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This article is about a community mall chain in the Philippines. For The Irish clothing retailer, see Primark.
Philippine Primark Properties
Primark Town Center
FormerlyLKY Prime Builders
Company typePrivate
IndustryRetail
Founded1996
Headquarters
Pasay City, Metro Manila
,
Philippines
Number of locations
12 [1]
Area served
Philippines
Key people
Wilbert T. Lee (President and CEO)
ParentLKY Group[2]
Websiteprimark.com.ph

Primark Town Center is a community mall division of LKY Group, one of the Philippines' largest land developers.[3] The management is handled by Philippine Primark Properties, Inc., and headed by Wilbert T. Lee as the company's President and CEO.[4]

Etymology

Primark is a combination of words "Primary" and "Market". The name is in line to the company's vision by providing prime retail facilities and in providing the basic and primary needs of the community.[5]

History

Primark Town Center Cabiao with the Primark's old logo in 2015.

The company was established since 1996 as LKY Prime Builders Inc, a company under LKY Group that offers construction services and real-estate development.[6] Eleven years later, they engaged in mall business with an investment of PhP 1.2 B as their Initial Public Offering (IPO).[7][8] The Securities and Exchange Commission (SEC) gave them a go signal and proceed with their mall expansion to 12 community malls in the county at their first year.[4][7] Their mall expansion started with their first mall in Echague on April 2015. It then grew with three branches in Sorsogon City in which one of those was bought from the defunct Sorsogon Shopping Center, to the cities of Cauayan, and Tuguegarao in Cagayan provinces, Arayat, Pampanga, Binmaley, Pangasinan, Antipolo and Teresa in Rizal, and Muñoz, Nueva Ecija.[9] Primark's major tenants to these branches were SM Savemore Market, Ace Hardware, BDO and Chinabank, and McDonald's, and they plan to have them on their future malls.

On their initial investment of PhP 1.2 B, About PhP 867 M gone to the construction of their first 12 malls in 2015. The remains will be for their future sites across the country.

In early 2016, Primark announced their first malls in Visayas and Mindanao. Catbalogan City, Samar will be Primark's first in the Visayas while Tacurong will be their first in Mindanao following their purchase to the Tacurong's MS Store.[10][11]

Currently, the operations and management Primark Town Centers are handled by the Philippine Primark Properties Inc., with LKY Group as their parent company.

Branches

Existing Branches

Name Location and description Opening Date GFA (m2) Remarks
Primark Town Center Echague Echague, Isabela April 2015 3,831.19 The First Primark Town Center in the Philippines.[12]
Primark Town Center Sorsogon 1 Sulucan, Sorsogon City April 2015 11,159 The First Primark Town Center in Sorsogon. It was the former Sorsogon Shopping Center.
Primark Town Center Sorsogon 2 Sampaloc, Sorsogon City May 2015 Second Primark Town Center in Sorsogon City
Primark Town Center Cauayan Cauayan, Isabela June 2015 8,536 The former public market of the city, Primark had upgraded the said market and redeveloped the area.
Primark Town Center Sorsogon 3 Talisay, Sorsogon City July 9, 2015 3,000 Third Primark Town Center in Sorsogon City[12]
Primark Town Center Tuguegarao Rizal St, Centro 06, Tuguegarao City May 27, 2016 8,651 The former Paseo Reale Mall[13]
Primark Town Center, Paliparan Paliparan, Dasmariñas City, Cavite 10,371
Primark Town Center Binmaley Binmaley, Pangasinan 3,541
Primark Town Center Antipolo Antipolo City, Rizal 3,129
Primark Town Center Teresa Teresa, Rizal 2,883
Primark Town Center Muñoz Muñoz, Nueva Ecija 5,423 First Primark Town Center in Nueva Ecija
Primark Town Center Bambang Bambang, Nueva Vizcaya
Primark Town Center Cabiao Cabiao, Nueva Ecija 4,401
Primark Town Center Sta. Cruz Sta. Cruz, Laguna 6,907
Primark Town Center Quezon-Araneta Araneta, Cubao, Quezon City 2,786
Primark Town Center Guagua Guagua, Pampanga 4,013
Primark Town Center Aringay Aringay, La Union March 30, 2017
Primark Town Center San Jose Del Monte San Jose Del Monte, Bulacan October 2017 First Primark mall in Bulacan
Primark Town Center Guimba Guimba, Nueva Ecija TBA
Primark Town Center Gerona Gerona, Tarlac TBA
Primark Town Center Cainta Cainta, Rizal TBA
Primark Town Center Camarin 1 Brixton, Camarin, Caloocan TBA
Primark Town Center Camarin 2 Zapote, Camarin, Caloocan TBA
Primark Town Center Deparo Deparo, Caloocan TBA
Primark Town Center Atherton Atherton, Fairview, Quezon City TBA
Primark Town Center Macabebe Macabebe, Pampanga October 30, 2017
Primark Town Center Mexico Mexico, Pampanga TBA
Primark Town Center Montalban Montalban, Rizal TBA
Primark Town Center Plaridel Plaridel, Bulacan October 30, 2017 Second Primark mall in Bulacan
Primark Town Center Cordon Cordon, Isabela TBA
Primark Town Center Gapan Gapan, Nueva Ecija TBA
Primark Town Center Catbalogan Catbalogan City, Samar TBA First Primark Town Center in the Visayas
Primark Town Center Bayawan Bayawan, Negros Oriental TBA
Primark Town Center Tagaytay Tagaytay City TBA
Primark Town Center Tacurong Tacurong, Sultan Kudarat TBA First Primark Town Center in Mindanao. The former MS Store.
Primark Town Center Tanjay Tanjay, Negros Oriental TBA
Primark Town Center Manapla Manapla, Negros Occidental TBA
Primark Town Center Siaton Siaton, Negros Oriental TBA
Primark Town Center Pontevedra Pontevedra, Capiz TBA

See also

References

  1. ^ "About Primark Town Center | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
  2. ^ "Primark Shopping | LKY Group". lkygroup.com. Retrieved 2016-11-24.
  3. ^ "The LKY Group | LKY Group". lkygroup.com. Retrieved 2016-11-24.
  4. ^ a b "Philippine Primark Properties, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2016-11-24.
  5. ^ "About Primark Town Center | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
  6. ^ Dumlao-Abadilla, Doris. "SEC oks P1.2B Primark shopping center IPO". business.inquirer.net. Retrieved 2016-11-24.
  7. ^ a b Gonzales, Iris. "Primark Properties gets OK for P1.2-B IPO". philstar.com. Retrieved 2016-11-24.
  8. ^ Gonzales, Iris C. "Town mall developer eyes P1.2 B from IPO". philstar.com. Retrieved 2016-11-24.
  9. ^ "Sorsogon 1, Sorsogon City | LKY Group". lkygroup.com. Retrieved 2016-11-24.
  10. ^ "Primark Locations | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
  11. ^ "Catbalogan City announces new investment, development activities". Sun. Star. 2016-10-14. Retrieved 2016-11-24.
  12. ^ a b "Primark - Primark Opens New Mall in Sorsogon".
  13. ^ "Primark Locations | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
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