Sm Prime Holdings Inc (Philippines)

SM Prime Holdings, Inc. (SMPH) is a large integrated property developer in Southeast Asia. It was incorporated in the Philippines in 1994 and started as a mall developer and operator. It has since become the largest retail shopping center developer and operator in the Philippines. Currently, SMPH has 82 malls in the Philippines and 7 shopping malls in China, with a total of 10.4 million square meters of Gross Floor Area (GFA). In the Philippines, it has 19,690 tenants and 1,883 tenants in China. In addition to mall development and management, SMPH also has other business units and subsidiaries. SM Development Corporation (SMDC) is the residential business component that sells affordable condominium units. The Commercial Properties Group (CPG) is engaged in the development and leasing of office buildings in Metro Manila. SMPH's Hotels and Convention Centers business unit develops and manages various hotel and convention centers across the country. SM Prime Holdings, Inc. aims to be a catalyst for economic growth and enrich the lives of millions of Filipinos. They also prioritize sustainability principles in their business strategy.