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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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May entry agad ang SM Turbina sa placesmap.net..as per this page sa mga bus terminal ang address daw ng mall kung ganun nga siguradong mabubuhay ang mall nato kahit may SM Calamba sa crossing kasi mga byaherong pa Quezon at Bicol at yung ibang mag iisstop over dito ang piyadong magiging mall goers ng SM Turbina..
 
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May entry agad ang SM Turbina sa placesmap.net..as per this page sa mga bus terminal ang address daw ng mall kung ganun nga siguradong mabubuhay ang mall nato kahit may SM Calamba sa crossing kasi mga byaherong pa Quezon at Bicol at yung ibang mag iisstop over dito ang piyadong magiging mall goers ng SM Turbina..

Possible Location?? ... I think I saw Fencing made of Corrugated Sheet color Blue in this Area.. It means this is the possible location..?

 

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^^^^
Talaga sir?? San po banda..anung nearest landmark?
 
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^^^^
Talaga sir?? San po banda..anung nearest landmark?


.. Get out of your shell and on the way to Calamba pass thru Ayala Grenfields Bypass road turn right along Sto-Tomas going to Real and Turbina area in Front of Bus terminals that is the Vacant Lot which I think is owned by a Holdings company but might have been purchased by SM now.. Peace Man.. :cheers:
 

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^^^^
Sa Feb pako makaka daan jan sir pupunta ako Batangas..cant wait to see yung sinasabi nyo o baka nakita ko na siguro to dati :lol::nuts:pero lumampas lang ng tingin ko..
 
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Di ba yung proposed Ayala Mall nandito sa loob papasok ng AGE malapit sa proposed San Beda campus?
 

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Di ba yung proposed Ayala Mall nandito sa loob papasok ng AGE malapit sa proposed San Beda campus?
Yun din alam namin sa thread..sa loob or within the vicinity of Ayala Greenfield Estate
 
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^^^^
That being said..SM City din ang SM Turbina..almost same size as that of its sister mall in Crossing..
 

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That being said..SM City din ang SM Turbina..almost same size as that of its sister mall in Crossing..
Pero walang SM Department Store ang nakalagay sa report eh, so SM Center muna siya.

SM Center malls don't have department stores while SM City and Premier Malls have department stores. ;)
 

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With 76K sqm of floor area..I cant imagine dipa magkasya Dept Store jan..
 

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With 76K sqm of floor area..I cant imagine dipa magkasya Dept Store jan..
Pwede mag-iba ang plan at pwedeng lumiit yan. Yung sa SM Center Dagupan 47K GFA floor area noonn, ngayon lumiit na ng 23K GFA, pwede gawin yun sa SM Turbina na up to 50K GFA same size as SM Munti.

SM Center Calamba Turbina muna, until SM has planned for a department store for it.
 

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Baka ito yung maging logo nila...... SM Center Turbina is more appropriate...
 
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