SM Prime investing P7 B for Megamall redevelopment

SM Prime Holdings Inc., the integrated property development arm of the Sy family's SM Group, is investing P7 billion for the redevelopment of one of the Philippines' most iconic malls.

- RICHMOND MERCURIO

SM Prime is undertaking a redevelopment of SM Megamall, with phased completion eyed between 2027 and 2029.

With the redevelopment, the company is positioning SM Megamall for the next decade of growth by elevating the customer experience and embedding long-term sustainability measures across the property.