Topic
51 stories in this topic
SM Retail has received approval from the Philippines antitrust body to acquire the Goldilocks Bakeshop chain. This follows the two parties submitting commitments to address potential competition issues in the deal, says the Philippine Competition Commission…
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…
SM Prime Holdings has continued its expansion in northern Luzon with its latest mall, SM Center Pulilan, in Bulacan. Its 66th mall in the Philippines, it adds 27,000sqm in gross floor area (GFA), taking SM Prime’s total GFA to 8 million sqm. Opening with 80…
Howard Sy, the grandson of Chinese-Filipino retail magnate Henry Sy Sr, is on a mission to establish his own business empire and he is starting with self-storage. Last year, the millennial businessman launched StorageMart, a self-storage service for…
Rental revenues from mall expansions and consistent improvement in same-mall sales have helped boost income for integrated property company SM Prime Holdings. For its third quarter, the company had 16 per cent year-on-year net income growth to PHP5.6 billion…
FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction. With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months. Ayala Land and the Rustan’s group, via…
Sports Central’s new Adidas HomeCourt Concept Store on the ground floor of the SM Megamall in Ortigas, Metro Manila, brings together innovation in both design and retail. Covering 279sqm, the store is designed as a retail space offering a sporting arena…
Mall chain The SM Store has launched a nationwide delivery service in conjunction with courier company LBC Express until the end of the year. Its “You Shop, We Move” promo offers shoppers a discount for every transaction through LBC, which has branches inside…
Logistics 2Go Group, which has just been taken over by Chelsea Logistics Corporation and the SM Group, is studying a possible expansion into e-commerce. President Dennis Uy says there is nothing definite yet, especially with the cost being “quite high”. He…
The Board of Directors of SM Investments Corporation (SM) announced key organizational changes that will support the company’s next phase of growth. The Board has already conferred upon Mr. Henry Sy, Sr. the role of Chairman Emeritus, in recognition of his…
SM Investments (SMIC) has taken 62.21 per cent controlling stake in Philippines Urban Living Solutions Inc (PULS), the operator of dormitory buildings under the MyTown brand. According to an SMIC disclosure, it acquired more than 674.8 million common shares…
SM Supermalls has partnered with ride-hailing and multi-service mobile platform Grab in a special promotion. The companies will offer 10,000 Grab coupons in Metro Manila and such key cities as Bacolod, Cebu, Davao and Iloilo. New users are offered free rides…
Retail chain SM will help its footwear affiliate SM Simply Shoes reach a total of 100 stores across the Philippines by the end of next year. SM Simply Shoes has 24 outlets since opening in September 2014, and aims to reach its 60th store by the end of this…
SM Aura Premier is currently the first and sole mall in the Philippines to achieve LEED Gold in the retail sector and the largest LEED retail project in the Philippines based on gross square feet. The LEED (Leadership in Energy and Environmental Design)…
With retail rents still affordable compared to other Asia Pacific countries, the Philippines should be attracting more international brands, says a property analyst. This would further fuel the growth of the retail property market this year, says Jones Lang…
There is not enough spending power to support the number of Philippine provincial malls being developed, warns a real estate expert. This follows a “fantastic” year for the property sector during which most major developers opened malls. “Retail has had an…
