SM Prime Marks 30 Years By Leading PSE Opening

SM Prime Holdings, Inc. recently marked 30 years as a publicly listed company by leading the bell-ringing ceremony at the Philippine Stock Exchange (PSE) in Bonifacio Global City, Taguig.

SM Prime, one of the country’s leading property developers, celebrated three decades of transformative growth in the Philippine real estate industry as SM Prime Holdings Chairman Henry T. Sy, Jr. received the 30th Listing Anniversary Plaque from PSE President and CEO Ramon S. Monzon.

Founded in 1994 by business visionary Henry Sy, the company has remained steadfast in its mission to develop world-class shopping, dining, entertainment, residential, and amusement destinations throughout the country and beyond.

SM Prime Holdings’ Board of Directors Hans T. Sy, Amando M. Tetangco, Jr., Jeffrey C. Lim, and Henry T. Sy, Jr. lead the bell-ringing ceremony with PSE President and CEO Mr. Ramon S. Monzon, Directors Eddie T. Gobing and Ma. Vivian Yuchengco, COO Roel A. Refran, Issuer Regulation Division Head Marigel M. Baniqued-Garcia, and General Counsel Veronica V. Del Rosario.

Growth from IPO to a Major Real Estate Player

From the initial offering of four malls, SM Prime has grown to become a formidable player in Southeast Asia’s property sector. The company now has a multi-sector Philippine portfolio of 22 lifestyle cities that include 91 residential developments, 86 malls, 22 office towers, 10 hotels, and eight convention centers. Its robust growth trajectory has been fueled by the support of investors and the flourishing capital market provided by the PSE.

SM Prime, which was incorporated in January 1994 and raised approximately PHP 5.89 billion ($221 million) in its initial public offering (IPO), SM Prime is now one of the most active stocks in the Philippine market, alongside its parent company SM Investments Corp., and subsidiaries BDO and Chinabank.

Over the years, the company has faced and overcome significant challenges, including the 1997 Asian financial crisis, the 2008 global financial crisis, and the recent COVID-19 pandemic. Throughout the years, the company has remained resilient, continuing to drive system growth.

SM Prime Holdings and PSE representatives

3 New Malls Opening

On its 30th anniversary year, SM Prime is opening three malls: SM City Caloocan, SM City J Mall in Cebu, and SM City Laoag in Ilocos Norte. This year also marks the start of the redevelopment and expansion of SM Megamall and ongoing projects at SM Mall of Asia, SM City Cebu, SM City Iloilo, and SM City Bacolod. Further, SM Prime will enhance its Leisure Homes in Tagaytay and Batangas, establish new hotels with around 17,000 rooms, and continue developing mixed-use commercial buildings that combine office and retail spaces.

With micro, small and medium-sized enterprises (MSMEs) making up 63% of its commercial tenants, SM Prime developments offer significant job and business opportunities through various support programs and job fairs, fostering economic growth for local enterprises and local government units (LGUs).

SM Prime Holdings President Jeffrey C. Lim

SM Prime: Targeting a Sustainable Future

SM Prime shared that it is prioritizing integrating sustainable practices across its operations, from energy-efficient building designs to comprehensive waste management programs. The company said its commitment to sustainability will help it maintain a positive impact on the environment and society, paving the way for a greener and more resilient future.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. For more information, visit www.smprime.com.