SM City Consolacion opens in Cebu

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A large crowd attends the opening of SM Consolacion PHOTO FROM FACEBOOK.COM

MANILA, Philippines—Retail giant SM Prime Holdings Inc. opened its 43rd shopping mall in the country, SM City Consolacion in Cebu, last Friday, June 1.

It is the second of three malls the group wants to have in the bustling province of Cebu.

The mall, with a gross floor area (GFA) of 106,857 square meters, is located on Cebu North Road, Barangay (village) Lamac, Consolacion, Cebu.

It is SM Prime’s second mall in the province, after SM City Cebu, which opened in November 1993 and is 11 kilometers away.

The group’s third Cebu mall will be built on the reclaimed South Road Properties (SRP) area, expected to be opened in the third quarter of 2014.

“We warmly welcome all our valued customers to our newest and second mall in Cebu, SM City Consolacion,” SM Prime president Hans Sy said last week.

“The region of Cebu remains to be a key expansion area for SM malls. This reflects our continued confidence in the prospects of Cebu, given its dynamic population and flourishing business landscape, especially its vibrant export sector, which contributes significantly to the country’s economic growth,” Sy said.

SM City Consolacion has a leasable area of 57,842 sqm, 89 percent of which has already been awarded to various tenants. The shopping mall’s anchor tenants are SM Department Store and SM Supermarket.

Among the quick service restaurants located in the mall are Jollibee, Chowking, Greenwich, Red Ribbon, Pizza Hut, KFC and Mang Inasal.

Food restaurants serving local Cebuano cuisine such as Chika-an Sa Cebu and Jonie’s Chicken are likewise tenants of SM City Consolacion.

Other mall tenants include BDO, Watsons, Ace Hardware, National Bookstore, Ideal Vision, Bench and Penshoppe.

The mall’s many amenities also include a Cyberzone for tech-related stores; a food court for close to 700 diners; four cinemas, with a combined seating capacity of 1,488; and parking for 700 vehicles.

The company, meanwhile, bared details for its planned mall at the SRP area, recognized as one of the growth areas for Cebu.

The SRP mall “will boast of a gross floor area of 241,600 sqm, making it Cebu’s biggest mall and fourth among SM malls,” the company said.

For the rest of 2012, SM Prime is scheduled to open SM City San Fernando in Pampanga, SM City Lanang in Davao City, SM City General Santos in Southern Mindanao, and SM Chongqing in China.

By the end of this year, SM Prime will have 46 malls in the Philippines and five in China.

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  • hustlergalore

    saan ba ang pilipinas?

    nasa SM

    LOL

  • hustlergalore

    saan ba ang pilipinas?

    nasa SM

    LOL

  • http://pinagiisipanpabayan.tumblr.com Pinagiisipan Pa Ba Yan?

    I don’t really care who owns the business, as long as it can give me a job. 

  • http://pulse.yahoo.com/_VYOIJWB3T5AQZVG4JRRQHCU2BI John

     SM is selling almost Chinese products they are not even encouraging Filipinos to provide them with the goods sold in the market, They drain so much our DOLLAR reserve.

    Also SM owns the National Grid Corporation they steal the power from Napocor and use it in the SM Malls around the country. Kaya look and observe on every SM facilities tied up with NAPOCOR walang kwentador ( electric meter ) kung mayroon man not the actual consumption.

  • http://pulse.yahoo.com/_2VLO53PRSSY76BZOWLOHJDM33M jeray

    wala na bang tatayo na negosyanteng mayaman sa pilipinas ang maging advocate ay walang 6 months contract. Try nyo po mas dadayuhin kayo ng tao pag nalaman.

  • http://pulse.yahoo.com/_XUWXIES7SL42HS3QL2FBBIZXRI Bahaykubo-girl Kulasa

    SM and its affiliate Save More are killing small businesses in the provinces that cannot afford to go big. LGUs should be more vigilant in allowing or not allowing malls like SM (and also Puregold, among other big groceries) to be present in their areas. And for SM, please have a conscience.

    • GreenStallion

       With due respect to your comment, I don’t think so SM monopolize the business environment in the provinces. Like in our case here in Gensan, before SM opens this July 2012, theirs already 3 big malls (Robinsons, Gaisano & KCC) plus other small stores such as the SUN TRADING, NOVO, UNITOP, TIANGE’s etc.operating in our city. Besides we do have varied choices of goods that can be purchased at a very reasonable price. To singled out SM & stereotype other local investors as threat in our growth is depriving the people the freedom to choose and avail of good quality and yet affordable products. I’m not an employee of SM nor a die hard supporter but this establishments (also the AYALA & ROBINSONS,etc.) have their Corporate Social Responsibilities (scholars, housing, taxes,etc.) that undeniably contributes as well to their respective regions. 

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