Retail and real estate giant SM Prime Holdings, Inc. will open a new mall in Cagayan Valley, its first in the region.
SM Center Tuguegarao Downtown will be SM's 65th, and will open on Thursday, October 12, the company said in a statement.
The additional 37,000 square meters in gross floor area (GFA) will bring the company's total Philippine GFA portfolio to 8.0 million square meters.
SM Center Tuguegarao Downtown, located along the city's main highway, will bring household brands like Ace Hardware, Surplus, Watsons, Miniso, and Simply Shoes to the region.
"We are very excited on how this new mall will give a unique shopping experience to this urbanized city in northern Luzon and how it will contribute further to the development of the Province of Cagayan Valley," SM Prime President Jeffrey C. Lim said.
SM also launched SM City Puerto Princesa in Palawan, SM CDO Downtown Premier in Cagayan de Oro, S Mansion at Conrad Manila in Pasay and SM Cherry Antipolo in Rizal this year.