SM City Iloilo expansion promises the best shopping, dining and entertainment experience
Iloilo City is indeed bustling with developments such as having new investors, building constructions and business expansions.
A view of the ground floor
SM Prime Holdings which is led by business tycoon Henry Sy Sr., has invested P1.3 billion for the annex that features more local and international restaurants, boutiques and specialty shops, giving Ilonggos more options for celebrating, bonding and shopping.
From the existing 71,995 square meters and 200 leased units, SM City Iloilo now has four floors of 21,124 square meters and 165 units of shopping and dining spaces. The mall now has a total area of 93,079 square meters and 365 units, making it the biggest mall in Western Visayas, said Steven Tan, senior vice president of SM Supermalls.
You should see the food hall at the third level. It has a cool and modern design and it is spacious which makes dining pleasurable. Then, tech enthusiasts will definitely have a feast at Cyberzone. You also have banks and other service outlets to choose from.
It is indeed a big development since the mall started its operations in 1999.
POTENTIAL FOR GROWTH
Tan said that the Visayas region has so much potential for growth, thus their expansion includes SM malls outside of Iloilo City. This includes SM Bacolod and SM Cebu Seaside City. The latter spans 30 hectares and is set to be the biggest mall in the Philippines, said Tan.
Department of Trade and Industry Aklan exhibition at the ground floor
"We are expanding more. In Manila, we are expanding the Mall of Asia. We are going to have a botanical garden at the mall's roof deck," Tan said.
SM has 50 malls in the Philippines and seven in China. "We aim to have 75 malls by 2018,” Tan said.
'Bags Affair' at the second floor
SM is not only known for building the biggest malls but it also boasts of having the largest supermarket chain in the country.
"We have also acquired Cherry Foodarama,” Tan said. Cherry Foodarama is a supermarket chain famous for its low-priced local and imported retail goods. Founded in the 1950’s, it is a pioneer in the grocery business.
The spacious food hall
Then, SM Investments Corporation (SMIC) has a stake at CityMall which also opened a branch in Tagbak, Iloilo last October 2015. CityMall Commercial Centers Inc. (CMCCI), is a subsidiary of DoubleDragon Properties Corp. (DD). CMCCI is 66% owned by DD and 34% owned by SMIC./By Kathy Villalon
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