SM Prime to open second Pangasinan mall this week

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SM Prime Holdings, Inc. is opening its second mall in Pangasinan on Friday, taking advantage of the strong domestic market and the growing tourism sector in Northern Luzon.

In a disclosure to the stock exchange on Thursday, May 3, the property holding firm of the country’s richest man Henry Sy, Sr. said SM City Urdaneta Central will have a gross floor area of 42,000 square meters (sqm).

“We are excited to be a part of Pangasinan’s growing economy,” SM Prime President Jeffrey C. Lim was quoted in the statement as saying.

“As Pangasinan is at the heartland of the Philippines and the gateway to Northern Luzon, SM is a committed partner in further building on this strategic and dynamic province through SM City Urdaneta Central. This new mall complements the existing offerings of SM City Rosales, which is our first mall in Pangasinan,” he added. — Krista Angela M. Montealegre