SM opens 2nd Cabanatuan mall
SM Prime Holdings Inc., one of the leading integrated property companies in Southeast Asia, opens SM City Cabanatuan today.
It is SM Prime’s 53rd mall in the country and the second in Nueva Ecija province, after SM Megacenter Cabanatuan. The new mall provides an additional 154,020 square meters of gross floor area, expanding SM Prime’s total retail space to 6,762,419 sq. m. in the Philippines.
SM City Cabanatuan is strategically located along Maharlika Highway in Cabanatuan City, the largest city in Nueva Ecija. The city, seated between the provinces of Pampanga, Bulacan, Tarlac and Aurora, serves as the gateway to the north.
“The opening of SM City Cabanatuan is SM Prime’s commitment to be part of the growth of the province. The opening of new malls is timely given the expected higher growth in overall consumption in the fourth quarter,” SM Prime President Hans Sy said in a statement.
“The economy’s sustained GDP [gross domestic product] growth in the past five years is now spreading to the provinces and we at SM Prime will continue to expand in these provinces that are enjoying high growth, like in Cabanatuan City, where we see significant development and huge unserved demand for shopping experiences,” he said.
The mall will open with 90 percent of the space awarded to lessees and serve over 270,000 residents. The shopping mall will have anchor tenants such as The SM Store, SM Supermarket, Ace Hardware, SM Appliance Center, Watson’s, The Body Shop, Surplus Shop and Uniqlo.
The new SM Supermall will provide a state-of-the-art shopping experience for the local shoppers, making it a destination mall. SM City Cabanatuan creates a memorable identity on its primary highway frontage with bold and dynamic colors that complements a featured curved wall.
The four-level mall includes two Sky Gardens namely, the Garden Park, which provides covered shelter, and the Roof Park located at the fourth level. The mall will have six cinemas and 2,500 parking slots for cars and motorcycles.
SM Prime carefully designed the interior of SM City Cabanatuan around a simple plan that allows shoppers to easily stroll around and provides clear line-of-sight to all shops on all levels at the same time.
Interior bridges are strategically built that provide convenient access to all passages of the mall, supplemented by a centrally located glass elevator and escalators. The main interior features a dynamic ceiling that utilizes height of the mall to provide ample daylight, making the mall look spacious, bright and cozy.
SM City Cabanatuan is the third SM Supermall to be opened this year, after SM City San Mateo that opened in May 15. SM Prime is also scheduled to open SM Center Sangandaan in Caloocan and SM Seaside City Cebu this year.
The company is set to expand SM City Lipa in Batangas and SM City Iloilo this year. By the end of 2015, SM Prime will have 55 malls in the Philippines and six in China with an estimated combined floor area of 8,269,486 million sq m.