SM Prime
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File:SM Prime Logo 2010.png | |
Company type | Public company |
---|---|
PSE: SMPH | |
Industry | Property, shopping malls and retailing |
Founded | Manila, Philippines 1958 |
Headquarters | Pasay City, Philippines |
Number of locations | 71 malls 2,303 stores nationwide 48 SM Supermarkets, 44 SM Hypermarkets, 156 Savemore stores, 39 WalterMart stores, 210 Alfamart stores, and 1,749 specialty stores[1][2] |
Area served | Philippines China Guam |
Key people | Henry Sy, Sr. (founder, Chairman and CEO) |
Parent | SM Investments Corporation |
Website | SM Prime Holdings |
SM Prime Holdings, Inc. or SM Prime is the parent company of the SM Group's shopping malls. It is the largest shopping mall and retail operator in the Philippines. It was incorporated on 6 January 1994 to develop, conduct, operate and maintain the SM commercial shopping centres and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centres. It went public on July 5, 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue. As of 2007, SM Prime Holdings became one of the largest shopping mall chains in the world. The company's main sources of revenues primarily include rental income from mall and food courts, as well as from cinema ticket sales and amusement income.
Currently, it has 70 malls, 63 in the Philippines and 7 in China, totaling a gross floor area of 9.1 million square meters located in the following locations: Metro Manila, Baguio City, Pangasinan, Cauayan City, Central Luzon (Cabanatuan City, Bulacan, Pampanga and Angeles City, Tarlac and Olongapo City), Calabarzon (Cavite, Laguna, Batangas, Rizal and Lucena City), Naga City, Visayas (Iloilo City, Bacolod City and Cebu City) and Mindanao (Davao City, Cagayan de Oro City, General Santos City and Zamboanga City), as well as in Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing, Zibo and Tianjing.
On April 2, 2008, SM Investments Corp. (the parent company to SM Prime) announced that it would participate in a $1 billion casino project in Manila. The 40-hectare Bagong Nayong Pilipino-Manila Bay Integrated Tourism Project consists of a casino, hotels, shopping malls and other entertainment facilities.[3] In July 2012, SM partnered with Lawrence Ho of Macau-based Melco International Development, the son of casino magnate Stanley Ho, and James Packer, the son of the late Australian media giant, Kerry Packer, to proceed with the new casino development, which is expected to capitalize on a growing middle class and increased tourism.[4]
History
The roots of SM date back to the 1950s when entrepreneur Henry Sy, Sr. established a shoe store in Carriedo, the then-central business district of Manila. His aggressive and adamant strategy helped him gain large profits within a few years and he later expanded his business in Quiapo to become a fully functioning department store named "Shoemart", specialising in the sale of shoes, the sector of which the store originally was. Shoemart was later abbreviated to SM and became commonly known as "SM" or "Shoemart" by the locals. The SM in Carriedo was later abandoned and moved to the present site in Quiapo near the Manila LRT Line 1. The old site was demolished in 1982 and was turned into its Clearance Outlet.
The first SM Supermall, SM City North EDSA, was opened in 1985. Each contains at least one or more amusement facilities, such as cinemas, bowling centers, convention centres and game arcades.
Located in several cities and areas in Metro Manila, as well as major provincial cities, each SM is easily accessible and situated by places of public interest, such as churches, schools, and highways. SM opened its first department store outside Metro Manila (SM Delgado) in Iloilo City in 1979 and was relaunched in 2004.
On May 21, 2006, SM opened the SM Mall of Asia.
On May 17, 2013, SM opened the SM Aura Premier. The same year, the company announced a merger with SM Land, which owns SM Development and Commercial Properties Group. As a result, upon approval by Securities and Exchange Commission, SM Prime is one of the largest property companies in the Southeast Asia region, competing with Gokongwei-led Robinsons Land (which owns Robinsons Malls and Tan-led Megaworld Corporation).[5]
Malls
SM Prime Holdings maintains shopping malls in both the Philippines and China.
Standalone department stores
The SM standalone department stores were some of the first department stores before the company grew into a big business.
Name | Opening | Location |
---|---|---|
SM Quiapo (clearance store) | November 1972 | Carriedo St., Quiapo, Manila |
SM Makati (flagship store) | September 1975 | Ayala Center cor. EDSA, Makati City, Metro Manila |
SM Cubao | October 1978 | Araneta Center, Cubao, Quezon City, Metro Manila |
SM Delgado (Iloilo) | May 1979 | Valeria Street cor. Delgado Street, Iloilo City, Iloilo |
SM Harrison | October 1984 | Adriatico St., Malate, Manila |
Commercial Properties Group
Currently operating office buildings
- One E-Com Center
- Two E-com Center
- Five E-com Center
- SM Cyber Makati One
- SM Cyber Makati Two
- Cyber West
Future office buildings
- ThreeE-com Center
- FourE-com Center
- SixE-com Center
Events destination
Residential properties
SM Development Corporation (SMDC)
To date, properties of SM Development Corporation are situated in areas across Metro Manila specifically in the cities of Las Piñas, Makati, Mandaluyong, Manila (City of Manila), Parañaque, Pasay, Pasig, Quezon City, and Taguig, as well as Tagaytay City in the province of Cavite.
SMDC Premier
Name | Location |
---|---|
Air Residences | Makati City |
Coast Residences | Pasay City |
Fame Residences | Mandaluyong City |
Red Residences | Makati City |
S Residences | Pasay City |
SMDC Properties
Name | Location |
---|---|
Berkeley Residences | Katipunan Avenue, Quezon City |
Bloom Residences | |
Blue Residences | |
Breeze Residences | |
Charm Residences | |
Chateau Elysee | Bicutan, Parañaque City |
Cheerful Homes | |
Cheer Residences | |
Field Residences | SM City Sucat Complex, Parañaque City |
Grace Residences | |
Grass Residences | SM North EDSA Complex, Quezon City |
Green Residences | Taft Avenue, Manila |
Green 2 Residences | Dasmariñas City |
Hope Residences | SM City Trece Martires Complex, Trece Martires City |
Jazz Residences | Makati City |
Joy Residences | SM City Baliwag Complex, Baliuag, Bulacan |
Leaf Residences | |
Light Residences | Mandaluyong City |
Mezza Residences | Sta. Mesa, Quezon City |
Mezza II Residences | Sta. Mesa, Quezon City |
Mezza II Residences | Sta. Mesa, Quezon City |
M Place Residences | Quezon City |
Park Residences | |
Princeton Residences | Aurora Boulevard, Quezon City |
Sea Residences | Mall of Asia Complex, Pasay City |
Shell Residences | Mall of Asia Complex, Pasay City |
Shine Residences | Ortigas Center, Pasig City |
Shore Residences | Mall of Asia Complex, Pasay City |
Shore 2 Residences | Mall of Asia Complex, Pasay City |
South Residences | |
Spring Residences | |
Sun Residences | Aurora Boulevard, Quezon City |
Style Residences | SM MicroCity Complex, Iloilo City |
Tree Residences | |
Vine Residences | |
Wind Residences | Tagaytay City |
Tagaytay Highlands Highlands Prime, Inc. is a property developer in Tagaytay with 1,300 hectares of property in the Tagaytay Highlands mountain resort and residential complex.
The Highlands
- The Woodridge
- The Woodridge Place
- The Woodridge Place Phase II
- The Woodlands Point
- The Woodlands
- The Belle View
- Pinecrest Village
- The Villas
- The Hillside
- Aspenhills
'The Greenlands'
- Fairfield
- Nob Hill
- The Verandas
- The Parks at Saratoga Hills
- Plantation Hills
The Midlands
- Sierra Lago
- The Horizon
- Pueblo Real
- Alta Mira
- Lakeview Heights
- Lakewood Fairways
- Kew Gardens
- Terrazas de Alava
- Lakeside Enclave
- Tivoli Place
- Cotswold
- Katsura
- Yume
- Sycamore Heights
- Vireya
- Horizon Terraces
Hotels and convention centers
Hotels
Name | Location |
---|---|
Taal Vista Hotel | Tagaytay City |
Radisson Blu Hotel | Cebu City |
Pico Sands Hotel | Batangas |
Park Inn by Radisson - Davao | Davao City |
Park Inn by Radisson - Clark | Pampanga |
Park Inn by Radisson - Iloilo | Iloilo City |
Conrad Manila | Pasay City |
Convention centers
Name | Location |
---|---|
SMX Manila | Pasay City |
SMX Urdaneta | Urdaneta City |
SMX Taguig | Taguig City |
SMX Bacolod | Bacolod City |
SMX Davao | Davao City |
See also
- SM Supermalls
- The SM Store
- List of shopping malls in the Philippines
- List of largest shopping malls in the Philippines
References
- ^ https://www.bdo.com.ph/sites/default/files/pdf/BDO-Unibank-2016-Annual-Report.pdf
- ^ http://www.sminvestments.com/sites/default/files/reports/2016%20SMIC%20Annual%20Report.pdf
- ^ Inquirer.net, SM joins $1B casino project, Alliance gains on Star Cruises tie-up
- ^ Macau's Melco in $1 billion Philippine casino project
- ^ SEC approval of amendment to Plan of Merger bet. SMPH and SM Land - PSE.com.ph