SM Prime sets P80-billion 2018 capital expenditure for provincial businesses
SM Prime

MANILA – SM Prime Holdings Inc on Tuesday said it has set an P80-billion capital expenditure for 2018 to support the growth and expansion of its businesses in the provinces. The capex will be allocated to key provincial cities, SM Prime, integrated property and SM malls operator, told the stock exchange. “We want to take […]

SM Prime mulls REIT listing
SM Prime

SM PRIME Holdings, Inc. can raise between $500 million and $1 billion should it launch a real estate investment trust (REIT) on the stock exchange, an option the company continues to explore amid plans to undertake more reclamation and other projects.   Listing a REIT on the Philippine Stock Exchange (PSE) remains an option for […]

SM, Robinsons, Megaworld take top awards for retailing
SM City North Edsa

MANILA, Philippines – Three of the biggest family conglomerates that owned shopping centers were hailed as among the best local retailers and owners last Thursday. The SM Group, Robinsons Retail Holdings and Megaworld had been awarded by the Philippine Retailers Association (PRA). The companies are owned by the Sy, Gokongwei and Tan families. Specifically, SM […]

SM Prime betting big on low-cost housing
SM Prime

SM PRIME Holdings, Inc. expects its low-cost housing business to eventually account for half of the residential business, as the property conglomerate of tycoon Henry Sy, Sr. plans to start selling units at its maiden real estate venture in China next year. Jose Mari H. Banzon, SM Prime business unit head for primary residential, told […]

Ayala, SM, Aboitiz, Megaworld likely to pull out of Laguna Lakeshore PPP if…
Ayala SM Aboitiz Megaworld

THE “mega” consortium formed by the country’s  biggest property developers is pulling out of the running for the P123-billion Laguna Lakeshore Expressway Dike deal if the government proceeds with the auction on Monday. Individuals with direct knowledge of the matter told the Inquirer that the Team Trident consortium, whose members are Ayala Land Inc., SM […]

SM Prime to build P5-b Ortigas towers
SM Prime

SM Prime Holdings Inc., the country’s largest real estate developer, said it will spend between P4 billion and P5 billion to develop high-end office towers near SM Megamall in the Ortigas central business district. SM Prime vice president for finance Ma. Teresa Cecilia Reyes said the planned S-shaped office towers would rise between SM Megamall […]