SM Prime set to open 4th mall in Cebu,87th in PH

Property developer SM Prime Holdings Inc. (SMPH) said Wednesday it will open on Friday SM City J Mall in Mandaue City, Cebu, its 87th in the country.

SMPH said in a disclosure to the stock exchange SM City J Mall would also be the group’s fourth mall in Metro Cebu and eighth in the Visayas region.

“The opening of SM City J Mall reflects our confidence in the robust economic growth of Central Visayas,” said SMPH president Jeffrey Lim.

“This new mall is designed to cater to the increasing demand for premium commercial and lifestyle experiences in Mandaue City,” he said.

SM City J Mall is situated along A.S. Fortuna Street in Barangay Bakilid, maximizing accessibility and visibility for both residents and tourists.

The four-level mall has over 100,000 square meters of gross floor area (GFA), offering a diverse mix of retail, dining and entertainment options. The mall has already pre-leased about 80 percent of its gross leasable area.

Anchor tenants include SM-owned retail and affiliate companies including The SM Store, SM Hypermarket, SM Appliance Center, Watsons, Uniqlo, Levi’s, Miniso, Pet Express, Sports Central, Ace Hardware and BDO and Chinabank.

Mandaue is a first-class highly urbanized city located in the central-eastern coastal region of the island province of Cebu. It is the industrial hub in the Central Visayas region and hosts around 10,000 industrial and commercial locators.

Data from the Philippine Statistics Authority show that Central Visayas posted the highest economic growth rate among the country’s 17 regions in 2023, expanding by 7.3 percent.

SM City J Mall will feature two Director’s Club cinemas, a curated Food Hall and unique lifestyle services to enhance customer experience and drive foot traffic.

The building is also designed to provide ample parking for a thousand vehicles.

“Our expansion into thriving regional hubs like Mandaue City is integral to our strategy of driving economic progress across the Philippines and delivering sustainable value to our stakeholders,” said Lim.