SM to open fourth mall in Pampanga

ABS-CBN News

Posted at May 17 2018 10:54 AM

SM City Telabastagan is shown in this photo from the SM Prime Holdings website

MANILA - SM Prime Holdings said it would open on Friday its fourth mall in Pampanga province north of the capital.

SM City Telabastagan will have 55,000 square meters of retail space spread across 2 floors, the mall operator owned by the country's richest man, Henry Sy, told the stock exchange on Thursday.

The company opened SM Center Imus in Cavite last Feburary and SM City Urdaneta Central in Pangasinan last May,. It said it would open 2 more malls in the second half.

Shares of SM Prime were up 0.52 percent in early trading compared to a 0.47-percent decline on the main index.