SM City Novaliches opens Friday

ABS-CBN News

Posted at Oct 21 2010 12:46 PM | Updated as of Oct 21 2010 08:46 PM

MANILA, Philippines - SM Prime Holdings Inc., the country's largest mall developer, will open its 40th shopping mall in the country, SM City Novaliches, on Friday.

The mall, with gross floor area (GFA) of 60,334 square meters (sqm), is located along Quirino Highway in Barangay San Bartolome, Novaliches, Quezon City. It is SM Prime’s third mall in the city, after SM City Fairview and SM City North Edsa.

The new mall is estimated to have provided up to 4,000 new jobs to include those of the mall's tenants and suppliers.

SM Prime President Mr. Hans Sy said, “The area of Quezon City continues to be a key expansion area for SM malls."

SM City Novaliches has a leasable area of 42,721 sqm, 85% of which has already been awarded to tenants.

The opening of SM City Novaliches brings SM Prime's total GFA to 4.8 million sqm all over the country.

Before the year ends, the company will open its fourth China mall in the city of Suzhou.