SM to open 2nd lifestyle mall in Olongapo

SM City Olongapo

Property giant SM Prime Holdings is opening on Friday its 73rd shopping mall in the Philippines:  a new lifestyle mall in the highly urbanized city of Olongapo in Zambales.

Situated in Olongapo’s primary business district, along the bustling Rizal Avenue in Barangay East Tapinac, SM City Olongapo Central is a four-story complex with gross floor area of  72,000 square meters.

This is SM Prime’s second lifestyle mall in Olongapo, a first-class city.  It will open with 85 percent of its space already leased out to tenants.

“Olongapo City remains one of the fastest growing cities in Central Luzon creating a wonderful synergy on economical and sustainable development. SM City Olongapo Central will not only enhance the beauty of this thriving city, and its province, but will also create more jobs and business opportunities to locals who aspire to grow with our company,” SM Prime president Jeffrey Lim disclosed to the Philippine Stock Exchange on Thursday.

The new shopping, dining and entertainment complex features SM brands such as SM Supermarket, The SM Store, Our Home, Watsons, Uniqlo, Surplus, Sport Central, SM Appliance Center, Ace Hardware, Banco de Oro and China Bank.

SM City Olongapo Central is also pitched as an “ideal avenue for communities from neighboring towns and provinces to converge and enjoy a refreshing and holistic urban lifestyle experience topped with modern amenities.”

The complex will have a food hall, cyberzone, wellness zone, six digital cinemas, a convention center, more than 700 car park slots and a sports entertainment venue.

“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,” the company said.