Tag Archives: SM Prime

SM opening 4 malls in 2017

SM Retail

(Source: Inquirer.net | 16 January 2017) Property giant SM Prime Holdings Inc. is set to open four new Philippine shopping malls with a combined gross floor area of 292,000 square meters (sq m) this year, cementing its market leadership in the retail property space. SM Prime—now the most valuable company in the local stock market and a leading property developer ...

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SM Prime sets P60-70B capex for 2017

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(Source: The Manila Times | 28 September 2016) SM Prime Holdings Inc., the listed property developer of the Sy family, is setting aside P60 billion to P70 billion for next year’s capital spending to fund its mall, offices and hotels development. Jeffrey Lim, executive vice president and incoming president of SM Prime, told reporters that the company is allotting a ...

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SM Prime CEO in hiatus

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(Source: Inside Retail Philippines | 4 July 2016) SM Prime CEO, Hans Sy, has announced a semi-retirement. Sy has also served as SM Prime’s president since 2004, while holding key positions in SM subsidiaries and affiliates. Teresita Sy-Coson, vice chairperson of SM Investments – parent company of SM Prime, said Sy “wants to have more free time for himself and ...

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SM Prime to issue up to P10-B fixed rate retail bonds

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(Source: ABS-CBN News | 17 May 2016) SM Prime Holdings, the country’s largest mall operator, said Tuesday it would issue up to P10 billion in fixed rate retail bonds. An initial P5-billion offering will be made with a P5-billion over subscription option over a three-year-period. The bonds mature in 10 years, the company told the stock exchange. The company said ...

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SM Prime expands north, opens SM City San Jose del Monte

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(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 – ...

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SM Prime earmarks P180bn for expansion

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(Source: Inside Retail Asia | 13 April 2016) SM Prime will earmark at least P60 billion (US$1.3 billion) annually for the next three years to sustain its developmental goals. The property giant is slated to open five new malls in the Philippines this year: SM City Trece Martires in Cavite, SM City Del Monte in Bulacan, SM Cherry Congressional, SM ...

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SM Prime to issue up to P20B retail bonds

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(Source: Manila Bulletin, by James Loyola | September 18, 2015) SM Prime Holdings, Inc. (SMPH), one of southeast Asia’s largest property developers, is raising up to P20 billion from the issuance of Fixed Rate Peso Retail Bonds with maturities of 5.25 years and 10 years. In a disclosure to the Philippine Stock Exchange, SM Prime said its board of directors ...

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SM Prime to beef up presence in China

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(Source: The Philippine Star, by Iris C. Gonzales | Aug. 10, 2015) SM Prime Holdings Inc. of retail and banking magnate Henry Sy is beefing up its presence in China and is looking at four new areas to acquire to strengthen the SM brand for both the commercial and residential space. In an interview, SM Prime executive vice president Jeffrey Lim ...

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New malls boost SM Prime revenue

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(Source: Inside Retail Asia | Aug. 5, 2015) SM Prime Holdings has posted a 90 per cent increase in first half year sales to PHP18.7 billion (US$408 million). However the increase was largely due to one time gains on the sale of securities; recurring income grew by a more modest, but still healthy, 15 per cent. The company says new ...

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SM, ALI win P10-B joint bid for Cebu SRP lot

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(Source: The Philippine Star | By Richmond S. Mercurio|  July 1, 2015) Two of the country’s largest property companies, Ayala Land Inc. (ALI) and SM Prime Holdings Inc., joined forces anew to take their expertise and financial muscle to Cebu for a mixed-use masterplanned development in the bustling city. In separate disclosures to the Philippine Stock Exchange, the property giants said ...

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