SM Prime to open lifestyle mall in Zambales
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SM Prime Holdings is launching a new lifestyle mall in Zambales, the Philippines.
The firm’s 73rd shopping mall in the territory, a 72,000sqm four-story complex, will open in Olongapo city’s CBD with 85 percent tenant occupancy confirmed so far. It is SM Prime’s second lifestyle mall in Olongapo.
“Olongapo City remains one of the fastest-growing cities in Central Luzon creating a wonderful synergy on economical and sustainable development,” said SM Prime president Jeffrey Lim. “SM City Olongapo Central will not only enhance the beauty of this thriving city and its province but will also create more jobs and business opportunities to locals who aspire to grow with our company.”
The mall will feature a food hall, cyber zone, and wellness zone along with six digital cinemas and a convention center, as well as a sports and entertainment venue.
“SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people,” read a statement by the firm.
Questions & Answers
Q.What is the expected tenant occupancy rate when the new SM Prime mall opens?
What is the expected tenant occupancy rate when the new SM Prime mall opens?
The new mall is anticipated to open with an 85 percent tenant occupancy rate. This indicates a strong initial interest from businesses wanting to operate there.
Q.How large is the new SM Prime lifestyle mall in Zambales?
How large is the new SM Prime lifestyle mall in Zambales?
The new SM Prime lifestyle mall in Zambales is a four-story complex spanning 72,000 square metres. It is a substantial addition to the city's retail landscape.
Q.Where exactly in Olongapo City will the new SM Prime mall be located?
Where exactly in Olongapo City will the new SM Prime mall be located?
The new SM Prime mall, SM City Olongapo Central, will be situated in the Central Business District (CBD) of Olongapo City. This places it in a key urban area.
Q.What kind of facilities will the new SM City Olongapo Central offer customers?
What kind of facilities will the new SM City Olongapo Central offer customers?
The mall will feature a food hall, cyber zone, and wellness zone. It will also include six digital cinemas, a convention centre, and a sports and entertainment venue.
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