SM Prime opens new mall in Cebu


Posted at May 31 2012 01:32 PM | Updated as of May 31 2012 11:29 PM

MANILA, Philippines - Mall developer and operator SM Prime Holdings Inc. is opening its 43rd shopping mall in the country, SM City Consolacion in Cebu, on Friday.

The new shopping mall, which has a gross floor area (GFA) of 106,857 square meters, is located along the Cebu North Road, Barangay Lamac, Consolacion, Cebu. This is the second SM mall in Cebu.

"The region of Cebu remains to be a key expansion area for SM malls. This reflects our continued confidence in the prospects of Cebu, given its dynamic population and flourishing business landscape, especially its vibrant export sector, which contributes significantly to the country’s economic growth," said SM Prime President Hans T. Sy, in a statement.

SM City Consolacion will have a SM Department Store, SM Supermarket, as well as fast food chains Jollibee, Chowking, Greenwich, Red Ribbon, Pizza Hut, KFC, and Mang Inasal.

Restaurants serving Cebuano cuisine, such as Chika-an Sa Cebu and Jonie’s Chicken, can also be found in the mall.

After SM City Consolacion, SM Prime is also constructing a P4.5 billion shopping mall in the reclaimed South Road Properties (SRP). The mall, which is targeted to open in the third quarter of 2014, is part of the 30-hectare mixed use development project of SM Prime in Cebu called SM Seaside City.