• SM opens 48th mall


    SM Prime Holdings Inc. opened on Friday SM City BF Parañaque, its 48th mall in the country.

    SM Prime President Hans Sy said that SM City BF will house new facilities and more international brands.

    “We are pleased to open SM City BF in the highly progressive city of Parañaque, and this reflects our continuing efforts to better serve the various needs of the city with a more upscale offering,” he said.

    Spanning a gross floor area of 120,200 square meters, SM City BF will be the first SM mall to have four Director’s Club cinemas equipped with electronic recliner seats that can accommodate up to 200 moviegoers.

    “Always wanting to give a unique mall experience, we have equipped SM City BF with the most number of premier digital cinemas and director’s clubs in a single mall,” Sy said.

    Including the Director’s Club cinemas, SM City BF will also house two premier cinemas with 180 seats each for a total of six digital cinemas.

    SM Prime, the property subsidiary of Henry Sy’s SM Investments Corp., now operates 48 malls in the Philippines and five malls in China. Besides the plan to build more malls in China, it was reported recently that SM Group is now also eyeing a lifestyle city project in the second-biggest economy in the world.


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