SM Prime to open its largest shopping center in Tianjin in 2015

SM Prime Holdings Inc., the integrated property firm of Henry Sy, is spending around $200 million for its shopping mall expansion in mainland China. The umbrella property firm, one of the largest in Southeast Asia, will draw down until late this year the bulk of the proceeds of a $300-million syndicated loan, an executive said. "We have drawn portions already, between $50 million to $100 million,” said SM Prime executive vice president and chief finance officer Jeffrey C. Lim. "We have the entire year to draw on the facility,” Lim said. SM Prime, which

SM Prime's largest shopping center SM Tianjin to open in 2014

SM Prime Holdings Inc., the country’s largest shopping mall developer and operator, may borrow up to P15 billion in Philippine peso and US-dollar denominated debt early next year to help fund an aggressive expansion program in the country and in China, a top official said. SM Prime chief financial officer Jeffrey Lim said in a text message the debt will likely be issued in the first quarter or second quarter of 2013 as the developer hopes to take advantage of current low interest rates. Lim said on Thursday SM Prime is planning to spend about P30 billion next year, of which

SM Tianjin, SM Prime's largest mall, to open in 2014

SM Prime Holdings Inc., the country’s largest shopping mall developer and operator, may borrow up to P15 billion in Philippine peso and US-dollar denominated debt early next year to help fund an aggressive expansion program in the country and in China, a top official said. SM Prime chief financial officer Jeffrey Lim said in a text message the debt will likely be issued in the first quarter or second quarter of 2013 as the developer hopes to take advantage of current low interest rates. Lim said on Thursday SM Prime is planning to spend about P30 billion next year, of which

SM Prime to build its largest shopping mall in Tianjin

A ground breaking ceremony of SM Tianjin Shopping Center   The Philippines' largest mall operator plans to build its fifth mall in China, which the company said will be SM Prime Holdings, Inc.'s biggest shopping mall to date. SM Prime told the Philippine Stock Exchange on Tuesday that the new mall will be built in the industrial city of Tianjin in China. The mall, expected to be the biggest that the company will build so far, will have a gross floor area of 530,000 square meters. It is bigger than SM Prime's SM Mall of Asia's gross leasable area of 406,962 square
All 4