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Primark Town Center

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Philippine Primark Properties
Primark Town Center
FormerlyLKY Prime Builders
Company typePrivate
IndustryRetail
Founded1996
Headquarters,
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 engaged in the development of Public Market and Town Center 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 opened in Cabiao, Nueva Ecija on November 28, 2014 followed by Echague, Isabela 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, 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. Tacloban City, Leyte 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 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 Teresa Teresa, Rizal 2,883 First primark town center in Rizal.
Primark Town Center Bambang Bambang, Nueva Vizcaya 3,300
Primark Town Center Silang Sta. Rosa-Tagaytay Road, Brgy. Tartaria, Silang, Cavite 9,000
Primark Town Center Cabiao Cabiao, Nueva Ecija November 28, 2014 4,401 The first primark town center in Nueva Ecija.

The first primark town center mall opened in the Philippines.

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 Gerona Gerona, Tarlac September 8, 2017
Primark Town Center Brixton Brixton, Camarin, Caloocan TBA
Primark Town Center Deparo Deparo, Caloocan TBA
Primark Town Center Atherton Atherton, Fairview, Quezon City TBA
Primark Town Center Bauan Bauan, Batangas
Primark Town Center Gapan Gapan, Nueva Ecija June 8, 2017 former Gapan City Mall
Primark Town Center Deparo-Gilmar Caloocan City September 21, 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 October 27, 2017
Primark Town Center Macabebe Macabebe, Pampanga October 30, 2017
Primark Town Center Plaridel Plaridel, Bulacan October 30, 2017 Second Primark mall in Bulacan
Primark Town Center Double L Rodriguez, Rizal November 2017
Primark Town Center Camarin Zapote, Camarin, Caloocan December 2017
Primark Town Center Mexico Mexico, Pampanga 2017
Primark Town Center Cainta Ortigas Ave. Ext. cor. Don Celso S. Tuason Ave. Cainta, Rizal January 18, 2018
Primark Tower Mall Governor's Drive Brgy. San Agustin, Cavite Capitol Complex, Trece Martires City, Cavite
Primark Town Center Cordon Cordon, Isabela February 8, 2018
Primark Town Center Aurora, Isabela Aurora, Isabela February 8, 2018
Primark Town Center Tacurong Tacurong, Sultan Kudarat April 2018 First Primark Town Center in Mindanao. The former MS Store.
Primark Town Center Tagaytay Tagaytay-Nasugbu Highway Brgy. Maharlika East, Tagaytay City, Cavite September 20, 2018 First Primark Town Center branch to carry SM Hypermarket. Second in Cavite area.
Primark Town Center Rosario Gen. Trias Drive Poblacion, Rosario, Cavite October 2, 2018 A Public-Private Partnership of the Municipality of Rosario with Philippine Primark Properties Inc.
Primark Town Center Caibaan Tacloban City March 14, 2019 First Primark Town Center in the Visayas
Tower Mall Trece Martires, Cavite A Public-Private Partnership of the City Government of Trece Martires & Philippine Primark Properties Inc.
Primark Town Center Noveleta Noveleta, Cavite April 24, 2019
Primark Town Center Tayabas Tayabas City, Quezon Province May 14, 2019
Primark Town Center Mactan, Cebu Mactan, Cebu
Primark Town Center Kasiglahan Rodriguez, Rizal TBA

Future Branches

Name Location and description Opening Date GFA (m2) Remarks
Town Center Pontevedra Pontevedra, Capiz December 2020 Under Construction
Town Center Aparri Aparri, Cagayan March 2021
Town Center Solana Solana , Cagayan TBA
Town Center Sogod Sogod, Southern Leyte TBA
Town Center Lal-lo Lal-lo, Cagayan TBA
Town Center Tuao Tuao, Cagayan TBA Puregold Tuao
Town Center Sorsogon City Sorsogon City TBA
Primark Town Center Catbalogan Catbalogan City, Samar TBA 30,000 Former Catbalogan Public Market-U/C
Primark Town Center Binmaley Binmaley, Pangasinan 3,541
Primark Town Center - V & G Subd., Tacloban Tacloban City, Leyte
Primark Town Center, Paliparan Paliparan, Dasmariñas City, Cavite 10,371
Primark Town Center Antipolo Antipolo City, Rizal 3,129
Primark Town Center Muñoz Muñoz, Nueva Ecija 5,423
Primark Town Center Santiago Batal, Santiago City, Isabela TBA Under Construction
Primark Town Center Bayombong Barangay Busilac, Bayombong, Nueva Vizcaya TBA Soon to rise

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". Philippine Daily Inquirer. Retrieved 2016-11-24.
  7. ^ a b Gonzales, Iris. "Primark Properties gets OK for P1.2-B IPO". The Philippine Star. Retrieved 2016-11-24.
  8. ^ Gonzales, Iris C. "Town mall developer eyes P1.2 B from IPO". The Philippine Star. 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.