SM Prime to expand SM City Cagayan de Oro

Aside from the long rumored new SM Mall on the old Coca Cola Plant in Osmena, SM Prime Holdings (SMPH) is looking to expand its malls Mindanaowide, including the SM City at Pueblo Business Park.

Go said SMPH is building another mall in Butuan and expand its existing shopping mall in Cagayan de Oro City  and the old Davao mall.

She said that SMPH is set for opening in late 2014 or early 2015 a mall in Butuan.

SMPH currently has 431,000 square meters of gross leasable area in its four malls in Mindanao, and Go said the company expects to grow this further once new developments are in place. The company also plans to have a second mall in Cagayan de Oro.