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SM Prime earmarks P7 billion for SM Megamall upgrade
Business World Philippines
|August 13, 2025
SM PRIME HOLDINGS, INC. has allocated P7 billion for the phased redevelopment of SM Megamall in Mandaluyong City, aiming for full completion by 2029 to expand leasable space, enhance sustainability, and improve customer experience.
SM Megamall’s redevelopment will have a phased completion starting in 2027, SM Prime said in a statement on Tuesday.
With the redevelopment, SM Megamall will see the addition of 20,000 square meters (sq.m.) of gross leasable area, a new four-level basement parking facility with over 1,600 slots, expanded walkways and ceilings, and improved circulation through wider corridors and modernized vertical transport, the company said.
Dit verhaal komt uit de August 13, 2025-editie van Business World Philippines.
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