SM to open first mall in Ilocos Norte | ABS-CBN

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SM to open first mall in Ilocos Norte

Benise Balaoing,

ABS-CBN News

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MANILA -- SM Prime Holdings is opening its first SM mall in Ilocos Norte.

Located near the Laoag International Airport, SM City Laoag will open on May 30 with over 51,000 square meters of gross leasable space across three floors.

SM Prime said 90 percent of the leasable spaces have been awarded to tenants, including Levi’s, Columbia, Adidas, Watsons and Parfois, and restaurants like TGI Fridays, Vikings, and Marugame Udon.

The mall is expected to create 4,000 jobs for Ilocanos, SM Prime said.

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“The opening of SM City Laoag reinforces our commitment to bring modern, accessible and community-oriented retail experiences to underserved but fast-growing areas,” said SM Prime president Jeffrey Lim.

The company said it was also mulling the possible development of a hotel in Laoag to tap into the area’s growing potential for tourism and meetings, incentives, conventions, and exhibitions. SM Prime earlier said it was looking at integrated property developments and premium residences to drive growth in the next three years.

Earlier this year, SM said it was investing up to P33 billion this year to expand its malls, hotels, and even office towers.

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