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SM Prime Acquires Community Mall

02 Mar

BY ANGPING & ASSOCIATES SECURITIES

SM Prime Holdings (SMPH) completed the purchase a community mall in Cabanatuan City to team up with its upcoming large-scale shopping center in Nueva Ecija.

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Megacenter is a 5-story mall previously owned and operated by CHAS Realty and Development Corp. The acquisition amount was not disclosed.

Aside from SM Cabanatuan, SM Prime is launching this year 3 other malls which are located in Caloocan, Rizal, and Cavite.

SM Seaside Cebu, meanwhile, could be the 5th mall to be launched this year but its completion date is still tentative.

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Posted by on March 2, 2015 in Corporate News, SMPH, Stock Market

 

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