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20521 Views 39 Replies 19 Participants Last post by  thethirtysixth
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.
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the future SM Zampen Premier
Fresh updates: from 2026 to 2025 target completion



Source: SMPH Series PQR Bonds Offer Supplement (Preliminary)
SM CITY ZAMBOANGA
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SM visit Zamboanga city last september to discuss about the upcoming project of SM Zamboanga.
25,655 sqm x 5 flrs = Total gross floor area 128, 275sqm como yan maximize ellos el terreno y base ba floor design tiene piso de 5.

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Tupao amo yo kel ta abla daw singko ele pero baka lower ground or basement el uno y upper ground el uno or first level pero el structure ariba cuatro piso..si man include hasta el basement or lower ground el keda singko..pwede ya daw grande grande ya ele pero grande siempre si kcc..😄 148k del kcc diba?
So...here's the 🧋🧋🧋

-Al Fresco area/ Outdoor setting confirmed on the 3rd floor (like a mini skypark)
-5 floors but there's a catch to it. Also no underground/basement parking
Na SM Cebu north chene lower ground y upper ground abaho..excited ste part kay subi gad el GFA y GLA del SM City Zamboanga..este bonito ase premier..😍
Kaso boss hinde esté premiere diba?
Na SM Cebu north chene lower ground y upper ground abaho..excited ste part kay subi gad el GFA y GLA del SM City Zamboanga..este bonito ase premier..😍
Baka el aka tres SM gaha sila kere ase el Premier..😬 si hende este premier mas grande pa gaha el premier sila planta aki na ciudad..ohala
Kung malapit sa airport ang location ng SM City Zamboanga, why was it allowed to have five floors?
Floor 4 to 5 (and a potion of the 3rd floor) are parking floors so likely lower ceiling height yung dalawa. Also compared to KCC medyo mas malayo yung location nya from the flight path by a few meters😅
Kung malapit sa airport ang location ng SM City Zamboanga, why was it allowed to have five floors?
Did they also mention si quando el ground breaking for this SM City Zamboanga, Sir? Or news about Starbucks SM Mindpro?
So...here's the 🧋🧋🧋

-Al Fresco area/ Outdoor setting confirmed on the 3rd floor (like a mini skypark)
-5 floors but there's a catch to it. Also no underground/basement parking
Chismis lang that Starbucks will likely open Q1 and initial groundbreaking for SM City Zamboanga was supposed to be January 2022.
Did they also mention si quando el ground breaking for this SM City Zamboanga, Sir? Or news about Starbucks SM Mindpro?
INSTALLING POST FOR FENCING @ 2ND SM IN ZAMBOANGA 😉
Wow sm zamboanga premier 😲
Did they also mention si quando el ground breaking for this SM City Zamboanga, Sir? Or news about Starbucks SM Mindpro?
Chismis lang that Starbucks will likely open Q1 and initial groundbreaking for SM City Zamboanga was supposed to be January 2022.
Totoo ang chismis!
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