Property developer SM Prime Holdings Inc. (SMPH) is set to open its first shopping mall in Ilocos Norte province on Friday, the company’s 88th mall in the Philippines.
SM City Laoag is located along Airport Road close to the city center and Laoag International Airport. The mall is also near commercial areas and residential developments.
The mall has three levels and more than 51,000 square meters of space for shops. About 90 percent of the space is already leased. The mall is expected to create around 4,000 jobs for Ilocanos.
“The opening of SM City Laoag reinforces our commitment to bring modern, accessible and community-oriented retail experiences to underserved but fast-growing areas,” said SM Prime president Jeffrey Lim.
“We’re excited to support the region’s economic momentum,” he said.
