A Landmark Anniversary: Celebrating 30 Years of SM Prime Holdings, Inc.
In the bustling urban landscape of Pasay City, Philippines, a momentous occasion unfolded as SM Prime Holdings, Inc., the esteemed property arm of the SM Group, marked its 30th anniversary as a publicly-listed company on the Philippine Stock Exchange. The journey that began in 1994 under the insightful leadership of entrepreneur Henry Sy Sr. has blossomed into a legacy of transformative growth in the Philippine real estate industry. From its modest origins with four malls, SM Prime has metamorphosed into a premier integrated property developer in Southeast Asia, boasting a diverse portfolio that includes 91 residential developments, 86 malls, 22 office towers, 10 hotels, and 8 convention centers spread across 22 vibrant lifestyle cities.
Reflecting on this momentous milestone, Jeffrey C. Lim, President of SM Prime Holdings, expressed profound gratitude, stating, “We are beyond grateful to reach this remarkable 30th listing anniversary as a public company. Guided by the vision of our founder, Mr. Henry Sy, SM Prime was established to create world-class destinations for shopping, dining, amusement, and entertainment in the Philippines. Over the years, we have continually pushed boundaries as an integrated property developer.”
As SM Prime ushers in its 30th year, exciting new ventures are on the horizon. The company is gearing up to unveil three new malls—SM City Caloocan, SM City J Mall in Cebu, and SM City Laoag in Ilocos Norte. Moreover, iconic landmarks such as SM Megamall are undergoing redevelopment and expansion, with ongoing enhancements at SM Mall of Asia, SM City Cebu, SM City Iloilo, and SM City Bacolod. The company is also focusing on enhancing its Leisure Homes in Tagaytay and Batangas, introducing new hotels with approximately 17,000 rooms, and developing mixed-use commercial buildings that seamlessly integrate office and retail spaces.
Embodying a commitment to community empowerment, SM Prime maintains that 63% of its commercial tenants are Micro, Small, and Medium Enterprises (MSMEs). Through various support programs and initiatives, such as job fairs and collaborations with local government units (LGUs), the company plays a pivotal role in driving economic growth and fostering local entrepreneurship.
Looking ahead, SM Prime reaffirms its dedication to setting new benchmarks in integrated property development across major Philippine cities, emphasizing innovation and sustainability in a bid to enhance the quality of life for millions of Filipinos.
In conclusion, the 30th anniversary of SM Prime Holdings, Inc. stands as a testament to three decades of unprecedented growth, visionary leadership, and unwavering commitment to excellence. As the company embarks on the next phase of its journey, the ethos of innovation, community empowerment, and sustainable development will continue to drive its success and shape the future of Philippine real estate. For more information about SM Prime Holdings, Inc. and its transformative projects, please visit www.smprime.com.
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