Caraga’s first SM mall rising in Butuan | Inquirer News

Caraga’s first SM mall rising in Butuan

/ 05:00 AM March 16, 2019

BUTUAN’S FIRST Aerial view shows ongoing construction of the first mall in the Caraga region being built by SM for opening in November. —ERWIN MASCARIÑAS

BUTUAN CITY – Barely eight months after the start of construction, the first SM mall in the Caraga region is rising and would open in November this year.

SM Prime Holdings Inc. (SMPHI), owner of the mall, said construction was on target.

Article continues after this advertisement

Oliver John Tiu, SMPHI vice president for operations in Mindanao, said the mall would have a total floor area of 37,000 square meters and would be three-and-a-half-stories high.

FEATURED STORIES

There would be cinemas and arcades in the city’s first mall and SM’s seventh in Mindanao.

SM’s sixth mall, Mindpro Citimall, would open on Oct. 18, a month ahead of the opening of Butuan’s mall.

Article continues after this advertisement

Mindpro Citimall in Zamboanga City is a 22-year-old facility that underwent expansion.

Article continues after this advertisement

90-percent occupancy

Article continues after this advertisement

“After the opening of the second mall in Cagayan de Oro, then next in Zamboanga City, now here comes Butuan,” Tiu said.

“We hope will be able to generate big business for Mindanao. The location is significant as in this part of eastern Mindanao this would be our very first,” Tiu added.

Article continues after this advertisement

SM Butuan will have 122 long-term tenants and will open with a target of 90-percent occupancy.

“We will have a sizable mall for Butuan, since it’s being built on a major city, the capital of Caraga region,” Tiu said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

SMPHI, Tiu added, was looking into future mall projects for Toril in Davao and another in Zamboanga City but declined to reveal details as management was still in the planning stage of the projects.

TAGS: Butuan City, Caraga, ‎mall, SMPHI

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.