SM opens new mall
SM Prime has opened its 46th shopping mall in the country, SM Lanang Premier, in Lanang, Davao City.
With a gross floor area of 144,000 sqm, the new mall is SM’s biggest mall in Mindanao. It is its second mall in the province, after SM City Davao, which opened in 2001.
“It will also bring premier shopping, leisure and entertainment experience to residents in neighboring cities of Panabo, Tagum, Igacos and Mati and the provinces of Davao del Norte, Compostela Valley and Davao Oriental,” said SM Prime in a statement.
SM Lanang Premier is 88 per cent occupied by tenants. The mall’s facade is accentuated by the folded building concept, inspired by the traditional Japanese art of folding paper, Origami.
The shopping mall’s anchor tenants are SM Department Store and SM Supermarket. It will also house the SMX Davao Convention Center. Other mall tenants are Watsons, Ace Hardware, Kultura, Forever 21, Centerstage, Vikings, Cha Time, Mesa, Jollibee and KFC.
SM Lanang Premier’s amenities include five cinemas and an IMAX Theater, with a combined seating capacity of 2200, a bowling center, a Science Discovery Center and parking slots for over 1500 vehicles.
Incorporating environmentally sustainable technology in its design and construction, SM Lanang Premier features a Skygarden with water fountains, art installations, and landscaping. The mall is also designed with skylights and will use LED to ensure efficient energy consumption.
SM Lanang Premier takes the total number of SM Prime malls to 46 in the Philippines. It is the fifth SM mall to be opened this year, after SM City Olongapo in Zambales, SM City Consolacion in Cebu, SM City San Fernando in Pampanga and SM City General Santos in South Cotabato.
For the rest of 2012, SM Prime is scheduled to open SM Chongqing in China. By the end of this year, SM Prime will have 46 malls in the Philippines and five in China.