, checking what the top real estate developers are doing is a good place to start if one is looking for bellwether ...

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