SM Prime aims for 130 malls by 2035 with national growth

SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, is planning to expand its portfolio to 130 malls by its 50th year, in 2035, as it intends to consistently open four new malls starting next year.

- By JAMES A. LOYOLA

During Manila Bulletin’s The Sit Down, SM Supermalls President Steven Tan said their current count is 88 malls and they expect to hit 100 malls by 2028. The four malls to be opened every year will mostly be outside Metro Manila and will include one flagship mall per year.

“We have strategized all our plans. Not just for the next five years but, in the next 10 years, we will be putting regional malls or flagship malls not just in Metro Manila, but also outside, outside Luzon,” he said.