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Beautiful User
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SM Prime building 21 new malls
posted January 21, 2018 at 09:05 pm
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Jenniffer B. Austria

Property developer SM Prime Holdings Inc. is staying aggressive on its expansion as it lined up 21 new malls for completion from 2018 to 2020, documents filed with the Securities and Exchange Commission show.

SM Prime, which prepared a P20-billion fixed-rate retail bond offering, aims to complete SM City Urdaneta Central, SM City Telebastagan, SM City Legaspi, SM City Ormoc and SM City Dagupan in 2018.

Documents showed SM Prime expected in 2019 to complete SM Daet, SM Butuan, SM Olongapo Central, SM Balanga Bataan, SM Sorsogon, SM Tagum, SM City Tuguegarao, SM Mindoro and SM Grand Central.

The property unit of the SM Group will launch SM City Roxas, SM Calamba Turbina, SM Tanza, SM San Fernando, La Union, SM Laoag, SM Zamboanga and SM Malolos in 2020.

Except for the SM Grand Central in Caloocan, all new malls will rise in provincial areas.

SM Prime also continues to implement its strategy of building business process outsourcing office towers next to shopping malls.

The company plans to build eight new office buildings, including one in SM Cagayan de Oro, two in SM Southmall, one in SM Fairview, one in SM Iloilo and two in SM North Edsa.

SM Prime said assuming the oversubscription portion of the planned bond offering was exercised, it planned to spend for the expansion of eight existing malls and the construction of Four Ecom Center at Mall of Asia complex in Pasay City.

Under the company’s five-year roadmap ending 2018, the group plans to have 75 malls with a total gross floor area of 10.5 million square meters.

SM Prime earlier announced plans to issue P15-billion, fixed-rate bonds with an over subscription option of up to P5 billion and maturities of 5 years and 7 years.

The latest bond offering comprises SM Prime’s third tranche of the P60-billion, three-year debt securities program approved by the SEC in July 2016.

If the entire P20 billion is issued, SM Prime would have still have P10 billion worth of unissued bonds under the debt securities program.

SM Prime tapped BDO Capital and Investments Corp., China Bank Capital, BPI Capital Crop., First Metro Investments Corp., PNB Capital and Union Bank of the Philippines as joint underwriters for the offering.
 

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SM Prime building 21 new malls
posted January 21, 2018 at 09:05 pm
by
Jenniffer B. Austria

Property developer SM Prime Holdings Inc. is staying aggressive on its expansion as it lined up 21 new malls for completion from 2018 to 2020, documents filed with the Securities and Exchange Commission show.

SM Prime, which prepared a P20-billion fixed-rate retail bond offering, aims to complete SM City Urdaneta Central, SM City Telebastagan, SM City Legaspi, SM City Ormoc and SM City Dagupan in 2018.

Documents showed SM Prime expected in 2019 to complete SM Daet, SM Butuan, SM Olongapo Central, SM Balanga Bataan, SM Sorsogon, SM Tagum, SM City Tuguegarao, SM Mindoro and SM Grand Central.

The property unit of the SM Group will launch SM City Roxas, SM Calamba Turbina, SM Tanza, SM San Fernando, La Union, SM Laoag, SM Zamboanga and SM Malolos in 2020.

Except for the SM Grand Central in Caloocan, all new malls will rise in provincial areas.

SM Prime also continues to implement its strategy of building business process outsourcing office towers next to shopping malls.

The company plans to build eight new office buildings, including one in SM Cagayan de Oro, two in SM Southmall, one in SM Fairview, one in SM Iloilo and two in SM North Edsa.

SM Prime said assuming the oversubscription portion of the planned bond offering was exercised, it planned to spend for the expansion of eight existing malls and the construction of Four Ecom Center at Mall of Asia complex in Pasay City.

Under the company’s five-year roadmap ending 2018, the group plans to have 75 malls with a total gross floor area of 10.5 million square meters.

SM Prime earlier announced plans to issue P15-billion, fixed-rate bonds with an over subscription option of up to P5 billion and maturities of 5 years and 7 years.

The latest bond offering comprises SM Prime’s third tranche of the P60-billion, three-year debt securities program approved by the SEC in July 2016.

If the entire P20 billion is issued, SM Prime would have still have P10 billion worth of unissued bonds under the debt securities program.

SM Prime tapped BDO Capital and Investments Corp., China Bank Capital, BPI Capital Crop., First Metro Investments Corp., PNB Capital and Union Bank of the Philippines as joint underwriters for the offering.
Congrats Laoag City, another SM mall soon.. =)
 

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Hyugo Korol'
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Nagbabalik!!!

SM Laoag to open on 2024 as per description.



DESCRIPTION OF THE PROJECTS

The Issuer will directly undertake all of the projects that will be funded by the net proceeds from the
Offer.

For 2023, SM Prime is slated to open three new malls in the Philippines which are located in Bataan,
Batangas and La Union with a total gross floor area of more than 180,000 square meters. SM Prime
also plans to open mall expansions in SM City Bacolod, SM Mall of Asia, SM City Clark and SM City Naga with an additional gross floor area of more than 80,000 square meters and two new BPO towers in
Clark and Laguna.

For 2024, SM Prime is set to open three new malls in the Philippines which are located in Ilocos Norte,
Zamboanga and Bulacan with a total gross floor area of more than 200,000 square meters and mall
expansions in SM City Marilao, SM City Marikina, SM City East Ortigas and SM City Bacoor with an
additional gross floor area of more than 60,000 square meters. The Company is also set to open two new BPO Towers in Clark and Bacolod and one hotel in Olongapo.

 

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Nagbabalik!!!

SM Laoag to open on 2024 as per description.

View attachment 2885419

DESCRIPTION OF THE PROJECTS

The Issuer will directly undertake all of the projects that will be funded by the net proceeds from the
Offer.

For 2023, SM Prime is slated to open three new malls in the Philippines which are located in Bataan,
Batangas and La Union with a total gross floor area of more than 180,000 square meters. SM Prime
also plans to open mall expansions in SM City Bacolod, SM Mall of Asia, SM City Clark and SM City Naga with an additional gross floor area of more than 80,000 square meters and two new BPO towers in
Clark and Laguna.

For 2024, SM Prime is set to open three new malls in the Philippines which are located in Ilocos Norte,
Zamboanga and Bulacan with a total gross floor area of more than 200,000 square meters and mall
expansions in SM City Marilao, SM City Marikina, SM City East Ortigas and SM City Bacoor with an
additional gross floor area of more than 60,000 square meters. The Company is also set to open two new BPO Towers in Clark and Bacolod and one hotel in Olongapo.

Congrats SM CITY LOAOG! 1st SM in Ilocos Norte, 3rd/4th SM mall in Region 1 =)
 

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santiago n ln naiwan sa northern luzon
Di naman sir may robinsons naman, at soon waltermart soon at may mga local community mini malls naman... sabagay iba kc ang lugar ang dating ng mga lugar na may SM malls... ang dating bigating lugar =) o maunlad... =) baka maunahan pa ng Santiago City ang SJC na magaka SM... =)
 

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ang naging problema kasi nito noon kaya na delay ay dahil di pumayag ang laoag city council na nabili ng sm yung lupa sa murang halaga. natural mababa lang ang tax na babayaran ng sm kung magka ganun... palagay ko na resolve na nila yan at willing ang sm na magbayad ng tunay na tax sa lupang binili nila. tapos nagka pandemic pa.. but still congrats sm
 
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