SM Prime is the Philippines’ dominant player in the mall business with over 7 million square meters of gross floor area (GFA) across the country. Publicly listed since 1994, it now owns and operates world-class destination malls; all designed towards giving customers a unique experience.
The company continues to expand its geographical footprint, demonstrating its catalyst role for economic development in various parts of the country. While Metro Manila represents the biggest concentration of SM malls in terms of total floor area, SM Prime has expanded into emerging growth centers across the country.
In less than three decades, it now operates nearly 60 malls nationwide, a testament to its commitment to reaching out to all Filipinos and providing the one-stop concept that SM has always been known for. SM Supermalls has changed the landscape of shopping, dining, entertainment, space design and architecture in the country as it continues to innovate and grow in size, sophistication, concepts, and environmental sustainability. Through the malls, SM Prime serves as a major source of employment in the Philippines and provides economic mobility opportunities for its citizens.
SM Prime has several premium malls which are among the largest in the world. Three of them are in Metro Manila’s tourism and trade hot spots - SM Megamall in Mandaluyong City, SM North EDSA in Quezon City and SM Mall of Asia in Pasay City, which have a total GFA of 1.3 million square meters and attract a daily footfall of nearly 10% of Metro Manila's population. SM Seaside Cebu, the largest mall in the Visayas and Mindanao area and one of the country’s biggest malls, anchors the company’s operations in the region. In Mindanao, SM Lanang Davao Premier is the province’s largest premier shopping and lifestyle destination.
More than size, these malls offer innovative features like the utilization of green technology to support environmental sustainability, better community growth and township planning as well as providing facilities for persons with disability and special needs.
The company also recognizes growth opportunities in the metropolis especially in operating community malls. In view of this, SM Prime recently entered into a joint venture with Walter Mart, a community shopping center operator which has malls across Luzon.
Through its integrated approach towards mall management, SM Prime has provided Filipinos with many ‘firsts’ - such as the first Olympic-sized ice skating rink and one of the world’s largest IMAX screens with a height of an eight-storey building. SM malls have become a one-stop destination that caters to families, students, tour groups, and foreign and local business delegates. These malls also offer a wide array of services that include wellness facilities, health clinics and even government services.
Learn more: SM Supermalls