SM Prime Holdings, Inc. Opens New Mall in Daet, Camarines Norte
October 12, 2021 at 10:32 pm EDT
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SM Prime Holdings, Inc. (SM Prime) will open SM City Daet on Friday, October 15th, its newest and first mall in the Province of Camarines Norte. This is also the Company's third mall in the Bicol Region, which will add 47,000 square meters (sqm.) of gross floor area (GFA) in its mall portfolio. Situated along the bustling Vinzons Avenue in Barangay Lag-on, SM City Daet will have three levels of shopping, dining and entertainment destinations that are set to bring new flavors and colors in the Bicol Region. SM City Daet will open with more than 70% of space-lease awarded and will house local and international brands including The SM Store, SM Supermarket, SM Appliance, Miniso, Sports Central, Watsons, SurPlus, Ace Hardware and BDO. SM City Daet will also have SM Foodcourt, Cyberzone, wellness, specialty, sports and hobbies shops to offer further selections to its diners and shoppers. This new mall will also provide parking space for various types of vehicles for enhanced malling experience. Meanwhile, the SM Cinema and other amusement centers will be open to the public once allowed to operate by the Inter-Agency Task Force (IATF).
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 82 malls in and outside Metro Manila and eight shopping malls in China, totaling 10.5 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of 19,919 tenants and 1,952 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotel and convention centers and operates and maintains any and all services and facilities incident thereto.
SM PRIME HOLDINGS, INC. 
