News

(28 November 2007. Pasay City, Philippines.) SM Prime Holdings, Inc. (“SM Prime�) has just expanded SM City Cebu with the opening of its new annex, bringing total GFA to 268,611 square meters (sqm), making it the largest SM mall in the Visayas region. The new wing of SM City Cebu, which will be inaugurated on November 30, 2007 has a gross floor area (GFA) of 107,049 sqm.

SM Prime President Mr. Hans Sy said: “SM City Cebu is now our fourth largest mall. This attests to our optimism about Cebu’s bright future and its unquestionable role as the center for trade, business and tourism in the Visayas region. It enjoys many natural attractions ranging from its rich history, culture, excellent beaches and dive destinations. As such we honor the place with this significant expansion of SM City Cebu.� 

The annex of SM City Cebu will house popular food and beverage outlets Pizza Hut, Gerry’s Grill, Figaro, and Breadtalk; fashion boutiques Bayo, Charles & Keith, and People are People; and specialty shops The Skin Food and The Face Shop, among others. In addition, the annex will have SM Appliance, Watsons, Our Home, and Banco de Oro as junior anchor tenants. 

Earlier this month, SM Prime opened SM City Taytay and SM Supercenter Muntinlupa. For 2008, the company is scheduled to open three new malls and expand two existing ones, adding 242,000 sqm. of GFA to its nationwide chain of shopping centers. By the end of next year, SM Prime will have 33 malls all over the country, with a total GFA of approximately 4.1 million sqm.

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For further inquiries:

Mr. Jeffrey C. Lim
Executive Vice President
SM Prime Holdings, Inc.
Email: jcl@smprime.com
Tel no: 831-1000 loc. 1401