PASAY CITY, Philippines,
July 24, 2024 /PRNewswire/ -- SM
Prime Holdings, Inc., the property arm of the SM Group,
commemorated its 30th anniversary as a publicly-listed company at
the Philippine Stock Exchange, marking three decades of
transformative growth in the Philippine real estate industry.
Established in 1994 by the visionary entrepreneur Henry Sy, Sr., SM Prime began with an initial
offering of four malls and has since evolved into one of
Southeast Asia's leading
integrated property developers, managing a diverse portfolio that
includes 91 residential developments, 86 malls, 22 office towers,
10 hotels, and 8 convention centers across 22 dynamic lifestyle
cities.
Jeffrey C. Lim, President of SM
Prime Holdings, expressed gratitude for achieving this significant
milestone: "We are beyond grateful to reach this remarkable 30th
listing anniversary as a public company. Guided by the vision of
our founder, Mr. Henry Sy, SM Prime
was established to create world-class destinations for shopping,
dining, amusement, and entertainment in the Philippines. Over the years, we have
continually pushed boundaries as an integrated property
developer."
On its 30th anniversary, SM Prime is set to open three new
malls: SM City Caloocan, SM City J Mall in Cebu, and SM City Laoag
in Ilocos Norte. Additionally, the company initiated the
redevelopment and expansion of iconic landmarks such as SM
Megamall, alongside ongoing enhancements at SM Mall of Asia, SM City Cebu, SM City Iloilo, and SM
City Bacolod. SM Prime will also focus on enhancing its Leisure
Homes in Tagaytay and Batangas, introducing new hotels with
approximately 17,000 rooms, and developing mixed-use commercial
buildings that integrate office and retail spaces.
With Micro, Small, and Medium Enterprises (MSMEs) comprising 63%
of its commercial tenants, SM Prime remains dedicated to empowering
local communities. The company plays a pivotal role in driving
economic growth through various support programs and initiatives,
including job fairs and collaborations with local government units
(LGUs).
Looking forward, SM Prime reaffirms its commitment to set
benchmarks in integrated property development across major
Philippine cities, emphasizing innovative and sustainable practices
aimed at enhancing the quality of life for millions of
Filipinos.
For more information about SM Prime Holdings, Inc. and its
transformative projects, please visit www.smprime.com.
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