SM Prime adds to Luzon portfolio
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Philippine integrated property company SM Prime Holdings has opened a mall in Batangas to continue its expansion in southern Luzon.
SM Center Lemery adds 25,000sqm to SM Prime’s total gross floor area in the Philippines, and follows SM City Batangas and SM City Lipa.
It opened with nearly 90 per cent of space leased. There are three floors of mixed retail and food tenants including brands such as Ace Hardware, BDO, Miniso, Simply Shoes, SM Appliance Center, SM Hypermarket, Surplus and Watson’s. There are also a Cyberzone and a Wellness Zone.
Questions & Answers
Q.Which specific province in the Philippines has SM Prime recently expanded into with their new mall opening?
Which specific province in the Philippines has SM Prime recently expanded into with their new mall opening?
SM Prime has expanded its presence in Batangas province with the opening of SM Center Lemery. This new mall follows their existing SM City Batangas and SM City Lipa properties in the same area, strengthening their southern Luzon portfolio.
Q.What is the total size of the new mall, and how much of its retail space was already leased upon opening?
What is the total size of the new mall, and how much of its retail space was already leased upon opening?
SM Center Lemery adds 25,000 square metres to SM Prime’s total gross floor area. Upon its opening, nearly 90 per cent of the available retail space within the mall was already leased to various tenants, indicating strong initial demand.
Q.Which major retail brands and services are included among the tenants at the new SM Center Lemery?
Which major retail brands and services are included among the tenants at the new SM Center Lemery?
The mall features a mix of retail and food tenants across three floors, including brands such as Ace Hardware, BDO, Miniso, and Watson's. It also incorporates SM group brands like Simply Shoes, SM Appliance Center, and SM Hypermarket.
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