SM Prime Holdings, Inc.

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SM Prime Holdings, Inc a part of the SM Group of Companies, is the largest mall operator in the ref>HPhilippines. It was incorporated on 06 January 1994 to develop, conduct, operate and maintain the SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centers. It later went public on 05 July 1994.

The Company's main sources of revenues include rental income from mall and food courts, cinema ticket sales and amusement income from bowling and ice-skating.

Currently, it has 20 operating malls totaling a gross floor area of 5.6 million square meters located in Metro Manila, Angeles City, Bulacan, Laguna, Cavite, Olongapo City, Batangas City, Laguna, Bacolod City, Pangasinan, Rizal, Quezon, Pampanga, Baguio, Cebu, Iloilo, Davao, Naga City, Cauayan City, Cagayan de Oro. soon Cabanatuan City, Puerto Princesa City, San Jose Del Monte City, Santiago, Isabela, Tuguegarao City, Laoag City, and Catarman, Northern Samar, Bislig City, Malaybalay City, and Zamboanga City SMPH has amassed a land bank of 130 hectares in 14 different strategic locations.

Results of Operations

SMPH posted an 8.6% increase in net income to P4.62 billion from P4.26 billion. This is due to a healthy increase in gross revenues, by 15.99% to P10.21 billion from P8.80 billion. Rental income, which contributed 80.14% of the Company's revenues, rose by 17.18% to P8.18 billion from P6.98 billion. This was due to rentals from three additional SM Supermalls opened in the last quarter of 2003, namely, SM City Lucena, SM City Baguio and SM City Marilao and the opening of SM City Dasmarinas and SM City Batangas in 2004. On the other hand cinema ticket sales increased by 11.26% to P1.50 billion from P1.34 billion. Other sources of revenue grew 12.01% to P532.52 million from P475.43 million.


History

The first SM Supermall, SM City North EDSA,was opened in 1985 and started the Philippine "malling" phenomenon. Each SM features shopping (both local and international brands), restaurants and fast food dining, amusement areas (bowling lanes, ice skating, theme rides and games), leisure (as many as 12 cinemas under one roof) and convention and trade exhibition centers.

The first department store is the SM Quiapo which was opened in the 1950's but now it was removed and moved in the present site near the Manila LRT Yellow Line. The old site was removed on the year of 1982.

Located in several cities and areas in Metro Manila, as well as major provincial cities, each SM is easily accessible and situated by places of public interest (churches, schools, major roads and highways, etc).

The first ice skating rink in the Philippines was opened in the SM Megamall in 1991. With this first, SM introduced Filipinos to an art-sport otherwise unpopular in tropical countries. The SM Supermalls also house 146 cinemas (with over 103,708 total seating capacity), making SM Prime Holdings, Inc. the largest cinema operator in the country.

As of 2006, SM Prime Holdings, Inc. is embarking on an aggressive expansion program within the next five years. In preparation for this expansion, SM Prime Holdings, Inc. has amassed a total landbank of 96.6 hectares in 10 strategic locations. Included are attractive properties in provinces where urbanization is steadily underway, such as Cabanatuan, Pangasinan and Bulacan.

By 2006, five additional SM Supermalls will be operational, including the Mall of Asia which has opened recently. This is SM Prime Holdings, Inc.’s most extensive project to date.

By 2015 SM Prime Holdings soon to rise SM DreamSide City in Guadalupe Nuevo, Makati City

The SM Group has engaged in other retail endeavors through other SM- related companies such as, among others: Watsons Personal Care Stores, Inc., a joint-venture with Hutchison-Whampoa Ltd. of Hong Kong; International Toy World (Toy Kingdom); Ace Hardware Philippines, a joint-venture with Ace Hardware Corporation USA; Star Appliance Center; Surplus Shop; Sports Central; Baby & Co.; Home World; and Our Home. The amusement is only SM Storyland by Alexis Cerado.

Malls

SM City North EDSA (click photo for summary) with MMDA Overpass and North Avenue.
File:Sm megamall.jpg
SM Megamall (facing EDSA) seen from the train of Manila MRT.
Annex 3 or The Block inside SM North EDSA.

SM Supermalls

Name Opening Land area (m²) Floor area (m²) Location
SM City North EDSA November 1985 187,000 460,000 North Avenue cor. EDSA, Quezon City, Metro Manila
SM City Sta. Mesa (formerly SM Centerpoint) September 1990 30,000 133,327 Ramon Magsaysay Boulevard cor. Araneta Ave., Barangay Dona Imelda Quezon City, Metro Manila
SM Megamall Ortigas June 1991 184,000 346,679 EDSA cor. Julia Vargas Avenue, Ortigas Center, Mandaluyong City, Metro Manila
SM City Cebu November 1993 161,562 268,611 North Reclamation Area, Cebu City, Cebu
SM City Southmall April 1995 200,000 205,120 Alabang-Zapote Road, Las Piñas City, Metro Manila
SM City Bacoor July 1997 88,000 116,892 General Emilio Aguinaldo Highway cor. Tirona Highway, Brgy. Habay, Bacoor, Cavite
SM City Fairview October 1997 200,000 182,783 Quirino Hwy. cor. Regalado Ave. and Belfast St., Greater Lagro, Quezon City, Metro Manila
SM City Iloilo June 1999 175,000 101,735 Benigno S. Aquino Jr. Avenue, Jaro West Diversion Road, Mandurriao, Iloilo City, Iloilo
SM City Manila April 2000 25,000 166,554 Natividad Almeda-Lopez (formerly called Concepcion) corner A. Villegas (formerly called Arroceros) and San Marcelino Streets, Ermita, Manila
SM City Pampanga November 2000 316,000 129,102 Olongapo-Gapan Road corner North Luzon Expressway, Brgy. Lagundi, Mexico, Pampanga and Brgy San Jose, City of San Fernando, Pampanga
SM City Sucat (formerly SM Supercenter Sucat) July 2001 65,000 98,106 Dr. A. Santos Avenue corner Carlos P. Garcia Avenue Extension (C5), Brgy. San Dionisio, Parañaque City, Metro Manila
SM City Davao November 2001 132,000 75,440 Quimpo Boulevard corner Tulip Drive, Ecoland Subdivision, Brgy. Matina, Davao City, Davao Region
SM City Bicutan November 2002 18,000 112,737 Doña Soledad Avenue corner West Service Road (beside Exit 14, Bicutan exit), Brgy. Don Bosco, Bicutan, Parañaque City, Metro Manila
SM City Cagayan de Oro November 2002 52,000 86,288 Mastersons Avenue cor Gran Via St., Brgy. Carmen, Cagayan de Oro City, Misamis Oriental
SM City Lucena October 3, 2003 80,000 78,655 Maharlika Highway corner Dalahican Road, Brgy. Ibabang Dupay, Lucena City, Quezon
SM City Baguio November 2003 80,000 105,331 Luneta Hill, Upper Session Road corner Governor Pack Road, Baguio City, Benguet
SM City Marilao November 2003 203,000 88,654 MacArthur Highway, Brgy. Lias, Marilao, Bulacan
SM City Dasmariñas May 21, 2004 127,000 79,792 Governor's Drive, Brgy. Sampaloc 1, Dasmariñas, Cavite [1]
SM City Batangas November 12, 2004 85,000 76,819 Brgy. Pallocan Kanluran, Batangas City, Batangas
SM City San Lazaro July 15, 2005 40,000 179,000 Felix Huertas Street corner Arsenio H. Lacson Extension, Santa Cruz, Manila
SM Supercenter Valenzuela October 28, 2005 24,000 61,460 MacArthur Highway, Brgy. Karuhatan, Valenzuela City, Metro Manila
SM Supercenter Molino November 18, 2005 48,000 48,248 Molino Road, Brgy. Molino 4, Bacoor, Cavite
SM City Santa Rosa February 17, 2006 170,000 79,325 Old National Highway, Barrio Tagapo, Santa Rosa City, Laguna
SM City Clark May 12, 2006 176,500 98,824.19 M.A. Roxas Avenue, Clark Special Economic Zone, Angeles City, Pampanga
SM Mall of Asia May 21, 2006 145,000 407,101 SM Central Business Park, North Reclamation Area, Bay City, Pasay City, Metro Manila
SM Supercenter Pasig August 19, 2006 20,080 29,017.12 E. Rodriguez, Jr. Ave. (C5) corner Doña Julia Vargas Ave., Frontera Verde, Ortigas Center, Brgy. Ugong, Pasig City, Metro Manila
SM City Lipa September 22, 2006 103,242 72,035 J.P. Laurel Highway, Lipa City, Batangas
SM City Bacolod March 2, 2007 161,096.60 61,413 Rizal Avenue, Reclamation Area, Bacolod City, Negros Occidental
SM City Taytay November 9, 2007 38,525 91,920 Manila East Road corner Bulacan-Rizal-Manila-Cavite Regional Expressway, Taytay, Rizal
SM Supercenter Muntinlupa November 16, 2007 36,601 52,000 km. 29 National Road, Tunasan, Muntinlupa City
SM City Marikina September 5, 2008 60,000 124,877.85 Marcos Highway corner East Marikina Riverbanks Service Road, Marikina Riverbanks, Calumpang, Marikina City, Metro Manila
SM City Rosales November 28, 2008 121,685 60,989 McArthur Highway, Rosales, Pangasinan
SM City Baliuag December 12, 2008 89,000 61,000 DRT Highway, Brgy. Pagala, Baliuag, Bulacan
SM City Naga 2009 46,000 [2] 87,959.38 [3] CBD II, Brgy. Triangulo, Naga City, Camarines Sur
SM Supercenter Pamplona 2009 40,000 National Road, Pamplona, Las Piñas City, Metro Manila
SM Supercenter Rosario 2009 50,000 General Trias Drive, Tejeros Convention, Rosario, Cavite
SM Supercenter Commonwealth 2010 ? ? Commonwealth Avenue, Quezon City [1]
SM City Novaliches October 22, 2010 ? ? Quirino Highway, Novaliches, Quezon City [2]
SM City San Pablo 2010 ? ? San Pablo City, Laguna [3]
SM Megamall Santiago 2011 ? ? Brgy. Malvar, Santiago City, Isabela [4]
sm city general santos ? ? ? santiago blvd., general santos city [5]
SM City Cebu-2 2012 250,000 500,000 South Road Properties, Cebu City [6]
SM City Cauayan 2014 Cauayan City, Isabela
SM SuperXtra Soon TBA TBA Mahalika Rd, Busilac, Bayombong, Nueva Vizcaya
SM Divisoria City Santiago Soon TBA TBA Brgy. Divisoria, Santiago City, Isabela
SM City Tuguegarao Soon TBA TBA Tuguegarao, Cagayan
SM City Santiago 2015 TBA TBA Ferrer Ave Santiago, Isabela
SM City Catarman 2016 TBA TBA Catarman, Northern Samar
SM City Laoag 2016 TBA TBA Laoag City, Ilocos Norte

Branches in China

  • SM North Xiamen
  • SM South Xiamen
  • SM Chuan (soon to open;under construction)

Branches in the United States of America

  • SM Guam

Standalone Appliance Centers

Name Address
SAC Rockwell Power Plant Mall Rockwell Power Plant, Brgy. Poblacion, Makati City
SAC V-Mall Greenhills V-Mall, Ortigas Avenue, Greenhills, San Juan, Metro Manila

Specialty Shopping Malls

Standalone Department Stores

Standalone Supermarkets

SM SupeRadio

Template:Main

SM SupeRadio (DWSM 1188 KHz Manila) is the radio station of SM Prime Holdings, Inc. (a joint venture with Bombo Radyo Philippines), with its broadcast team semi-independent of the main paper editorial team as it is mostly composed of career radio people. Its first terrestrial broadcast on radio was on November 8, 1985.

Slogan

SM Supermalls and Department Store: We've got it all for you!

SM Supermarket: Always there for you and me!

External links



Original Source

Original content from Wikipedia under GNU Free Documentation License. See full disclaimer.

  1. Kristine Jane R. Liu. February 26, 2009. "Developers building more malls in time for economic recovery". Business World. SM Prime Holdings
  2. Kristine Jane R. Liu. February 26, 2009. "Developers building more malls in time for economic recovery". Business World. SM Prime Holdings
  3. Kristine Jane R. Liu. February 26, 2009. "Developers building more malls in time for economic recovery". Business World. SM Prime Holdings
  4. R. Alluad. February 26, 2009. "SM Prime to Build Santiago Megamall". Business Mirror. SM Prime Holdings
  5. Madrilejos-Reyes. March 3, 2009. "SM Prime to Build Shopping Complex Near The Fort". Business Mirror. SM Prime Holdings
  6. http://www.smprime.com/News.php?BlurbID=2047 SM Prime Holdings]