SM Prime : Iloilo City & SM Prime Collaborate on PPP to redevelop 2 city public markets
August 08, 2022 at 06:15 am EDT
Share
Iloilo City & SM Prime Collaborate on PPP to redevelop 2 city public markets
Saturday, Aug 6, 2022
Share on FacebookShare on TwitterShare on MailShare on Linked In
In line with the national government's thrust to transform the Philippines through PPPs and collaboration between LGUs and the private sector, Iloilo City Mayor, Jerry Trenas, recently signed the lease agreement with SM Prime Holdings, Inc. for the redevelopment of the Central and Terminal Markets in the bustling Southern capital. SM is investing P1.5B to P2.5B in the project.
SM Prime Holdings Inc. published this content on 06 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 10:13:18 UTC.
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.