SM opens third mall in Bulacan
Shopping mall giant SM Prime Holdings Inc. of bilyonaryo Henry Sy Sr. is opening its 57th local mall and its third in the province of Bulacan.
SM City San Jose Del Monte, which will open to the public tomorrow (April 29), has 101,000 square meters (sqm) in gross floor area (GFA), giving SM mall empire a total retail footprint of 7.4 million square meters, the largest in the country.
?We continue to expand in the provincial areas as we remain optimistic about their huge potential for growth. The opening of SM City San Jose Del Monte in Bulacan is a testament to this strategic direction as we remain steadfast in developing premier destinations around the country,? SM Prime president Hans T. Sy said.
SM City San Jose Del Monte is strategically located along Quirino Highway in Bulacan, which is connected to the cities of Quezon and North Caloocan. San Jose Del Monte is a second-tier city with predominantly middle income households, of which, 62 percent have family members that are Overseas Filipino Workers.
SM Prime expects to end the year with a total of 61 malls in the Philippines and six in China with an estimated combined GFA of 8.6 million sqm.