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SM Center Sangandaan opens

By Rajiv MenonPhilippines
2 min read
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SM Center Sangandaan has opened its doors – owner SM Prime’s 55th mall in the Philippines.

It is SM Prime’s first mall in the populous City of Caloocan, one of the 16 cities within Metro Manila. The new mall provides an additional 38,622 sqm in gross floor area (GFA), giving SM Prime a total retail space of 6.8 million sqm, the largest mall footprint in the country.

SM Center Sangandaan, strategically located along the busy intersection of Samson Rd and A. Mabini St in Sangandaan, will give SM Prime access to the northern tip of Metro Manila, bringing a unique shopping experience closer to the highly dense cities of Malabon, Navotas and Caloocan.

“SM Center Sangandaan reflects SM Prime’s commitment to be part of the growth across communities. We are very pleased to open our first mall in Caloocan City which is a testament to the fact that Metro Manila is far from being saturated by modern retail facilities,” SM Prime president Hans T. Sy said.

The mall opens its doors to a catchment of more than 1.5 million with 90 per cent of its space leased. Anchor tenants include SM Supermarket, SM Appliance Center, SM Cinema, Ace Hardware, BDO and Watsons.

There are three levels of prime space which includes four cinema theaters with a total seating capacity of 824, and 493 parking slots.

The mall’s facade features different shades of blue, gray and white, giving the exterior a quirky geometric visual design. The main interior features a high glass ceiling, complemented by white walls which maximises daylight and adds further dimension to the mall.

SM Center Sangandaan is the fifth SM mall to be opened this year, after Cherry SM in Shaw Boulevard with a GFA of 24,165 sqm and SM City Cabanatuan, both of which opened this month. SM Seaside City Cebu is next, scheduled to open on November 27.

By the end of 2015, SM Prime will have 56 malls in the Philippines and six in China.

Questions & Answers

Q.

What is the total retail space SM Prime now manages across the Philippines?

A.

With the addition of SM Center Sangandaan, SM Prime now has a total retail space of 6.8 million square metres in the Philippines, making it the largest mall footprint in the country.

Q.

Which other SM malls have opened recently or are scheduled to open this year?

A.

This year, SM Prime also opened Cherry SM in Shaw Boulevard and SM City Cabanatuan. SM Seaside City Cebu is scheduled to open later this month, on November 27.

Q.

What proportion of the new mall's space is currently leased out?

A.

SM Center Sangandaan opens with 90 per cent of its available space already leased. It aims to serve a catchment area of over 1.5 million people.

Q.

How many malls will SM Prime operate by the close of 2015, including those outside the Philippines?

A.

By the end of 2015, SM Prime expects to operate a total of 56 malls in the Philippines. Also, it will have six malls operating in China.

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