SM Lanang Premier Archives - Inside Retail Asia

SM soars

Filipino mall developer SM Prime achieved 16.3 billion pesos ($365.9 million) in net earnings in 2013. Consolidated revenues rose five per cent to 59.79 billion pesos ($1.34 billion) from 57.22 billion pesos ($1.28 billion) a year ago. The increase was primarily due to the full-year effect of new malls opened in 2012, namely SM City Olongapo, SM City Consolacion, SM City San Fernando, SM City General Santos, SM Lanang Premier, and the opening in 2013 of SM Aura Premier. Excluding the ne…

SM expanding Mindanao presence

Filipino mall developer SM Prime will open two new malls in Mindanao. The two malls are planned for Butuan City by next year and Cagayan de Oro City by late next year or early 2015. From its foray in 2001, SM Prime has four existing shopping malls in Mindanao – SM City Davao, SM City Cagayan de Oro, SM City General Santos and SM Lanang Premier. Mindanao is not as much as competitive as Manila so there’s a lot of cities to expand in, says Debby Go, assistant VP for Mindanao operations of…

SM opens new mall

SM Prime opens biggest mall in Mindanao.