SM Prime to expand mall footprint in China

ABS-CBN News

Posted at Apr 24 2019 11:29 AM

MANILA - SM Prime Holdings Inc on Wednesday said it planned to expand its mall footprint in China. 

The company will build a mall in Yangzhou City in the province of Jiangsu, which will add approximately 220,000 square meters to its current portfolio, SM Prime told the stock exchange. 

The planned expansion of SM City in Xiamen will also add another 120,000 sqm to its existing gross floor area of 238,000 sqm, the statement said. 

The mall operator ended 2018 with 79 malls in the Philippines and in China.