(11 November, 2020, Pasay City) SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, is set to open this November 13, Friday, its latest mall in the Philippines, the SM City Butuan. Located in the highly urbanized City of Butuan, Agusan del Norte in Mindanao, this latest development is the sixth SM mall in Mindanao and first in the CARAGA Region, adding 48,000 square meters (sqm.) of gross floor area (GFA) in the Company’s portfolio. SM City Butuan is located along JC Aquino Avenue in Butuan City, and is set to be a major hub in Northeastern Mindanao adding entertainment and economic activities in Agusan del Norte as well as the nearby provinces of Agusan del Sur, Dinagat Islands, Surigao del Norte, and Surigao del Sur. “The steady economic growth demonstrated by Mindanao over the past years has driven SM Prime to pursue its expansion in the region delivering integrated property developments in various key areas in Mindanao. We hope that the opening of SM City Butuan will further contribute to this advancement while providing essential needs and services, as well as entertainment in the region,” SM Prime President Jeffrey C. Lim said. SM City Butuan will open with more than 80% of leased space awarded and offers three levels of mixed local and international stores and dining destinations, including well-loved SM brands such as The SM Store, SM Supermarket, SM Appliance Center, Our Home, ACE Hardware, Uniqlo, Sports Central, Surplus Shop, Miniso, Goldilocks, Watsons and BDO. SM City Butuan will also house four up-to-date SM Cinema facilities, SM Cyberzone, an open parking and a helipad. SM Prime remains committed to being a catalyst for economic growth by delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life for millions of people.
For further information, please contact Alexander Pomento Vice President, Investor Relations SM Prime Holdings, Inc. E-mail: alex.pomento@smprime.comTel. no.: +632 862 7940